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Results (10,000+)
Ho Eun Park Investors that self manage: becoming a handyman yourself...how?
13 September 2018 | 16 replies
If you know anyone in the construction business, even if its your cousins neighbors brother in law, hit them up about hanging out at the job site for a day.
Chris Keator Self Directing IRA to pay for rehab costs
16 September 2018 | 5 replies
Following are the similarities and differences between the solo 401k and the self-directed IRA.The Self-Directed IRA and Solo 401k SimilaritiesBoth were created by congress for individuals to save for retirement;Both may be invested in alternative investments such as real estate, precious metals tax liens, promissory notes, private company shares, and stocks and mutual funds, to name a few;Both allow for Roth contributions;Both are subject to prohibited transaction rules;Both are subject to federal taxes at time of distribution;Both allow for checkbook control for placing alternative investments;Both may be invested in annuities;Both are protected from creditors;Both allow for nondeductible contributions; andBoth are prohibited from investing in assets listed under I.R.C. 408(mThe Self-Directed IRA and Solo 401k DifferencesIn order to open a solo 401k, self-employment, whether on a part-time or full-time basis, is required;To open a self-directed IRA, self-employment income is not required;In order to gain IRA checkbook control over the self-directed IRA funds, a limited liability companyThe Self-Directed IRA and Solo 401k DifferencesIn order to open a solo 401k, self-employment, whether on a part-time or full-time basis, is required;To open a self-directed IRA, self-employment income is not required;In order to gain IRA checkbook control over the self-directed IRA funds, a limited liability company (IRA LLC) must be utilized;The solo 401k allows for checkbook control from the onset;The solo 401k allows for personal loan known as a solo 401k loan;It is prohibited to borrow from your IRA;The Solo 401k may be invested in life insurance;The self-directed IRA may not be invested in life insurance;The solo 401k allow for high contribution amounts (for 2018, the solo 401k contribution limit is $55,000, whereas the self-directed IRA contribution limit is $5,500);The solo 401k business owner can serve as trustee of the solo 401k;The self-directed IRA participant/owner may not serve as trustee or custodian of her IRA; instead, a trust company or bank institution is required;When distributions commence from the solo 401k a mandatory 20% of federal taxes must be withheld from each distribution and submitted electronically to the IRS by the 15th of the month following the date of each distribution;Rollovers and/or transfers from IRAs or qualified plans (e.g., former employer 401k) to a solo 401k are not reported on Form 5498, but rather on Form 5500-EZ, but only if the air market value of the solo 401k exceeds $250K as of the end of the plan year (generally 12/31);When funds are rolled over or transferred from an IRA or 401k to a self-directed IRA, the amount deposited into the self-directed IRA is reported on Form 5498 by the receiving self-directed IRA custodian by May of the year following the rollover/transfer.Rollovers (provided the 60 day rollover window is satisfied) from an IRA to a Solo 401k or self-directed IRA are reported on lines 15a and 15b of Form 1040;Pre-tax IRA contributions on reported on line 32 of Form 1040;Pre-tax solo 401k contributions are reported on line 28 of Form 1040;Roth solo 401k funds are subject to RMDs;A Roth 401k may be transferred to a Roth IRA (Note that from a planning perspective, it may be advantageous to transfer Roth Solo 401k funds to a Roth IRA before turning age 70 ½ in order to escape the Roth RMD requirement applicable to Roth 401k contributions including Roth Solo 401k contributions and earnings.)
Brent Kiger Past rent being set to collections
11 September 2018 | 4 replies
Before we had a court date, my tenant moved out and abandoned the place.
William Huston Am i stupid to not do this?
17 September 2018 | 8 replies
Use floating closing dates and contingencies. 
Stephanie M. Tenant lease is ending, does not want me to show his side
12 September 2018 | 15 replies
Assuming the apartment is in good condition and will show well, try to work with him on a showing date/time that works better. 
Kenneth Jenkins Is wholesaling legal in Alabama
3 March 2019 | 12 replies
There are tons of resources on this site to help. 
Frank Regal House Hacking in the Houston TX Area
14 February 2019 | 15 replies
I am currently a fifth year (5/5) Mechanical Engineering student at Drexel University in Philadelphia, PA, I have recently accepted a full time job offer as a Mechanical Engineer at a chemical company located in Deer Park, TX with a start date in July 2019. 
Derek Clelan Benefits of starting an LLC before buying first property?
11 September 2018 | 3 replies
You can confuse yourself with reading all the opinions in this site.
Gideon Blustein Should I rehab/upgrade this single family rental?
12 September 2018 | 1 reply
The exterior is a little dated and there is a huge unfinished (dry) basement.
Troy Williams New Orleans OE for 2-4 Units
30 September 2018 | 2 replies
Any sites BP crew can recommend?