Jason R.
Self-Directed IRA Investors
24 July 2019 | 24 replies
@Jason RyersonThe Self-Directed IRA and Solo 401k Differences CONTINUEDThe 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.)
Jack Williams
Residential assisted living
20 March 2021 | 15 replies
Can you give me some insight into the licensing and transfer concerns I should be aware of.
Joseph Cameron
Excited newbie From the Chicagoland area.
2 January 2020 | 14 replies
So in January of 2019, I transferred to our new FedEx terminal in Joliet, IL for more growth opportunities here.
Justin Hutchins
Constructive criticism needed..... wholesale pitch 🤨
4 October 2018 | 18 replies
There are as many reasons to sell as there are sellers - downsizing, job loss, transfer, illness, divorce, etc.
Gian Piero Bandieramonte
Investing in Tennessee as a foreigner
6 October 2018 | 2 replies
Consider that we are all foreign investors investing only in a single residential rental property in Tennessee.1) The common tenancy will be tax exempt from franchise and excise taxes because it is a unincorporated (general partnership) family owned entity deriving income wholly from passive real estate rental income. 2) When one of them dies, the 50% ownership in the partnership would be directly and automatically transferred to me in my condition of heirs, even if I am not part of the partnership and even if no Will was left.
Jeremy Lumpkin
Buy and Hold Rental Properties in North Tulsa
4 March 2021 | 20 replies
I am a transfer of this program and have bought 21 doors in less than a year.
Haiyang A.
What liens/judgments survive Sheriff Sale in Ohio?
22 January 2020 | 12 replies
Would those Ohio state tax liens (assuming they are junior than the mortgage) attach to whatever assets the debtor might possess (and transfer to the new owner)?
Kalyn Williams
How do you collect your rent?
6 May 2019 | 43 replies
They can swing by the branch, mail it, electronic transfer.
Mario Malpelli
Advice on if forming LLC for STR is necessary
11 October 2022 | 5 replies
Like @Leslie Anne Morris said, most conventional mortgage have a due on sale clause which will trigger on transfer to the LLC.
Brenton Ricketts
House hack through COVID in a STR destination
21 September 2021 | 13 replies
The numbers are here if you have the capital and don't mind transferring your SF rent to a Sonoma Mortgage payment.