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14 January 2017 | 30 replies
When things are hammered about verbally, usually after a first e-signed offer was submitted, the accepted counter is created and e-signed within 24 hours.
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13 January 2017 | 5 replies
I can call and ask for a pre approval letter to help get offers submitted at any time of day for any amount (w/in reason and I would obviously qualify for). a mortgage broker is great if you don't know a lot of the lingo or are just starting out but they usually will cost a bit more. big banks are big banks. just a machine but if you are dealing w/ the right person im sure you will be fine. good luck
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13 January 2017 | 2 replies
My question is: If the home is in an evaluation stage, can I still submit an offer?
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17 January 2017 | 7 replies
The 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 2016, the solo 401k contribution limit is $53,000, 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.)
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16 January 2017 | 7 replies
And then again after submitting my purchase offer.
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16 January 2017 | 1 reply
How do I find out about the plans that may have been submitted to the city for renovation of the boarded multi storey building?
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16 January 2017 | 0 replies
How do I find out about the plans that may have been submitted to the city for renovation of the boarded multi storey building?
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19 January 2017 | 6 replies
If on the MLS you will need an agent to write and submit the offer.
16 January 2017 | 2 replies
Does this mean I cannot submit an offer for this listing?
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16 January 2017 | 1 reply
He hasn't yet submitted a formal application (he wrote me a lengthy letter explaining his story), so I don't know his credit history, but I'm unsure whether to proceed even from this point.