Brandon Mitchell
Finding International buyers
20 February 2017 | 1 reply
I thought maybe finding some international investors would be very productive so I have been looking into it but I cannot find any info on it.
Ahmad Mohammed
Withdraw 401K - Urgent, please help.
20 February 2017 | 4 replies
I think you might be able to transfer your 401K to a Self Directed IRA and not get penalized.
Jordan Shutts
2017 Tax Implication
21 February 2017 | 6 replies
I’ll be getting a residential loan and I’m not sure if I can transfer into a LLC without them calling it.
Nick Thurston
BRRRR/Hack with no money?
21 March 2017 | 13 replies
lol I think I'm getting it Chris Mason But if all the money goes into escrow in order to be transferred to the seller at closing, then technically couldn't the seller just carry back that 3.5% that the bank won't cover?
Jim Bear
New Member in the Phoenix area
21 February 2017 | 6 replies
I have done all internal Managing and have had a perfect record for occupancy rates.
Soumya Brijesh
Will lease option raise the property tax by county?
21 February 2017 | 2 replies
It doesnt transfer the deed so no flags will be raised to trigger property taxes getting higher.
Lucas LeBlanc
Private funding: Solo 401k / SD IRA
22 February 2017 | 9 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.)
Brendan M Brown
Lease Optionsl Sandwhich, what If i dont buy?
23 February 2017 | 1 reply
The language & terms in your contract will determine what your obligations are and what you can & can't do.Language that allows you to sell or transfer your option to buy could be a good idea.Best of luck
Scott Ellis
Repaid HELOC - Does it need to season?
10 May 2017 | 15 replies
I have a personal line of credit for $50K with a $0 balance.I can use a HELOC for a down payment on a conventional mortgage, but not the line of credit.If I transfer the HELOC to the personal line, what are the implications?
Brian Garrett
Buying in-laws home?
22 February 2017 | 2 replies
The current look back period for transfers that are not arms length is 5 years.