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29 September 2019 | 10 replies
They can generally recommend a TPA or custodian that they are comfortable working with.A TPA (Third Party Administrator) will provide you and/or your investors with a self-directed IRA account, handle the flow of funds, and file reports as required with the IRS to maintain the tax-advantaged status of the IRA.
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21 December 2018 | 1 reply
I work full-time in healthcare administration and my current budget allows me to save around 40-50% of my income.
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25 December 2018 | 36 replies
This is the one we use all the time with investors.Moreover, if he has any interest in the property, he needs to be disclosing that to you in writing as well.His office's "different take on agency" seems to be that they don't care about administrative rules from the Division and they are unaware that there are state approved forms that address this situation exactly.
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4 August 2021 | 22 replies
AB 671AB 671 lowers costs through government incentives for building ADUs with affordable rent.The bill would require the Department of Housing and Community Development to develop a list of existing state grants and financial incentives for operating, administrative, and other expenses in connection with the planning, construction, and operation of accessory dwelling units with affordable rent.
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23 December 2018 | 11 replies
The Series LLC offers several benefits to prevent lawsuits through anonymity, separating your asset's liability, cost savings (you are only forming a single entity rather than 9 + however many more you plan on getting) and streamlined administration (a single entity can be managed easier than 9 between banking and taxes.)
27 December 2018 | 5 replies
Why not buy out the interest of the estate and start the Administration process.You'll be self representing the estate yourself.
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31 December 2018 | 8 replies
@Jose Amezaga, I suggest you look on the Small Business Administration website to help with understanding what it takes to get a business up and running.
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27 December 2018 | 13 replies
@Rupert GrantGenerally if you're eligible for a Solo 401k, it makes sense compared to a self-directed IRA for many reasons: Compared to an IRA, Solo 401k contributions limits are roughly ten times higher.There is no custodial requirement for the 401k.You don't need the additional expense and administration of an LLC to have checkbook control.You can borrow up to $50k from the plan; IRAs do not allow participant loansThere is a built in-Roth component whereas IRAs are either traditional or Roth, not both.A spouse can also participate in the same Solo 401k plan.The Solo 401k has additional tax benefits over an IRA when investing into real estate using leverage.The penalties for prohibited transactions are less severe, though it's best not to utilize this benefit :)The one exception I can think of is if your primary goal is to self-directed Roth IRA funds.
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27 January 2019 | 17 replies
CMHA (administrator of Cleveland Section 8) sent out this notification on yesterday:Dear Landlord,As you may know, there has been a partial shutdown of the Federal government.
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2 January 2019 | 13 replies
During the last administration HUD decided doing so was having a disparaging impact on a protected class, so they created a policy saying it is illegal to say you won’t rent to anyone with a felony.