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3 September 2016 | 33 replies
Following is how the ROBS 401k works: Because you directly rollover your IRA or former employer 401k, 403b, Keogh, SEP, SIMPLE, or other eligible account, to your new ROBS 401k plan, which then funds your business, you incur no taxes or early distribution penalties.Unlike traditional 401k plans that allow for a 401k participant loan, that is, borrow up to 50% of the account balance not to exceed $50,000, the ROBS 401k for business financing plan allows you to use all of your retirement funds to fund your start-up business.The ROBS 401k funded corporation allows you to draw a reasonable salary from the business.ERISA 408(e), and ERISA Reg. 2550.408 list information regarding the use of 401k funds to invest in employer stock of the employer’s corporation.The IRS formally commented on the use of 401k business funds on Oct 1, 2008 by issuing IRS memo commenting that the use of retirement funds is not disallowed but continue to be reviewed by the IRS.The use of retirement funds for business funding entails the 401k purchasing stock shares in a C-Corporation.
25 August 2016 | 0 replies
Shared well, separate 3br septics that have been inspected and are good (Have to add a holding tank per Health Dept. as new regs require 500 gal holding per bedroom and both are 1000gal tanks).This is a country setting on outskirts of town (7min drive) and 1/2hr to 45min to 4 major cities where most employment is.
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25 August 2016 | 4 replies
The two gentlemen behind the sale of the 535,000 acre Waggoner Ranch in north west Texas (near Vernon) share part of their story at this podcast. https://www.recenter.tamu.edu/news/podcasts/?
26 August 2016 | 3 replies
Common amenities in these luxury apartment buildings include high-end rooftop decks, pet-friendly options, bicycle repair and storage rooms, shared co-working spaces, and tech-focused lobbies.
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28 August 2016 | 10 replies
Great job @Brian PulaskiAlways great to see others from the local area sharing successes and making moves.
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26 August 2016 | 16 replies
You could end up waiting years for that while you enjoy the stellar returns of bank interest and get to write a nice profit share check to you silent partner Uncle Sam (right @Steve Vaughan?).
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30 August 2016 | 3 replies
At the moment these are the only strategies I know of that can potentially allow me to generate quick funds so that I can get into other kinds of deals.I'm hoping other experienced investors can share experiences and insights to these concepts and guide me in the right direction.
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30 September 2016 | 4 replies
You are financially vulnerable should the corporations decide that you need to pay your share for the maintenance, manager salary, etc.
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26 August 2016 | 4 replies
That does usually mean you'd have to share profits but it is a great way to learn the process from those who have been around the block so to speak.
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1 September 2016 | 12 replies
PM me and I would be more than happy to share his info.