Anna Dyal
Desperately Need help/advice with refinancing my 2 New York Homes
23 September 2022 | 22 replies
I recommend you contact a licensed mortgage broker and apply for refinancing from institutional banks through them.
Wesley Sherow
Need Feedback: Short Term Rental Underwriting Tool
13 October 2022 | 9 replies
We're live in New York and Florida for testing, and going national next month.Here's the site: www.strbrain.comUse code VIP2022 to purchase a report at the same cost it is for us to pull the data from across various websites and data providers.
Will G.
RV Parks..... good investment?
1 September 2023 | 28 replies
The park was ARGUABLY in the top 5 in the nation.
Will Barnard
B of A Sucks Official Thread
25 February 2013 | 141 replies
You also don't have time to call 12324 people on the phone and get routed around for days to get a JV account set up because they don't know how to handle it without state filing information.I also needed some letters of credit and other things a few times and it took a United Nations resolution to get it done.
Bryan Hancock
Salary/Dividend Split - How Does It Impact Social Security Eligibility?
28 March 2018 | 32 replies
This allowable earnings threshold is adjusted each year by Social Security based on a formula managed by Social Security called the national wage index.
Jesse Schultz
Templates for private lending contracts
27 October 2016 | 4 replies
Payment of the Debt shall be made in [choose one: monthly/quarterly/annual] installments by [choose one]:[ ] personal check sent to __________[address where check is to be mailed]____________[ ] direct deposit to ____[institution and account number where deposit is to be made]____[ ] ________________________[describe other form of payment]____________________Payments shall include principal and interest, as follows:Beginning on ___[loan start date]___ and continuing [choose one: monthly/quarterly/annually] on the ___[for example, 1st or 15th]___ of each [choose one: month/quarter/year] (the "Due Date") until ___[month/day/year of last payment]___ (the "Final Due Date"), Borrower shall pay to the Lender or Note Holder the sum of $________ each [choose one: month/quarter/year] (the "[choose one: Monthly/Quarterly/Annual] Payment").
Sean Yang
New investor from San Diego CA
20 November 2016 | 25 replies
I bought my first rental property on the east coast last year and I will continue to look for rental properties both locally and across the nation.
Paul Wakim
First Flip(s) Financing Question
31 December 2016 | 7 replies
Wells Fargo is not an investor friendly bank, nor are any of the national players.
Franky Juwana
Is it possible to have multiple self directed IRA?
6 January 2017 | 5 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.)