Pete Cupial
Contractor Needed / Brenham TX
18 January 2017 | 6 replies
I'm in need of an Investor Friendly contractor for my flip in Brenham, TXMy project is taking much longer then anticipated.
Jay Phillips
Team Building and Pay
28 September 2016 | 2 replies
I have a great friend of mine, who is one of the investors, that would like to start a Corp. or LLC.
Zachary Robertson
Columbus, OH Investor Checking In!
3 October 2016 | 4 replies
However, I have been talking about real estate investing with a lot of friends and family and funding is now not the issue.
Brett Avelin
Middle Aged Newbie in New Haven Ct getting his feet wet.
5 October 2016 | 11 replies
Also looking at Wilmington NC on a tip from a friend if New Haven is too pricey (Last BP Podcast with Steve Garner from Wilmington was super helpful and full of good tips) Haven't found/reached out to local REIA yet, but aim to this fall.
Michael Young
MLS Find
29 September 2016 | 4 replies
The agent had a friend that made the same if not higher offer but theirs was 30 day close and they were asking questions like is the title clean, any issues with title, etc.
Julie Marquez
My Goals For Easy Rentals and Passive Income - Feedback Please
30 September 2016 | 36 replies
Thanks BP friends!
Melanie Tucker
Best Brokerage for Investors
6 October 2016 | 2 replies
Net worth realty is who I know that's investor friendly they sponsor the sd reia meeting.
Marcus Gold
TSP to IRA
11 November 2016 | 7 replies
You may also want to consider an IRA LLC or a Solo 401k.Following are the similarities and differences between the solo 401k and the self-directed IRA.The Self-Directed IRA and Solo 401k Similarities Both were created by congress for individuals to save for retirement;Both may be invested in alternative investments such as real estate, precious metals tax liens, promissory notes, private company shares, and stocks and mutual funds, to name a few;Both allow for Roth contributions;Both are subject to prohibited transaction rules;Both are subject to federal taxes at time of distribution;Both allow for checkbook control for placing alternative investments;Both may be invested in annuities;Both are protected from creditors;Both allow for nondeductible contributions andBoth are prohibited from investing in assets listed under I.R.C. 408(m).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.)
Gavin Clarke
Irish Investor in DC
29 September 2016 | 12 replies
I came across this website/podcasts through a friend who was surprised I had never heard of it given my interest in real estate.
Brent Kiger
Property management software
10 November 2016 | 8 replies
I have struggled to find a reliable and user friendly online property management software where I can collect rent online from my tenants.