Ralph Noack
Charge for parking in Southern Ontario
25 March 2018 | 1 reply
Just trying to get an idea of how much one can reasonably charge for on site parking.
Holly Nielsen
To sell or not to sell?
10 April 2018 | 16 replies
What most folks around this site seem to forget about real estate investing is the cash flow isn't the thing that makes it such a good investment vehicle.
Maria Luna
Month to month or sign a rental agreement
28 March 2018 | 15 replies
Check out Cozy, the site has a good credit check and background check process, which the tenants pay for.
Toby Russell
Becoming a realtor questions
25 March 2018 | 2 replies
Exception would be like an on-site property manager on a salary.
Mark Pitt
Does anyone post on social media?
29 March 2018 | 23 replies
I always post on all the free sites (Craigslist, FSBO, For Rent, etc) and Facebook local For Rent/For Sale pages first.
Maria Luna
Tax deed investing in Washington state
25 October 2018 | 5 replies
Hope everyone is having a great weekend, Has anybody on this site invested on tax deed sales in Washington state?
Robert West
Working with vacant/bank owned property
28 March 2018 | 5 replies
Bank owned properties are a Total waste of time.....if you’re thinking to buy them before they publicly become available on mls or an REO auction site.
Elijah Voigt
New member from New Jersey
7 July 2018 | 16 replies
I came across this site not too long ago and am much more educated for it.
Richard Jump
Self Directed IRA Investing Scenarios
3 April 2018 | 8 replies
Following are the similarities and differences between the solo 401k and the self-directed IRA.The Self-Directed IRA and Solo 401k SimilaritiesBoth 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 2018, the solo 401k contribution limit is $55,000, 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.)
Dustin Verley
Day Use Short-Term Stays
26 March 2018 | 6 replies
And it beats trying to find a nice quiet place in the city to catch a nap, or get a few minutes of quiet time to unwind, or even complete some business work (used to think Starbucks served this purpose.)An interesting concept that has lead me to wonder if anyone else is taking advantage of this in conjunction with their AirBNB strategies, or any other strategy.