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Results (10,000+)
Jarrad Fiorito Hello to BiggerPockets
28 October 2013 | 6 replies
Listen to all of the podcasts, join others from the Garden State as they do meet up, participate and your on your way.
Joshua Dorkin What Impact will Crowdfunding have on real estate finance?
29 October 2013 | 46 replies
I might own 50% of the property but those who participate at a certain level would have access as with a time share.Thoughts?
Dawn Anastasi $23,000 house
20 September 2014 | 79 replies
We just took over a 3/2 in tucker that had barely been returning $500/mo on a $140k investment.
Hament Raju Mahajan Self directing IRA money using QRP- Qualified Retirement plan
5 June 2019 | 46 replies
@Gretchen KnizeThe following compares the solo 401k vs the 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;Both are prohibited from investing in assets listed under I.R.C. 408(m); andNeither may be invested in your own Retirement funds business startup.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 2015; 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.)
Tom Wooderson Greetings from Northville, MI
3 November 2013 | 8 replies
In addition to my professional career; I am actively participating in multiple organizations emphasizing leadership, self development, public speaking, entrepreneurship, and financial education.Look forward to working with you,Tom
Brant Richardson 401k owns LLC that invests in real estate?
3 April 2014 | 21 replies
I've never heard of an employer 401(k) plan that allows participants to invest in private placements.I can have a self-directed 401(k) and I can vest investments in different LLCs that the 401(k) trust establishes, for the convenience of the trustee (me).
Marc Ramsay Eviction Movers Trashing My Building
4 November 2013 | 13 replies
Under section 6.105 CONDUCT OF MOVERS/PENALTIES, subsection B, “Movers participating in court-ordered move-outs must conduct themselves in a professional manner, and comply with all court orders and the directives of the Housing Court’s bailiffs.”
Justin Atkinson General my own home?
1 November 2013 | 4 replies
After completing my first new construction project with a seasoned partner, I'm finally ready to tackle the construction of my personal residence -- but just barely.
Jon Klaus How much is your lowest rent?
31 October 2013 | 22 replies
i'd barely make any money for a property over 100k (total). i am curious what you get to keep every month..