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Results (10,000+)
Hjiorst Fjioords More Self-Directed 401k: What kind of Bank Will Open One?
29 March 2020 | 11 replies
@Hjiorst FjioordsHere are considerations in choosing a Solo 401k provider and bank to provide the account:Solo 401k Bank Account Considerations:Here are some general considerations:If you want access to bank checks, a debit card and/or the ability to ACH funds out, you will need a bank, credit union etc. rather than a brokerage.There are 100s of banks and credit unions that have opened accounts for a Solo 401k.Keep in mind that the bank's role is limited to simply providing the account (i.e. no tax reporting, no recordkeeping, etc.) such you may wish to de-prioritize familiarity with Solo 401k plans and focus on other things that are important to you (i.e. branch locations, fees, etc.).If you want the ability to invest in stocks, mutual funds, etc., you will need a brokerage account.Many brokerage firms will open "free" accounts (i.e. no setup fee, no maintenance fee), which will also come with checkbook access and the ability to wire funds out such that they function as a "hybrid" between a bank and/or brokerage account.If you are looking for names of banks that open bank accounts for Solo 401k plans, there are many banks where we have received positive feedback including Wells Fargo, Bank of America, PNC along with local banks and credit unions just to name a few.
Shane Woodman Tax question. I did not benefit?
12 April 2023 | 19 replies
We filed jointly and our income property is in both of our names.
Jeff Ashachik Getting a US bank to mortgage a property in Belize
19 May 2022 | 12 replies
I would go with cheap Male/Female or any sex large rooms, with a joint bathroom and kitchen area. 
Shane Edwards Looking for Banking Recommendations
2 May 2022 | 3 replies
Can anyone give me some recommendations, or banks/credit unions that have caused them head aches?
Masashi Borges-Silva Reducing W2 income tax by actively participating in real estate
21 September 2022 | 11 replies
The easiest way to make this work if you have a regular W2 that you don't want to quit is to have a spouse that doesn't work and file a joint return.
Wendy Black John Burley?
18 February 2017 | 4 replies
His training is focused on buying single family houses with joint venture partners and then selling the houses on lease options.
Henry Clark Self Storage Day to day Constructing a new facility
7 January 2023 | 91 replies
This is expansion joint so as the ground heaves or thaws the road and the building pad move separately.Below is our existing office front. 
James Likis Tradeoffs: amending taxes with cost segregation & bonus depreciation
15 September 2023 | 13 replies
My thinking was to capture the added losses that cost segregation and bonus depreciation would provide us now and use them in future years when I move out of full time W2 and into REPS to then count against my wife's W2 income (we file jointly). 
Shaun Draughn Forming joint entity
28 August 2015 | 5 replies
We are in the contract under our respective entities names at this point but are contemplating whether or not it's beneficial/safe or whether it even matters whether we keep it that way or form a joint entity (LLC) once the loan is in place.