Alex Khodnev
Foreign investor looking to start flipping in Cleveland OH metro
1 February 2017 | 7 replies
I lived in Scotland for 9 years and might be returning in another year or two, but want to buy investment properties here in Cleveland in the meantime, so I'll be looking at international buy and hold too.
Sharee Mason
Counting empty lots in pro forma
5 February 2017 | 16 replies
Any park-owned homes are transferred to me at closing for $ 1.
Sharon M.
What does FIFA TRANSFERRED/SOLD mean?
26 January 2017 | 0 replies
I've been researching a property and found on its tax bill the wording "FIFA TRANSFERRED/SOLD" for the years 2011-2014.
Elaine Jordan
Moving IRA money to a Self-Directed for Investing
27 January 2017 | 3 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.)
Jackie Mesa
Personal Vacation home & ROI
6 February 2017 | 4 replies
Are you open to international investing?
Thomas Wolthoff
Selling investment prop and avoiding capital gains
26 January 2017 | 6 replies
I equate it to a 401K rollover or transfer of stock account to another company.
Mark Matos
How do i add my name to the deed of the house?
18 July 2020 | 7 replies
Your dad will execute a quit claim deed and transfer title to both of you.
Teddy Johnson
Title Transfer to DBA Trick
27 January 2017 | 7 replies
My wife just Financed 8 properties and we want to transfer them back to the LLC's.
Bruce Michaud
SDIRA LLC can it open a brokerage account ?
28 January 2017 | 4 replies
It would be easier and cleaner to just open a new IRA account with Schwab (or similar) and transfer excess funds/cash flow from your SDIRA custodian to the new IRA.
Account Closed
Debt Pay Down vs. Save Cash Flow for more Property
27 January 2017 | 5 replies
Hey Everyone,I'm having an internal debate and would love some feedback on which strategy is better.I own one duplex.