Anthony Crecco
Webinar
28 August 2016 | 0 replies
If you are interested, then be sure to attend the upcoming webinar.After registering, you will receive a confirmation email containing information about joining the webinar.
James Maness
Apartment Complex
15 August 2020 | 12 replies
., 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.)
Zac Dotson
All Bills Paid?😕
31 August 2016 | 3 replies
Raise the rents, whats the difference in someone paying $700 including no bills and say you include all the utilities for $850 a month.
John McCormack
RE Sales Associate/Broker Relationship for new VR Management Co.
11 September 2016 | 3 replies
There's brokers everywhere including semi- retired, etc who you should get to know and approach.
John Welz
Lead Paint Inspection/Deleading Information
2 September 2016 | 5 replies
As you probably know, a child under 6 cannot live in an apartment that contains lead paint, and you cannot turn someone away because you don't want to get a place deleaded (of course there are always ways around it)Also note that once you test for lead, I believe (could be wrong) that you will always have to disclose that information to someone.
Justin Jones
Potential Investor in Arkansas
2 September 2016 | 9 replies
In my career in the car industry, I have made many contacts including tradesmen as well as business owners, including an apartment complex owner who is beginning to exit them due to obligations in his other companies.
Ken Rishel
Is Your Website Leading the Regulators to Your Door?
17 September 2016 | 12 replies
Many of the articles in the newsletter do contain information about problems some operators are having with regulators.
Daniel Johnson
How to keep track of finances on multiple flips?
4 December 2016 | 47 replies
Is it still included in the bonus material?
Alex Sanfilippo
Rentalutions.com - Feedback Needed!
19 January 2017 | 3 replies
I do like that it seems to handle everything, including a homepage for your listings.
Aaron J.
Government Lending Rules vs. Bank Policy?
30 August 2016 | 6 replies
Examples of income of this type include income from hourly workers with fluctuating hours, or income that includes commissions, bonuses, or overtime.History of Receipt: Two or more years of receipt of a particular type of variable income is recommended; however, variable income that has been received for 12 to 24 months may be considered as acceptable income, as long as the borrower’s loan application demonstrates that there are positive factors that reasonably offset the shorter income history.Examples of positive compensating factors that we like to see (1-3 will generally do it)...Employed in same line of work.Makes sense from a common sense perspective, like someone is returning to the workforce after being a stay at home parent for a while.Recently finished some training or education program that lines up with the new line of work.Low DTI.Great credit.Income trending upwards.