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21 June 2018 | 21 replies
@John Casmon Returns are still distributed but are not cumulative.
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17 November 2017 | 7 replies
Both of them are well versed in all creative techniques, and what you can and can't do.
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29 December 2017 | 7 replies
Slowly buying 8-12 single family units in linear markets in the midwest, keeping a healthy cash reserve, and coming up with a distribution schedule that is very conservative, one that can allow my parents to live comfortably.
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9 January 2018 | 5 replies
BelfonThe other members of the investment group would likely prefer to invest through an LLC instead of owning the properties in each investors name.The reason is that their liability will likely be limited to their invested capital if something were to go wrong.To get the liability protection - you will want the title of the property deeded to the LLC.The partnership will file form 1065 and form PA-65 where it will report the rental activities you plan to get involved in.The partnership will then distribute a K-1 to each investor where they will ultimately report the information on their individual tax return.
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30 December 2017 | 10 replies
Amazon is adding a distribution center in Euclid, not far from Cleveland.
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10 January 2018 | 12 replies
@Connor ParsonsTo learn about what is considered self-employment activity for participating in a solo 401k plan, please see the following. https://www.irs.gov/businesses/small-businesses-se...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 2017, the solo 401k contribution limit is $54,000, 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.)
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10 January 2018 | 6 replies
What are your top 3 marketing techniques that are working best for you right now?
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13 January 2018 | 10 replies
Can anyone share techniques they used to land up his/hers first deal?
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31 December 2017 | 3 replies
This process is an easy one if it is paid for (free and clear) then see real estate lawyer to transfer it using quit claim deed but you may also need to an accountant if you held it in LLC for a while to see how to take distribution (return of capital etc.) and how to deal with depreciation.
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3 January 2018 | 62 replies
I use the same techniques to analyze Real Estate.I basically project the Total Value (FMV minus Debts) divided by the Cash Flow over a 10 year basis.