James Carpenter
Real Estate Investor Site
4 October 2016 | 4 replies
@James Carpenter, along the lines of finding a "good few" as mentioned above, in addition to networking personally at the REIA meetings, I would network with investor-friendly title companies.
Mark Davis
What exactly is cash only
5 October 2016 | 30 replies
Go find a good friend or family member m if you have little to no experience.
Conner Sweet
I'm Conner, new member from Olathe!
31 October 2016 | 8 replies
Be stingy, greedy and rude and you will have few friends, few recommendations and lose out on good money.
Doug Spence
New Active Duty Investor in Pensacola
2 October 2016 | 12 replies
I have a friend(also active duty) who's renting his place in destin and he's glad he did!
David Barnett
New member from Boston area - investing in Minneapolis, MN
7 October 2016 | 20 replies
I'm concerned about the high prices, unless your company offers a way for me as an individual investor to pool with other investors to earn a decent rate of return.
Emin T.
Accuracy of Zillow Home Value Forecast
26 October 2016 | 10 replies
I totally get that individually it can be very wrong to estimate.
Waylon Gates
New member from Lake Havasu City, Arizona
4 October 2016 | 17 replies
@Waylon GatesFollowing are the similarities and differences between the solo 401k and the self-directed 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; 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 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.)
Joey Budka
I'm an Agent AND Principal... Acquire, wholesale or to list?
1 October 2016 | 2 replies
Differentiating yourself with a friendly call is the difference between a 1% conversion rate and 3-5% conversion rate, which probably equates to thousands or millions more in profits.
Braden Coast
First Property price/market
1 October 2016 | 3 replies
I've been doing as much research as I can on locations and strategies, online and talking to real estate agents and friends (one of whom recommended this site which is awesome) I've gone through the BP online education and listened to a few podcasts.
Gene D.
Coming to Cinci. Active investors and investor-realtors?
1 October 2016 | 0 replies
I'd like to connect with some active investors and/or investor-friendly realtors in the area, and to get a sense of the market in the area.