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Results (10,000+)
Edita D. Flood insurance costs soaring
5 November 2013 | 16 replies
The program is phasing out the federal insurance subsidies.
Colleen F. Changing rental criteria midway
25 October 2013 | 6 replies
I have to deal with this all the time as I don't do Sec8 or Pets.A quick google search looks like you maybe ok - "Fair Housing Law State and Federal laws provide “fair housing” protections for certain populations to prevent discrimination in access to housing.
Jeff Johnson Seller financing - making it work
26 October 2013 | 4 replies
Make sure you know all the laws (state and federal) about buying and selling with seller financing.
Joshua Dorkin What Impact will Crowdfunding have on real estate finance?
29 October 2013 | 46 replies
NC's state-level JOBS act of 2013 (HB 680) mirrors some of the federal structure but with a $1M limit regarding audited financials.
Phillip R. Should I sell my only Investment Property
28 October 2013 | 16 replies
If I were to sell, I'd just put the money into mutual fund in a taxable investment account.
Hament Raju Mahajan Self directing IRA money using QRP- Qualified Retirement plan
5 June 2019 | 46 replies
@Gretchen KnizeThe following compares the solo 401k vs the 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;Both are prohibited from investing in assets listed under I.R.C. 408(m); andNeither may be invested in your own Retirement funds business startup.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 2015; 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.)
Account Closed Navy Sailor seeking advice on starting to invest w/ a VA loan
5 November 2013 | 14 replies
My housing allowance from the military is not taxable, so does that mean that if I was to buy a home I could deduct it during tax season from my base pay?
Dale G. Who to contact after owner killed?
6 November 2013 | 26 replies
In accordance with the Gramm-Leach Bliley Act of 1999 (Federal legislation concerning the protection and disclosure of non-public personal information), we have no ownership interest in the referenced property and suggest you contact your local County Tax Assessor, Clerks Office or County Sheriff Office.
George Ochieng Any Investor friendly Title company in Baltimore
12 November 2013 | 6 replies
Eagle Premier Title Group on Light St in Federal Hill.The suggestions Ned gave above are ones I have used as well.
Diane Bartley Newbie from Northern VA, looking to invest in Louisville, KY
3 November 2013 | 18 replies
I plugged those numbers into the REI property analyzer, estimated expenses based on my knowledge of Louisville rental markets and it came up with the following: CAP rate 8%, cashflow/initial investment 15%, NOI $16,950, cash flow before taxes $7287, taxable net income $2177.