Sean Harrison
Direct solo K custodian
19 March 2019 | 8 replies
@Sean HarrisonIf you're self-employed, you might be eligible for a Solo 401k, which offers many benefits over a self-directed IRA: Compared to an IRA, Solo 401k contribution limits are roughly ten times higher.There is no custodial requirement for the 401k.You don't need the additional expense and administration of an LLC to have checkbook control.There is a built in-Roth component whereas IRAs are either traditional or Roth, not both.A spouse can also participate in the same Solo 401k plan.The Solo 401k has additional tax benefits over an IRA when investing into real estate using leverage.The penalties for prohibited transactions are less severe, though it's best not to utilize this benefit :)I'd recommend you reach out to a few providers who regularly post here on BP to get a better understanding of your options.
Christian Zarate
RoofStock Neighborhood Rating system
8 March 2019 | 4 replies
However, I dont know how RoofStock's star rating system compares to the traditional A-F system that most investment literature uses.
Cate Hocking
Rich Dad Poor Dad Free Property Seminar
3 March 2019 | 0 replies
I then found out their course price to learn their investment tactics & finding property deals, was jacked up compared to other countries at $1250.
Clarence Gong
Property tax issue in Cleveland
6 March 2019 | 4 replies
I have a question regarding the property tax and it may sound very basic.Let’s say the flipper bought the property a year ago for 100k and paying a low tax under 2k annually.If I bought it for 250k after the total rehab, would I be paying tax 2.5 times compared with the flipper paid?
Account Closed
Flipping Profits Tumbled To 7 Year Low
5 March 2019 | 16 replies
Or you can just be above average.Yup on the remodels i have done in Charleston i have made no less than 50k per project and the new construction averages about 100k profit per house and up.. so yes i know some only make 15k but .. to compare that to just putting cash out to create 200 a month in delta.. only way this stuff works if you can find deals with a ton of equity.. to just buy sub too and have very little equity to me is a fools errand unless its in known areas for decent appreciation.
Shannon Phillips
Help - Sell or Hold 60 Properies in Bay Area?
16 March 2019 | 16 replies
It looks like you bought at a great time and have reaped the rewards.
Corey Cowan
Cash Flow VS. Everything Else (ROI, Cash on Cash, NOI, ETC...)
4 March 2019 | 8 replies
These metrics are used to compare.
Sarah Kalicin
Property manager recommendations
5 March 2019 | 3 replies
Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.
Jason Behrens
Switching from owner paid heating to tenet paid
5 March 2019 | 6 replies
In our area we use natural gas, propane, wood, or pellet stoves and they are all cheaper than electricity.I would figure out what you pay per year to heat with oil then compare that to what it would be with electricity.
Shu Matsuo Post
paying property manager with credit card
4 March 2019 | 6 replies
All those loop holes have been shut down to prevent people from gaming credit card companies for rewards benefits.