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Results (10,000+)
Jaron Walling "Possible short sale" and determining my 1st offer
13 September 2018 | 4 replies
If you decide to place an offer and it's going to be short you may want to get some contractor bids, etc to support your offer. 
Harlan Robinson 500 FICO VA Loan with 10% in Chicago and Phoenix.
12 September 2018 | 8 replies
IF YOU SELL YOUR GOOD UNLESS THE Buyers ARE FHA QUALIFIED WITHIN 90 DAY Rule comes Into Play.THERES MORE BUT IT CAN GET COMPLEX DEPENDING ON YOU PLANS.
Martin Neal BRRRR Refinance Help Purchase Price
28 November 2018 | 16 replies
Next time, when you do a BRRRR Add your rehab, insurance and ancillary costs to the HUD. the rule is commonly said as "you can get out only what you paid for the house" but this incorrect.
Darrick Lowe Month-to-month no lease tenants
11 September 2018 | 2 replies
Most likely they believe without a lease they do not have to follow any rules.
Sylvia B. Title companies don't like Collector's Deeds in MO
11 November 2018 | 6 replies
Different rules at different title companies.
Account Closed [Calc Review] Help me analyze this deal in San Diego
11 September 2018 | 10 replies
This investment only makes sense as an investment under the following conditions:You can support huge negative monthly cash flow.You expect significant property appreciationYou expect significant rent appreciation.This purchase would have a huge amount of risk and I only see the upside if the appreciation continues like it has for the last 5 years which I think is unlikely.Good luck
Peter Arroyo can seller back out after contract signed?
18 September 2018 | 11 replies
On the 2nd go around the seller can void the contract.But as a general rule if the contract does not mention they can not void, then they can void the contract once you open the contract back up for negotiations, because now you no longer have a ratified contract, but you are now negotiating again.
Ho Eun Park Investors that self manage: becoming a handyman yourself...how?
13 September 2018 | 16 replies
For example, I'm a pretty good carpenter but I'm terrible at wiring.I'm a big supporter of the best way to learn is to do mentality.
Raymond J. Rodrigues Selling an investment property within 6 months of purchase
11 September 2018 | 3 replies
Rodrigueshttps://www.biggerpockets.com/forums/12/topics/425786-90-day-flip-rule-strongSo I had no idea this was an issue.
Chris Keator Self Directing IRA to pay for rehab costs
16 September 2018 | 5 replies
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(mThe 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 companyThe 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 2018, the solo 401k contribution limit is $55,000, 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.)