Brandon Diaz
How would you do this deal?
8 March 2017 | 15 replies
I am afraid to get outbid at the tax sale, so I am trying to handle this before that date.
Justin Young
Concerning the article about building wealth
8 March 2017 | 96 replies
I have flipped one property to date.
Account Closed
How Do You Structurize Pre-Foreclosure Deals ?
6 November 2019 | 21 replies
Any recommendations for working with the lender and buying within 2 weeks before the auction date gets here?
Mike D.
Duplex tenants pay for lawn mowing?
3 October 2018 | 19 replies
I hire a company to mow my duplexes because I've seen it too much on the management side where tenants aren't mowing and the municipality gives 2 days for it to be mowed (with the date of posting counting as a day).
Amy Webber
Review/Critique multiple property purchase - Greenville, SC
27 May 2017 | 5 replies
I'll post the actual numbers after I get the insurance set up for the closing date.5) It is aggressive but we should be able to start work on them right after we close so that is lined up.
James Freeman
Affordable Key Date and Email Alarm Software?
1 March 2017 | 0 replies
Any recommendations for Key Date and Email Alarm Software?
Brandon Davis
Investor Friendly - Agents
1 March 2017 | 0 replies
I am also looking for agents who are very up to date with the local markets and trends.
Mukesh Yadav
Looking for feedback on Self-Directed IRA custodians
6 March 2017 | 13 replies
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.)
Rich Hupper
How does a homeowner terminate a listing contract
5 March 2017 | 9 replies
There is the following language under the broker fee paragraph: "The aforesaid fee shall also be due upon sale of the property to any person who was introduced to the PROPERTY during the aforesaid term or any extension or who entered into an agreement to purchase during the term, during any extension or within 180 days after expiration of the term or any extension, regardless of the date that title passes, except if the SELLER has entered into an exclusive agreement with another broker in good faith, in which case the BROKER shall be entitled to receive only the difference between the fee set forth herein and any lesser net fee paid to the other broker."
Josh Engelhart
What am I missing? Multi Family Cash Flow
5 March 2017 | 13 replies
Clean up exterior, freshin up exterior paint, put ownings on, do easy maintenance landscaping, add a coin operated laundry for additional $100 per month at $1.50 for washer and dryer each, increase rents in between tenants or at anniversary dates.