Robert Ashline
General Question About Education and Student Loan Debt
13 February 2019 | 5 replies
In your own opinion, would it be more beneficial to focus on working and side-hustling to save up, while also focusing on real estate investment?
Frank Peraza
What is the best way to structure an anonymous LLC?
12 February 2019 | 9 replies
The beneficial owner will be the LLC, but there would be no recorded document linking it to the property.Most revocable trusts don't provide any asset protection, but they also don't cost anything.You can use your living trust, or better, you can create a personal property trust.
Jerry Ma
Taxation for selling home for non-US citizens.
7 February 2019 | 1 reply
May parents were also wondering if would be more beneficial to transfer it into my name and then sell it.
La'Crystal Hicks
Starting out....meeting with a realtor
7 February 2019 | 7 replies
Hopefully he could provide me with some cash buyers) When you meet, just discuss your goals and see how you can build a mutual relationship and how he can put you in the right direction.
Eric Geers
Looking to Connect with Agents in Fort Wayne, IN
14 February 2019 | 2 replies
There are investment opportunities all over Indiana, perhaps speaking to realtors in a variety of areas to better understand what opportunities there are might be beneficial.
Jesse Smith
Opportunity Zone Benefit Look Back Period? Tax help?
13 February 2019 | 4 replies
@Jesse Smith The OZ program has various requirements necessary to qualify for the beneficial capital gains tax treatments.
Gus Muller
My first flip back in 2010
15 February 2019 | 7 replies
@Gus MullerA book with the title, “My first flip” would sell very well in my opinion, and it would be beneficial to anyone nervous on jumping into there first property.
Mary D.
Why would I use crowdfunding instead of hard money?
4 October 2019 | 4 replies
they're not mutually exclusive. crowdfunding is just a different method of raising capital, and there are many different types of crowdfunding. some platforms raise it for you, others want you to list the deal, but you have to raise it yourself.
Eva Mackowski
solo 401k or self directed ira?
13 February 2019 | 4 replies
@Eva MackowskiFollowing 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 Differences:In 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.)
Enrique Huerta
Best Beginner Real Estate Investment Books
14 February 2019 | 3 replies
I am sure this book will be more beneficial to a beginner who is more familiar with financial modeling than I was.