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Results (10,000+)
Matthew Parrott Sold 1 property via Land Contract, What am I missing?
7 November 2017 | 2 replies
They eventually left after numerous complaints from the neighbors and visits from the humane society, local housing authority and CPS.
Jesse Cabot Looking for Feedback to Help Investor Client Needs
14 November 2017 | 5 replies
But, the last thing I want to do is lean on him for every... single... question... that I have regarding each issue I'm running into.ProblemSince I just got my license in August, I'm having a difficult time coming from a position of authority (because I obviously don't have any yet) with many of the questions I get asked by my clients and potential clients.
Daniel Foster Self-Directed IRA VS Solo 401K
10 August 2020 | 16 replies
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 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 2017, the solo 401k contribution limit is $54,000, 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.)
Nick Lemieux Owner vs. Prop Manager
13 November 2017 | 14 replies
I had to dream for a long time while I search for my building, the thought of surrendering my authority and responsibility is ridiculous.
Sam Josh Retail Debt and what it means for REI & Next Recession
10 November 2017 | 0 replies
That has caused many large and well known retailers (Sports authority, Circuit City, Toys R Us) to close shop in recent years.
Wade Sikkink Examples of Real World Negotiating Techniques
14 November 2017 | 49 replies
Higher authority and specific number. 
David Finley Health Insurance for self employed
11 November 2017 | 4 replies
I wish our elected politicians would get together & fix the issues with health insurance in our country instead of making it a political football...That being said, regardless of what Congress & the President does with regards to Health Insurance, taxes, etc., it's not my approach to complain about it, but to instead how to best benefit from whatever comes our way.FWIW, I started on Bronze for years and last year switched to Silver.
Christopher Malone Attention Chicago Landlords - Who pays the water bill?
10 June 2019 | 12 replies
On your letter put on the bottom "CC: Chicago Housing Authority". 
Joseph M. Forbes article claims REITS better than investing directly
13 November 2017 | 7 replies
I wonder if the author is truly ignorant or if they actually know better. https://www.forbes.com/sites/marcprosser/2017/07/19/data-proves-reits-are-better-than-buying-real-estate/
Adam Sheren Always start with why - but not always yours
13 November 2017 | 0 replies
(disclaimer: I have no affiliation with author Simon Sinek and am not being compensated for the recommendation of this book)