William Behm
Solo 401k 1099-R for in plan Roth conversion
4 February 2015 | 4 replies
I live in Cleveland and I have found that the average professional has little or no knowledge of concepts such as the Solo 401k plan with checkbook control.
Brent Paul
I have noticed a trend on foreclosures in my area....
3 February 2015 | 8 replies
Many many people did but as the structure and concept of MERS became known, the lawsuits dried up and those that remained, primarily ruled in favor of MERS.
Account Closed
negotiating with lien holders after sale - purchase @ sheriff auction
22 February 2016 | 21 replies
It is based on the concept of "first in time equals first in line"Here is the kicker though:property tax liens get automatic priority over all other liens no matter when they were recorded.
Toben B.
How do I split the profits when I raise money and manage the property?
4 February 2015 | 3 replies
At the highest level you can either raise debt (basically borrowing the money from your investors) or equity (the investors become part owners in the property.)Debt is obviously simpler and it allows you to retain ownership but, investors may not be interesting in just lending.With equity, I will take fees in 4 ways 1- acquisition fee for putting together the deal paid at closing2- asset management fee: between 1 and 3% of gross rents paid monthly for my day to day management3-share of cash flows (usually between 10 and 30%)4-share of cash flows (usually between 10 and 30%)**Your 100k would be treated as an investor dollar alongside what your investors put in.
Lourdemir Aime
Buying a rental property
7 February 2015 | 9 replies
This isn't that hard to do if you understand all the moving parts.The system I use, and the source I have, was actually designed around making this concept work...like a charm.Let me add this.
John Matthews
Reconciling Wealth Building with Philanthropy
21 June 2018 | 16 replies
That said, I am significantly more business minded than she, and one of the concepts that was under fire last night, was the idea that you need money to make money, so in the beginning you need to put all of your money into your business, but her concern is many "rich" people never flip the switch and talk the talk, they're always concerned about building their estate larger and larger.So I understand this is a very personal question, but I wanted to get some thoughts as far as how most of you reconcile the two.
Brandon Duff
401k and rental property.. significant other Woes
9 February 2015 | 41 replies
I was in the same position so I decided to go with my gut and purchase a property without telling my spouse because I believed in the concept of real estate investing and I new it would work.
Stephen Hundley
Access to Very Cheap Money
9 February 2015 | 14 replies
All of the concepts sounded great but the actual money seemed so far away.
Stephen Yiu
Pre-Froclosure listing
20 February 2016 | 7 replies
Doesn't get any simpler than this :)
Joel Owens
TINY houses... Fad or here to stay??
20 June 2016 | 50 replies
When you say "I would rather increase my income then have to live in such a small space." your not grasping the whole concept of the movement.