Sam Amir
Moving Thermostat Options?
7 November 2016 | 2 replies
We just installed one in our personal home and like the way it works,, got a Nest brand.We had a 3 story 6 plex and had same set up when we put in a new boiler we made the control for thermostat in the basement under our control.
Joseph Canini
Just quit the 9 to 5 rat race, now what? Live in San Antonio
9 November 2016 | 13 replies
I think then everyone could give you a more precise answer.
Jake Knight
Best door lock for vacation rental
10 November 2016 | 9 replies
This property is in another state and I want to be able to control access remotely.
Justin Young
Are there any fees to starting an SDIRA?
9 November 2016 | 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(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 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.)
Account Closed
Tenant doesn't have electric
15 November 2016 | 10 replies
In the future you take control, have tenant sign the power utility form in front of you and you submit it to the power company, as landlord, then the power is not interrupted and you are on record for any shutoffs.
James Marszalek
Funding an owner/occupied Multi-Family with Private/Seller Money
8 November 2016 | 1 reply
Hypothetical Scenario: You want to purchase/control a multi-family property that you (as the investor) will occupy (one of the units).
Lulu Wang
Short Sales in Nyc newbie Need help
12 November 2016 | 8 replies
If you made an offer on a property that you dont control the short sale process I will tell you that is not that easy to get that much information from those people.
Tina Marie
Assigning Lease Options
20 November 2018 | 21 replies
This is an interesting idea that I'd like to see expanded on.I've read that it's a good idea to stay in control of finding the lease option sellers, but then it might be a good idea to get an agent to find a tenant buyer, but what if I already have a tenant buyer and just need an agent to close, but close what?
Richard Nix M. Caasi
Investing in an apartment or a single family home?
8 November 2016 | 4 replies
If you buy a property that clearly you can add value to (i.e renovate interiors, exteriors, perhaps add a carport that you can charge parking fees on, retrofit plumbing to save on utilities, etc) you can exercise more control over creating value.
Perrii Muthuraman
New Member, Perrii from Toronto, Canada.
21 November 2016 | 16 replies
They are thinking of ways to increase the affordability of the first time home buyers, but not controlling the price rise.