Christopher Davis
Which online tools do you use for market and research?
29 October 2019 | 3 replies
Wondering what consensus is among investors here regarding various online tools and resources for market research, both local and national?
Andrew Glavinic
Billboard Lease Agreement Question...
16 June 2023 | 22 replies
Are they a National brand like Lamar?
Brittany Edwards chu
Private money or conventional loan
14 January 2022 | 7 replies
If you are planning on flipping property I would urge you to look at a bridge loan which can be originated by "private money" or some lending institutions will do bridge loans as well.
Account Closed
Mortgage broker with gmail address
18 May 2023 | 5 replies
I'm able to get a much better rate (at least 0.5% lower than if I went to a national bank) from the broker but the broker has a Gmail address.
Rick H.
How do you like the new BP format?
24 October 2016 | 10 replies
(From old National Enquirer TV Ad).
Mike Pichik
IRA to 1031 for Real Estate Invenstment
6 October 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 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 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.)
Hamlet Bonilla
Is Baltimore still good?
1 June 2016 | 8 replies
And over 200,000 people every day commute in Baltimore from Washington, DC and Virginia.Baltimore ranks #18 in the top 25 rental markets in the entire nation.
Austin Esfandiary
FREE Real Estate or SALES CRM?
29 August 2016 | 0 replies
However, am now a Real Estate Agent with the Leading National Brokerage, and need to develop a NEW CRM Database.
Oded Levy
Mortgage For Foreigners in USA
11 February 2017 | 4 replies
@Oded Levy There certainly are banks/lenders that will lend to foreign nationals.
Brandon Cunningham
Drone Industry Pilot from Georgia!
28 August 2015 | 1 reply
Look forward to meeting local and national members!