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31 October 2015 | 51 replies
Your business plan is a work of art.
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23 April 2016 | 10 replies
He then sent eight emails explaining the real estate business and the "art of the deal" Is that not a book by Donald Trump?
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23 September 2016 | 20 replies
no, but it will need to be really artful in putting that file together to make it stick.
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24 June 2016 | 8 replies
I will start off wholesaling first and then once I master systems, and hopefully find a mentor or guide as well I want to dig deeper into the art of real estate investing.
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1 November 2016 | 77 replies
Financial assets...stocks, bonds, real estate, art etc.
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19 October 2016 | 8 replies
Staging does that.When I sold my house last year, I packed up all our belongings and stored them in a storage area in the basement but left the furniture and some (impersonal) wall art.
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15 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 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 (checkbook IRA) 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.)
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2 April 2017 | 18 replies
Loan Origination Fee $ 900 $ - $ 990 Application Fee $ - $ 270 $ - Document Preparation Fee $ 250 $ 265 $ - Underwriting Fee $ - $ 265 $ - Appraisal Fee $ 460 $ 550 $ 550 Appraisal Management Fee $ - $ - $ 90 Credit Report Fee $ 40 $ 63 $ 22 Tax Service Fee $ 95 $ 110 $ 75 Recording Fee (Deed + Mortgage) $ 170 $ 240 $ - Notary Fee $ 30 $ 20 $ - Sub-total of Fees Above $ 1,945 $ 1,783 $ 1,727 Title Insurance/Endorsements $ 924 $ - $ - Title Closing Protection Letter Fee $ - $ 125 $ - Title Electronic Document Delivery Fee $ - $ 49 $ - Title Endorsement Fee $ - $ 300 $ 452 Title Lenders Coverage Premium $ - $ 699 $ 680 Title Overnight Delivery Fee $ - $ 21 $ - Title-Tax Certification Fee $ - $ 50 $ - Title Owners Coverage Premium $ - $ 50 $ 774 Title Settlement/Closing Fee $ - $ - $ 850 Sub-total of Title Fees Above $ 924 $ 1,294 $ 2,757 Property Inspection $ 325 $ 325 $ - Pest /Termite Inspection $ 55 $ 150 $ - Flood Certification $ 25 $ 12 $ 7 Sub-total of Inspection Fees Above $ 405 $ 162 $ 7 State Transfer Tax (half share) $ 600 $ 600 $ 600 Total Closing Costs $ 3,874 $ 3,839 $ 5,090
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12 April 2020 | 8 replies
I also made sure I could sign electronically (very important, I was not driving across town to sign documents every time needed, definitely was not waiting for courier or USPS, FedEx, UPS, to ship it) what documents were legally allowed.
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18 November 2020 | 9 replies
No one has figured out how to sell art, jewelry and other unique products online.