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Results (10,000+)
Peter Grange Looking for advice and/or opinions
11 September 2018 | 0 replies
Then possibly find another 203k property, rent the 2nd home to pay for mortgage.C) Find a SFH or MFH to purchase with a 203k, rent current home to pay 203k loan, and then shortly, there after, use HELOC from our free and clear home to purchase a fix and flip or BRRRR.
Christian Tibok Short Sale: What happens to HELOC in secondary position?
9 November 2018 | 20 replies
You will need to submit the short sale package to the 2nd lender as well.
Justin Rogers Buying a Multifamily zoned as a Single Family
12 September 2018 | 4 replies
Short answer: Seller finance or try to have the owner get it re-zoned. 
Elvis Chukwu Is wholesaling the best way to start investing in Real Estate?
16 September 2018 | 8 replies
I personally focus on sandwich lease options which I believe is the best option for short term cash flow.
Phillip Mitchell II Networking in Terre Haute and Indianapolis, Indiana
11 September 2018 | 2 replies
I am transitioning from investing in the stock market into building a company of my own.  
Jaron Walling "Possible short sale" and determining my 1st offer
13 September 2018 | 4 replies
The listing mentions the possibility of a short sale if the seller doesn't get any good offers. 
Ho Eun Park Investors that self manage: becoming a handyman yourself...how?
13 September 2018 | 16 replies
I have seen some with short programs with low/affordable tuition. 
Reid Kelley What does everyone do for a Personal residence?
13 September 2018 | 6 replies
My wife and I have a guest house at the front of our primary residence that we rent out as a short term rental on AirBnB.
Mickey Jay What are your thoughts on the eXp brokerage?
12 September 2018 | 3 replies
I think it's becoming easier to recruit as people see the stock price move up and the streamlining of processes are getting better every day.
Chris Keator Self Directing IRA to pay for rehab costs
16 September 2018 | 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(mThe 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 companyThe 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 2018, the solo 401k contribution limit is $55,000, 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.)