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Results (10,000+)
Jonathan Bowen I hate "house hacking".
28 March 2018 | 67 replies
@Jonathan Bowen There are a lot of catch phrases created by the REI Guru's created to make something not as appealing to become mor alluring, the term House Hacking is one of those catch phrases, at the end of the day nobody wants to be an investor who landlords via a connected wall, it's out of circumstances presented at that time in their investment career.
Pedro Sibiea New Member From Miami, Florida
27 March 2018 | 7 replies
I could honestly say it was the best decision I made since leaving college and taking steps towards a future I am capable of creating.
Paul Holtham Owner Willing to Hold Mortgage Temporarily
27 March 2018 | 2 replies
This exceeds what the property cashflows for the new owner, by the way.My point is, you create good deals by talking to all parties involved and solving problems.
Holly Nielsen To sell or not to sell?
10 April 2018 | 16 replies
Mine was to create positive cash flow to retire in 15 years.
Eddie Sorrell Just closed on four-plex and meeting with existing tenants....
26 March 2018 | 17 replies
Try not to create artificial vacancy if possible. 
Richard Jump Self Directed IRA Investing Scenarios
3 April 2018 | 8 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 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.)
James Warner How to pay a private investor?
25 March 2018 | 3 replies
Please point me in the correct direction if I've put this in the wrong place.I have wanted to invest in multi-family for a while now, just recently creating a single-member LLC to do this.  
Courtney Downtain How do I handle a rude neighbor?
4 April 2018 | 55 replies
But I also try to create win-win situations and having a car parked in my driveway at a vacant house at night I see as a positive. 
Keith Jourdan Tenant from hell eviction case. Now I have officially seen it all
10 April 2018 | 39 replies
Any time you buy a property with existing tenants, you should create an estoppel certificate.
Shannon Robinson Creating an LLC for investing and Uber driving
25 March 2018 | 0 replies
Is it possible to create one LLC to purchase real estate as and investor while also using the LLC for a Uber driving business?