10 October 2016 | 14 replies
You can check this post in BPhttps://www.biggerpockets.com/renewsblog/2012/11/0...Then there is also other alternatives like VA loans, Seller financing, Subject to properties.Good luck!
13 October 2016 | 5 replies
Alternately if you can get online access to court records then you can search and see which firm does the most cases.
23 July 2019 | 58 replies
There are very inexpensive alternatives.
8 November 2016 | 8 replies
For quite some time I had wanted to get in to the self storage industry. My local market seems hot, my nearby facility just expanded and filled the new units quickly. I'm in the process of doing market research.I am c...
13 October 2016 | 1 reply
That where we want to put the 1031 in play and start locating another property..Just wanted any advice do's/dont's or any alternatives if he plans to buy up into a multi family (4-8 units) of about 1,000,000Thank you in advance
15 November 2016 | 16 replies
@Lee Brewer We have one on the last Thursday of every month (although we will probably choose an alternate day for Nov and Dec.).
13 October 2016 | 4 replies
I just want to know if I have any alternative options that would allow me to open up my VA loan.
16 October 2016 | 4 replies
As an alternative, find a good honest agent, double check everything to tell you to make sure they are putting YOUR interest first, make offers on what you like (below market), and then when you get a deal put a PM in place.
28 January 2019 | 5 replies
Who are the alternatives and what are the pros and cons of the alternatives?
17 October 2016 | 13 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.)