Ali Allen
Sloped and weak floor
4 October 2016 | 3 replies
Hey Ali,Sloped floors are typically from either the foundation settling or beams/joists damage.
Waylon Gates
New member from Lake Havasu City, Arizona
4 October 2016 | 17 replies
., 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.)
Bryan Murphy
Salary for house flipping
2 October 2016 | 8 replies
Can I pay myself a salary throughout the project so that I don't have to go 3 - 6 months without receiving any income?
Jason Harris
Property under market value minimum repair costs. Determine exit.
4 October 2016 | 4 replies
I just recently received a lead from a seller who is willing to sell me the asset under market value.
Alex Craig
30A Flordia
14 October 2016 | 12 replies
There's also more options in lending besides the typical 20% cash outlay.
Adam Jaken
What part of the country is there a better return then 6%
9 October 2016 | 39 replies
I have recently been reviewing a lot of posts and it seems like a lot of you are receiving a very high return on investment.
Michael Chilcott
Fixer Upper Tax Sale
2 October 2016 | 2 replies
Typically no you would not be reimbursed for improvements but I don't know the specifics of SC law.
Truong Tran
Never Officially Introduced Myself
3 October 2016 | 2 replies
I am so humble and thankful for BP to exist, I can ask really simplistic questions and receive insight.
Benjamin Barredo
Looking for a buyer's agent
3 October 2016 | 5 replies
More or less, I'd like them to be open to receiving a few emails every once in a while, answer my questions, and....really that's it.
Ashish Khera
Can my C Corp lend money to my LLC
13 October 2016 | 4 replies
Prepare a loan agreement and report the interest that the C Corp will receive from the LLC.