Mark Spritz
Self Directed LLC IRA
11 January 2019 | 46 replies
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 used.
Mike Kroupa
Second Deal Purchase
15 September 2017 | 2 replies
I completed a rehab budget using cost data from a variety of sources, including information shared by Clay Smith who is a local investor.
Ken Virzi
Better late than never
31 August 2017 | 6 replies
The complex and area wasn't the best, but I would be 7 miles from Manhattan Beach and share the same weather with those $3 million houses.
David Briley
What should my mailer target be?
6 September 2017 | 6 replies
@David Briley would you mind sharing your high converting postcards with me?
Tonya Sanders
Advice about potential partner for house flip
14 September 2017 | 9 replies
Sharing in profit without risk is not a partner.
Account Closed
Looking for advice on an analysis of a triplex in Minnesota
4 September 2017 | 22 replies
There are better deals even some off market ones if you're interested - connect with me and I'll share one.
Carlos Jonathan Fuentes
Is this how you find agents?
29 September 2017 | 7 replies
I wanted to share my "expertise" here with the bigger pockets community and hopefully, work with one of you!
Brian Halstead
Does anyone know any good contractor in Jacksonville Florida?
1 September 2017 | 4 replies
Be glad to share his name with you.Charles
Aaron McCurdy
Where do I begin? Commercial investing -- ie: Car Wash
23 January 2020 | 27 replies
I have contacted the sellers agent and they are willing to share financials with me when I sign a CA.
Mary Joe
Cities where condos cashflow or breakeven with 25% down??
4 September 2017 | 19 replies
@Marc Jolicoeur@Mary JoeMy advice would be to connect with Marc Jolicoeur who has bought condo/Townhouses and may share what he looks for in returns on these types of properties.