Alaxic Smith
How do you verify income?
Hello!
I'm a software engineer working on a tool that allows landlords to connect to the bank accounts of potential tenants to verify their income, employment, previous addresses, and their identity. I'm making a po...
Bob Romano
Tenant lost job on application, concern?
Tenant has been in my rental since Nov 2018. I did a complete background check on him before he moved in, called his employer, spoke to HR dept to verify pay and got proof form his pay stub. I just called his work to ...
Michael Slockers
401k and solo-401k 2019 limits
Hello all. For all the following, please note I am under 50 years old!
If I am understanding correctly, the current maximum contribution for the 2019 tax year for your (single member LLC) Solo 401K is $19,000 as Empl...
Katie Rohrer
Solo 401k vs. SDIRA for Syndication Investing
I am looking to invest in a syndication using my retirement accounts. I had intended to open an SDIRA to do this, but the operator of the syndication suggested an eQRP (fancy word for Solo 401k) to avoid UBIT tax. Bas...
Johnny Mack
Possible Lay-off Right Bofore Closing
I’m currently looking at closing on a house hack in the next couple of weeks in PA. I’m an aircraft mechanic for a major airline and if there is no bailout I will be laid off. Good news is my old job called me and ask...
Felix D Menendez Jr
FHA bust Lender backed out after pre approval need help
So I applied for a FHA 203(k) loan and was pre approved for $325K I only wanted $250k. So after giving the lender all my documents upon first visit I waited a couple days for a rejection or pre approval. Great I was p...
Jesse Kindra
Self Directed IRA or Solo 401k
Hi BP Community,I could use some advise on options available for retirement accounts from past employers. I do have a few accounts available and I think it's fairly easy to rollover into a Self Directed IRA using a cu...
Filip Fritjof Tufvesson
Self-directed solo 401k
Can any IRA account be converted into a self-directed solo 401k account?
I have an empower retirement account through my employer in which the employer matches my investment to a certain percentage. Can I convert th...
Steve Jeffries
Self directed 401k prohibited transaction?
So, I was thinking of moving my W-2 401k to a self directed 401k. I understand that all profits have to be returned to the 401k, and there is a rule that a payment can not directly benefit you. This is my question...
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Cody Swainston
Columbus Indiana Market
Hi All,New to bigger pockets and RE investing in general. Located near Columbus, IN. Posted this in the starting out thread but thought I would get some thoughts here. Columbus Market -- Should I be concerned that Cum...