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Results (10,000+)
Derek Lukas Referral for HVAC contractor- Bakersfield. CA
2 October 2016 | 2 replies
I am not sure if he is the cheapest but I have had good personal experiences with Jose from Agape Air. 
Waylon Gates New member from Lake Havasu City, Arizona
4 October 2016 | 17 replies
@Waylon GatesFollowing 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.)
Chase Webster New to the Game...Several Questions
21 January 2017 | 11 replies
I personally am trying to do this on the side of a career.
Nick O. Incentives for keeping contractor/GC motivated to keep bids low?
4 October 2016 | 21 replies
Just think about all that time and money you waste buying materials and hunting for the cheapest guy for every job or task.I personally like fair; my GC does not need to be buying a Ferrari or cutting a million dollar paycheck from all the work we give them, but they do have margins and need to make a fair living for the line of work they provide.
Frank C. Property Mangers in Fayetteville NC
3 October 2016 | 3 replies
Might be able to get you a deal too...I'm pretty good friends with this person
Chase Webster Twin Falls, ID
5 October 2016 | 3 replies
I know one person who started their own property management company to use for their many rentals.
Noah Mellor Buying out of state
26 February 2017 | 19 replies
Personally I am not a fan of the north side, near west side or south side.
Account Closed Using Home Depot as a Contractor
30 January 2017 | 8 replies
I used HD to remodel the kitchen and bathrooms of my personal residence.
Alex Craig 30A Flordia
14 October 2016 | 12 replies
@Daniel Walker this is not the first person who said condos on 30A are not money makers, which I am fine with, I am not looking at cash flowing, simply looking for the things I listed in my previous post.  
Cameron Hodge Multi-family duplex with no permit on second building
2 October 2016 | 2 replies
Personally, I'm never lucky so I wouldn't touch it with a ten foot pole.