
26 September 2017 | 5 replies
Authorized occupants cannot be held responsible for rent or damages, need to be added as tenants for that to happen.

27 September 2017 | 6 replies
It seems San Diego, Orange county, southern CA area and parts of the western US is experiencing a number of commercial tenants collapse or near bankruptcy such Fresh and Easy, Sport Authority, Sport Chalet, Toys-R-US and more it's getting ugly for some commercial investors.

10 October 2017 | 4 replies
Following are the similarities and differences between the solo 401k and the self-directed IRA.The Self-Directed IRA and Solo 401k SimilaritiesBoth 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 2017, the solo 401k contribution limit is $54,000, 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.)

9 January 2019 | 15 replies
Yup they were in my families name.. but do check with local authorities my experiences are CA..

1 December 2017 | 9 replies
We recently revised our emergency contact form so that tenants specify who has the authority to remove their belongings in the event "of an unanticiapted prolonged absence from the rental unit".

3 October 2017 | 2 replies
You want to start reading a whole lot of books, especially the ones authored by Biggerpockets.

4 October 2017 | 13 replies
I would imagine that the authorization amount $$ is listed in your management agreement, i.e. anything over $300 will need owner approval?

2 October 2017 | 1 reply
You own the airspace above your property meaning you can remove any limbs hanging over onto your property.I wouldn't remove a tree that is on their side without permission, but limbs hanging on my side I do remove.Contact your local housing authority or real estate attorney to find out what your state laws allow.

2 October 2017 | 1 reply
Some of the debt is their student loans, some are credit cards which some says the person is an authorized user on the account and then there are 2 auto loans.

6 October 2017 | 10 replies
At the end of the day, the sun will rise and set on IF local authorities want you to do this.