13 September 2018 | 1 reply
The loan and title are currently in his name, and we signed a contract (non-notorized) to be 50-50 partners.
16 September 2018 | 5 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.)
17 September 2018 | 8 replies
Each time i turned the property into a rental and hired a PM.
11 September 2018 | 1 reply
Make sure if it is a corporation that the person signing has full authority to bind the company to the lease and you have it notarized.
21 September 2018 | 12 replies
Or if you charged the same price, but had fewer turns.
29 September 2018 | 4 replies
(not so important but if they only require 15% down on a single family home that is usually a good sign that you are working with a flexible lender) Can I change title to my LLC?
11 September 2018 | 1 reply
That same day the offer was signed, another agent from the same office held an open house (without our explicit consent, post offer acceptance).
12 September 2018 | 15 replies
Tenant insisted the realtor and I do not turn on any lights or allow her cats out .
11 September 2018 | 3 replies
We turned it into a rental and has been cash flowing for over 2 years, so I believe that should not count against us while applying for another loan.
13 September 2018 | 3 replies
I have a sale leaseback deal with a single tenant that will sign a ten year lease.