All Forum Posts by: Alexis Bliss

Correct, Brian.  I'm looking to find the same functionality coupled with much better customer service.

@Brian Eastman.  Yes, that is my understanding.  Can you recommend a few I might contact to replace iPlan Group (my current SDIRA) and Ascensus (my current solo 401k)?

This topic has been around forever, but it's now 2019 and the landscape continuously changes. I'm looking for a self-directed IRA which will let me hold a variety of asset classes (I currently hold cash, a mortgage note, and real estate) and offer 401k-style loan functionality (perhaps through a third party). Any suggestions?

I have assets to roll over from iPlan Group (SDIRA) and Ascensus (401k).

Thanks!

Hi, Chris.  I just sent you a message.

It sounds like things have gotten very heated.  So, first of all, I suggest you avoid any further interaction until you have a chance to learn what your next steps need to be.  You definitely want to be perceived as the "good guys," especially if this does have to go to court, where your adversary will come armed with all your communications and actions to paint you as "bad guys."

Immediately, as in as soon as you're done reading this, you need to get in touch with your partner's broker and make them aware of this matter.  It's the broker's job to advise agents how to handle sticky situations, and even to get directly involved. A good broker will put a prompt smackdown on anyone (especially older, more experienced agents) hassling their newer agents. If your partner is very "new" to real estate, they may have discovered yet how to utilize their broker for exactly this type of thing.  I'm very surprised the broker didn't go kick some fanny over that $10,000 discrepancy!  That would never have gotten by mine!

ASAP, speak with the attorney who represented you in this transaction.  If you didn't have an attorney, place a call to a local real estate attorney.  Must be local in YOUR market, and must specialize in real estate so that you're sure they know all the ins and outs of local real estate law.  Attorneys are usually willing to give someone a quick phone consult (especially when vulnerable people get bullied).

Once you have a clear path forward and know exactly what you need to do, THEN reengage with your adversaries but keep your communications short and formal, and only those required by legal process.  No more long emails!

So sorry you're going through this.  Best of luck.  Start with the broker.

One of my clients told me it took him three years to foreclose, and he said it cost him an additional $20,000.  Some of my favorite local real estate attorneys are:  Frank Josef, John DiLauro, and Joe Frateschi.  I don't have my phone handy, but you can get their numbers via Google.  If you reach out to them, mention my name.

Please be careful with tax lien investment in Syracuse.  I'm sorry to report that I've picked up some listings from out-of-state tax lien investors who got bled dry.  Foreclosure is one possible outcome of this type of investment.  If the process were fast and cheap, that would actually be windfall to you.  But in New York State, foreclosure is a very long and expensive process.  I would suggest talking to a local, Syracuse real estate attorney about the risks associated with this type of investment in this specific market.

Hi, Jay!  I'm a real estate agent and buy/hold investor, and I'm bullish on Syracuse NY.  I have a little portfolio of 10 doors (eight of them acquired with financing), and they've been very good to me!

Hi, Tim.  I'm an agent and also a personal investor.  Very happy to communicate with you but the admins on this site require me to do it outside forum posts.  Will send you a message.

Cameron, FHA househacking is a great start. And not just a great start, but a great move anytime you can pull it off. I added an FHA househack to my existing portfolio in my mid-forties. :-) And I'll do it again soon!