All Forum Posts by: Andrew Saquing

There has to be something that is being overlooked. I don't know what it is but some possibilities may be lack of marketing, too expensive, bad area etc..

Whether or not you decide to rent as opposed to selling your house all depends on your financial situation. does it make $$ sense to rent it ?

Welcome to BP, Kevin!

I'd like to hear the details on your Las Vegas deals if you don't mind sharing

sounds like a good deal

if you use the 50% rule you would be cash flowing $850 a month or $10,200 a year.

10,200/80,000=12.75%

could do a lot worse :)

Question to the commercial agents on this forum:

Did you start at a commercial brokerage or did you start in residential and then make the transition?

I have begun applying at a few commercial brokerages in my area and am curious what the average level of experience for new commercial agents is.

go for it the worst that can happen is they say no

Interesting idea I wonder which is more effective: marketing to those people going through divorce directly or somehow getting their attorneys to refer them your name.

Will- A little late but thanks for the clarification very helpful

Will- So in other words, by using a traditional IRA I will be getting double taxed? I get hit with UBIT when the profit goes back into the IRA and hit when I withdraw it during retirement?

Amanda- the article you posted makes it seem like Chris could you his IRA in combination with financing. I copy pasted this paragraph from your article..

If your self-directed real estate IRA doesn't have enough money to pay for the entire purchase, you can finance or leverage any income-producing property. The property is used as the collateral for the loan. Because the property belongs to your IRA, the debt must be repaid from assets within your IRA, whether it's income from the property, permissible contributions, or other assets in the IRA.

I have a question of my own though... Can you have say 60% of purchase price come from an IRA and put up the other 40% with your own cash for a SFH, and rehab it while always allocating expense for everything 60% IRA 40% cash? And once the rehab is sold put 60% of the proceeds back into IRA and 40% into cash? It seems like every article is specifically talking about buy & hold.

Thanks

The house looks like it turned out great! Do you have some before rehab pictures by any chance?

Hope you sell it quick