All Forum Posts by: Brett Smith

@Ashley Hust

I have the property listed as a LTR but interested in doing arbitrage

https://apps.realtor.com/mUAZ/a7264505

@Richard Helppie-Schmieder

I have the property listed as a LTR right now but will to look at arbitrage.

https://apps.realtor.com/mUAZ/a7264505

@Felicia Lucco are you interested or have someone interested in this?

Yes, we are willing to look at those options, depending on how long X is and Price/Value of contents.

More details about the property and location

Property is located in Richardson, TX 4 bed, 3 bath, and media room with pool.  In a highly desirable area of Canyon Creek near 75 and 190.   

Where do I look to find the people that are looking to do master lease "arbitrage" on short term rentals.  I bought a property and and rehabbed the property with the intention of doing Short Term Rental.  This issue is we went way over budget and do not have the money to furnish or much  reserve at this point.  We could flip the property right now and make triple digits but I would rather hang on to the property for many years and keep building a portfolio of rentals.

Any advice on where to find experienced people that are looking for master lease properties would be much appreciated.

@Todd Goedeke

I have several that work over 1000 hours.

@Dmitriy Fomichenko

Are you saying for me to lend out to other investors?

@Brian Eastman

Thanks Brian, I retired from the fire department in January and have a 457 that is just not returning much and I wanted to start build a rental portfolio. I did start a business in 2019 but it does have employees so don’t believe I can utilize the other option. I have been told it is a little complex trying to avoid all the ways to trigger the taxes. Right now just trying to find the best way to leverage that money.

When using a self directed IRA to purchase a rental property, are you able to use a combination of the IRA funds with bank financing as well? Then the second part of the question is can you BRRRR the property and remove the IRA funds to use on another property?