All Forum Posts by: Dan Call

Hi, I am looking for creative solutions for an investment in a property in Ireland. My parents have been given land on which to build in Co.Mayo in western Ireland. The home is more more than 75% complete and there is plenty of money left over to finish the project. I suggested that my parents take out a mortgage to finish the property (95k) and invest the additional funds elsewhere as opposed to owning a home free and clear. The trouble is that the banks in Ireland will not put debt on a home that is free and clear. That would mean that my parents would have to spend the cash to finish the home, and not have the funds to put towards other investments. The are going to run a bed and breakfast out of the home when it is completed, however I believe that investing the larger sum now would be a significantly better option. Is there anyone in the BP family that could offer another possible solution? I.e. US banks, or others that lend on OCONUS properties...etc Thanks, Dan

Welcome to BP

Jake Thaxton Send me the details. I live just up the street from Remington. Dan

@Michael C.,

Welcome to the site.  I live right here in your neighborhood.  I am an active duty military guy and an investor/agent part-time.  My advice is to jump right in and start asking questions.

Let me know if there is anyway that I can help.

R/

Dan

@Chris D.,

Thanks.  I look him up.  I really appreciate it.

Please let me know if there is anything I can do for you.  (I am up your way often)

R/

Dan

I agree wholeheartedly with @Matthew B., wire them together!

R/

Dan

@Richard Rodgers,

Welcome to BP.  This site is a wealth of information and a great community of responsive and thoughtful individuals whom are full of insight and great direction.  

One quick tip from me is to make sure that all of your posts are full of keywords.  Make sure to provide as many details as possible in your posts to garner the most response.

R/

Dan

@Todd Krzeminski,

Thanks Todd, that is helpful. I think I will be able to use this strategy in combination with a self-directed IRA to execute.

Much appreciated.

R/

Dan

Todd Krzeminski , Thanks for you joining the conversation. Was the request for cash tied directly to the property, or was it just like a checkbook line of credit? Also, was it a 50k max per transaction? Or can you borrow more before you pay back the initial withdrawal? One of my JV partners was also interested in performing and non-performing notes. Thanks, Dan

@Andrew K.,

The first question I would ask your friend is, do you invest in Ohio?  If yes, "where, how, why, and please show me the numbers on your deals so that I can get a better understanding of the market and how your deals are structured."

I have made the mistake of listening to individuals about things they knew next to nothing about....which is why I am on this site. (and presumably why you are as well, which means you are on the right track)

R/

Dan