All Forum Posts by: Charles Brown

Thanks for sharing your insights.  I too just gave up my W-2...you've started 20 years ahead of me though. :-)  Continued success!

Just as I thought.  I know this post is three years old but I'm new and just found out about birddogbot.com.  Your feedback Brian Kelly was helpful.

I am trying to obtain an electronic version of the Maryland (MD) Residential Contract of Sale form that can be completed electronically on my computer. I have a blank pdf version that can be completed by hand. In MD you need to present purchase offers using this form for properties listed on the MLS. Can anyone help with this?

Thanks

Thanks for the call.

Teri,   Actually I was treating the purchase and rehab amounts as one i.e., a "mortgage" but wasn't clear as it related to capturing them in this calculator.  I've been using MS Excel but wanted something better so I used the calculator just to try it out since I'd never used it before.   This is a property that I'm running numbers to make an offer not something I've done.  Thanks.

Brian/George, I would not be doing anything personally regarding the deal or rehab other than signing paperwork and attending closing as my IRA "representative." What I'm trying to get at and apparently not doing a good job of explaining, is how those IRA funds show on paper in my profit calculation using the BP fix and flip calculator.

When using the fix and flip calculator where would I capture repayment of IRA funds used to cover rehab costs? For example, if I plan to use $20,000 from my IRA to cover some rehab costs, where does that get recorded in the fix and flip calculator analysis to account for those funds being returned to my IRA after the property sells? Are they just part of the estimated rehab costs number I used or should I be doing something additional?

Thanks.

George, yes I'd appreciate taking a look at your template. 

Carl, I have received from my custodian the verbiage I need. Thanks for your help.

Thanks Carl. Sorry for the confusion but the IRA is the borrower in this case that's why I made the reference to "note issuer." I have some individuals that are lending me funds to acquire property that will be titled in the name of my IRA (since my funding is from my self-directed IRA). I need the non-recourse note to document the loan as a requirement for the IRA acct. Please forward the clause.