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All Forum Posts by: Chuck Brickman

Chuck Brickman has started 27 posts and replied 73 times.

Post: Self directed "checkbook" LLC IRA

Chuck BrickmanPosted
  • San Antonio, TX
  • Posts 86
  • Votes 13

Thanks, Will. At this point it would be used for property flipping...when I think of timely bidding, paying contractors and purchasing materials I'm just not sure having the third party intervention is a feasible approach with this type of venue. I'm sensitive to the issue of prohibited transactions and disqualified individuals...as with all types of programs.

Post: Self directed "checkbook" LLC IRA

Chuck BrickmanPosted
  • San Antonio, TX
  • Posts 86
  • Votes 13

Thanks guys. The issue of a cumbersome or untimely process of payments was one of my concerns and why I was considering the checkbook IRA. I sent Entrust a note asking about the checkbook approach (they don't offer checkbook) and received a response from them heavily against the checkbook approach...yet I've also received many responses from those firms advocating their use.

Post: Self directed "checkbook" LLC IRA

Chuck BrickmanPosted
  • San Antonio, TX
  • Posts 86
  • Votes 13

Does anyone currently use this medium for their Ira? I've been getting some conflicting information about the "checkbook" approach.

Thanks

Post: Source for Bandit Signs?

Chuck BrickmanPosted
  • San Antonio, TX
  • Posts 86
  • Votes 13

Where is the best source to purchase bandit signs?

Thanks

Post: Farmers Insurance agent in San Antonio

Chuck BrickmanPosted
  • San Antonio, TX
  • Posts 86
  • Votes 13

I've been working with Greg Chandler from Farmers out of Bulverde. He's very responsive, very competitive and has a good staff.

Post: Equity Academy-San Antonio?

Chuck BrickmanPosted
  • San Antonio, TX
  • Posts 86
  • Votes 13

Has anyone had any experiences with the "Equity Academy" in San Antonio? They offer a program similar to Lifestyles.

Thanks

I know getting together is a challenge timewise for everyone, especially a one shot deal...anyone up for lunch tomorrow or during next week? How about Cha Chas on Babcock by the Medical Center?

I'm sorry guys I was off the site for a short time...were we able to schedule any get togethers?

Post: Rehab items for basic flip

Chuck BrickmanPosted
  • San Antonio, TX
  • Posts 86
  • Votes 13

J,

Thanks for your input. You do pretty extensive rehabbing....I was wondering about what ARV homes do you work with?

Thanks

Post: Rehab items for basic flip

Chuck BrickmanPosted
  • San Antonio, TX
  • Posts 86
  • Votes 13

I'm trying to get a better idea of what I should replace and what I should just simply paint or otherwise update on basic flips...say ARV is going to be in the low 100s?

I've read that some guys go in and replace windows, vinyl flooring with tile, all bathroom fixtures, appliances, kitchen counter tops and fixtures, light fixtures, paint inside and out, roof (if needed) landscape etc. I guess my question is when your profit margin is somewhat limited by the ARV of the home what's your rule of thumb for determining what can or should be replaced or redone?

Thanks