All Forum Posts by: Hollis G.

Thank you everyone. @Chris Martin thanks for the information on NC. Glad we live in the same state.

Does asking a question in an ad ie: "Is your money earning you 8%, 10% or even 12% Returns?", and then supplying someone information on Trust Deed/Private Note investing, in violation of SEC Reg 506 D ruling in regards to general soliction to the public? I understand the exempt status for accredited investors...but I guess I'm wondering how does a certain company(first name starts with "Equity" last name begins with "Build") that I have seen advertise in a similar manner does so, and not be in violation. Or am I just off in left field?

Good job Mark Kumm!!!! gives me more motivation.

Please forgive the question if it has already been asked and answered. I was searching around BP, but did not see anything on this topic or at least the question being asked.

If a SDIRA Investor uses their SDIRA to fund a project of mine @ X% interest. I purchase and rehab the property and then resale it. I pay them back their funds plus interest, is the private investor’s SDIRA now subject to UBTI? I have been reading the IRS publication on the subject, and it does not clearly say to me. Like reading the Bible in Greek. (I have my degree in Biblical Studies w/Hebrew as the major language and Greek as the minor…LOL.)
Can my BP Veterans shed some light on the subject for me?
Thank you in advance….
Hollis G.

Welcom Nicholas Demers, I use to live in Syracuse, before I jumped ship for warmer weather here in the Carolina's. When you are ready, I still some RE agents that I still keep in touch with there, that could be of some benefit to you. Let me know.

Hollis

Greetings from Greensboro, Kevin. New myself. Maybe we can walk the path together share some ideas, and build a friendship. :)

Wayne Brooks - Thanks wayne. have you had much success working with agents on SS's?

In the BP experience, would one say it is better to work with a Realtor to negotiate SS/Pre-foreclosure deals?

There is a property that a co-worker of mine has listed for sale, and it is a short sale. What has been the experience of investors here when working with a Realtor on a short sale deal?

House – 5 year old Coloinal, 4 bdrm, 2 ½ bth, 3200 sq ft. 2 car garage, nice yard, with large backyard, with screen porch that can be made into a sun room. Located in a cul-de-sac. List price is $225K. There is a new subdivision close by where homes are being built that are smaller in size with 3 bedrooms. These homes are selling for $210+

Tom Goans - no disrepct felt here at all. swift kick in the pants, more so. I appreciate the advice and point in the right direction. THANK YOU.

Jason Dillard - and - Catherine Wynne - thank you both for the advice as well.

Thank you Stephanie Anson and Dean Letfus