All Forum Posts by: Laurie Snyder

Thank you!  I'll have someone else write it up for me.

I am a real estate agent and ready to buy a property using my Solo 401K.  I am not permitted to be paid a commission on the transaction or it would disqualify it...however, can I waive the commission in lieu of a reduced price...or is that still considered a benefit to me?  Same line of thinking...can seller pay only for the fees my brokerage will charge me? 

Hi, William.  I am a Meadville REALTOR© with eXp Realty.  We should get together for a chat sometime!

Getting ready to purchase a deal with family and looking for some advice on structuring. Property would be a short term rental/event venue with historic significance to the community and a great location. One family member has cash to invest, but doesn't want to deal with it otherwise. My sister and her husband would like to partner with my husband and myself on actually fixing, maintaining and running the business. We would need to either combine our separate lines of credit or get a commercial loan to cover 75% of the deal + renovations, holding costs and cap ex fund. We are thinking of creating an LLC for this venture and any others we may want to take on together in the future if things go well. Any advice on the best way to structure with 2 active partners and 1 silent? We have only ever used single member LLCs for our own deals. Thanks in advance!

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $275,000
Cash invested: $50,000

3 bed/3 bath home with attached 2 car garage, detached 2 car garage and office space, and outbuilding.

Does anyone have a good, simple balance sheet template they can share?

They definitely work and a much more economical choice if you can squeeze another year or so out of the old ones!

We just had one of our units go through a yearly section 8 re-inspection.  5 of our older, but still functioning windows wouldn't stay up without being propped and the inspector told us about $5 clips you can buy at the local hardware store to fix the problem.  Took less than 40 minutes to put all 5 of them in.  

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $82,000
Cash invested: $50,000

Upstairs/downstairs duplex. Upper unit is a 2/1 fully remodeled, furnished unit renting to traveling nurses.

What made you interested in investing in this type of deal?

Heard about renting to traveling nurses on Bigger Pockets Podcast

How did you finance this deal?

Used a HELOC to purchase and rehab

How did you add value to the deal?

Did a full remodel of the upstairs unit including windows, flooring, kitchen and bath, addition of laundry, AC and all of the furnishings.

Hello!  We invest in that area and would love to connect!