All Forum Posts by: Huiping S.

Will try DirectedIRA very soon also. One account is using a different self-directed IRA but the account manager is SO difficulty to get one answer easy and clear in the email: lots useless content like a lawyer's writing and hard to find one or two short sentence for an answer.

Anyone can recommended good lawyer to setup the LLC to hold few self-directed IRA and work together to buy property?

I transferred one 401k to a self-directed IRA and purchased one house(learned lots).

I am transferring one more 401k and plan to let this self-directed IRA and one HSA work together for one more property.

I didn't ask any help from the CPA yet although mentioned it to the CPA. 

Just setup matched self-direct IRA accounts and then fill the matched forms for transfer funds and then the self-directed IRA pulled the 401k from Fidelity.

The CPA reminded us don't buy STR but long-term.

I saw more and more people talking about direct booking of vocation rental. I have more than half year data of our STR, and did some analysis. I am thinking how to start the direct booking.

Can anyone have direct booking already share some information? Such as who developed the web for you, how much of the cost? or the basic process.

Thanks.

Huiping

From the media, this machine of ChatGPT seems will control the world.... I tested it with one question I have.

I copy and pasted some sentence of the answer to that woman and she not asking to see the property anymore. 

The sentence like "if there are any concerns about their ability to communicate or work together effectively". Felt so like a lawyer but no way for me to verify this.

I dislike that thinking neither: a woman asked ex- as co-sign. I believe the credit checking for both will fail, especially the woman.

I just like to see what the ChatGPT will tell me and how the quality of the answer.

I have one applicants whose income is not enough and she requested to see the property, so I used ChatGPT and here is the answer:

In North Carolina, an ex-husband could co-sign a lease as a co-tenant or a guarantor, if the landlord agrees to it. However, it's important to note that a co-signer is equally responsible for the lease agreement, including the payment of rent and any damages. This means that if the primary tenant fails to pay rent or damages the property, the co-signer is also responsible for covering these costs.

It's also worth considering the relationship between the ex-husband and the woman and whether it's appropriate for them to enter into a financial agreement together. If there are any concerns about their ability to communicate or work together effectively, it may be better to look for another co-signer or consider alternative housing options.

Ultimately, the decision to allow an ex-husband to co-sign a lease is up to the landlord and they may consider factors such as the co-signer's credit history, income, and rental history when making their decision.

Please add your comments.

Originally planned to use tranditional IRA and HSA together to buy SFR and work under one LLC. Legal person said can't put those two under one LLC and the tax will be very complicated. Lawyer suggested to have two LLC separately.

Anyone did this before and can you share your experience?

This lawyer said never see anyone used HSA to do self-directed IRA, does this true?

Thanks.

Huiping

Start to do the research very soon... 

Thanks to share!

Close to 5 month inventory looks like still not lower than past 10 years season related change ... 

Please share your thought.