All Forum Posts by: Julian Buick

@Matt Gragg I'm interested in working with local rehabbers and what you just said is exactly the type of people that I want to work with. I'm on the lending side and am looking for more opportunities to put my funds to work. I'll PM you

Hi @Brandon Borchers I'm currently JVing on a fix and flip in silverdale. My partner is managing the rehab and I am funding it. It seems like there are a lot of opportunities in the Olympic peninsula since the price range is a lot lower than in Seattle. I think you've picked a good market to invest in. Good luck. 

@Matt Gragg I don't know about being top rated. I can't imagine many people would consider themselves not top rated. Where are these ratings compiled? What exactly happens from being part of your client base?

When lending private money is there a downside to having your own name on the recorded documents? I'm wondering if I should create a trust with me as the beneficiary to provide a level of anonymity. Although I'm not sure what I am protecting myself from. Is there a likelihood of someone trying to sue me for lending private money?

I've been involved in funding some rehabs and JVing on some deals. I was wondering if there are things an individual can write off on their taxes. For example, business lunches with clients, trips to go visit properties (either gas expense for local flips or travel expenses if investing long distance). I'm just looking for suggestions, I'm sure a tax attorney could give me the advice I need specific to my state but I don't have an attorney yet so I'm just trying to get a feel for how much is acceptable. 2 business trips a year? 10 business lunches? or nothing at all, since I don't have a business.

@Chad C. are you planning to manage the property yourself? If you are, I don't think using a SDIRA is the best choice. You aren't allowed to "work" inside your IRA. It must be an investment. You can hire a property manager but all expenses related to the purchase, management, maintenance etc. must be paid for from your SDIRA. If you even pay for one light bulb using your own funds (not from your SDIRA) you will be violating the IRS rules and risk forfeiting your tax free status and will be subject to penalties.

@alb

@Kevin Moen

 You might want to check this out

@Bob Malecki @Mike Hartzog Good opportunity to meet more investors. 

@Andy Pillinger want to make this one? You'll probably be in the Rover that night anyway. Haha.