All Forum Posts by: Kathleen R.

@Jon Burns Thanks for the suggestion

Rentec Direct has the right price.  Thanks for the info! 

@Tako Y.  Thank you. I will check it out!! 

@Tako Y. thanks for the response. I am not sure what key features I need. I will have to look and see what options are.  I am under contract for my first property and want to go in managing the units with a good system....not sure what that includes... 

@Stuart Gardner thanks! I would think there is something already out there that is simple and free... but maybe not! 

Hi BP'ers

Does anyone have any recommendations for Property Management Software that would be used for 3-20 units? 

I would love for it to be free but if it is worth paying for, I will consider it! 

Thanks for the help 

I work for First York. Michael Fishman is my boss... is there something you want to know? 

Hey

@Gustavo AL @David O..  On show 151 they mention buying at replacement cost- which I seriously think is impossible to buy at in South Miami... 

Can prices keep going up in Miami? And can rental prices keep going up? Are we going to have the demand for studios costing $2500 per month? Is Miami going to be like San Fran? And what about all the luxury buildings being built... is there a demand for that or will those not fill and will the market correct? 

:) Katy

@Brain Eastman 

THANK YOU! 

Hey BP! 

I'm on the hunt for a good CPA! I need someone who knows about SDIRA and just wondering what questions or what I should look for when calling/interviewing CPAs.

How did you find your CPA? 

Hi Everyone! I'm new to BiggerPockets.com and am learning so much. I need to brainstorm ideas with regarding my situation so let me know what your thoughts are! 

My goal is to leverage my money, I have saved in my ROTH IRA ($70,000), to purchase a multi unit building or multiple properties to generate income for retirement.

My Current situation: I'm an Independent Contractor, not making very much per year. I have Perfect Credit but do not have money to put down other then what I have in my ROTH IRA.

I've thought of a few options:

1. Pull out what I've contributed, get a non transitional loan at a higher interest rate with 30-40% down on a property. 

2. Put it into a Self-Directing IRA and use the money as a down payment or multiple down payments.

3. Start a S-Corp LLC, start a 401k sponsored by the S-Corp LLC, do a reverse tool over from my IRA to 401k and then take a loan to myself out of the 401k and buy real estate.

4. Find an owner willing to do a land contract with only $10,000 down, so I don't have to touch the ROTH IRA... I don't see this done in Miami... maybe I should go door knocking?

Any other ideas? Thoughts?