All Forum Posts by: Kelley B.

We are considering having my wife get her RE license for the obvious benefits. 

With me not having a license, does that create problems with mailers and other lead generation? 

Making offers? 

Selling?

Can she just present herself as a buyer's agent, for me?

We absolutely do not want to do anything unethical or illegal; just trying to understand if her license would be an asset or would it be a liability to our rehab/sell - rehab/keep business plan.

Thanks @Steve Olafson  We just joined AZREIA. Seems like a great group of folks.

We're on the cusp of starting our REI business and would like to partner up with a pro in the beginning to help us determine where our niche lies.

We're thinking about starting with a mix of fix and flip and buy/hold but also wanting to learn lead generation. My wife is about to retire and immediately go after her real estate license. We're thinking that she starts off in a property management company to better understand the business.

Any help would be appreciated.

 Same here.

Thanks @Brian Eastman Yes, IRA LLC. I was concerned that would constitute 'work' and should probably be hired out.

The more questions that I ask, the less attractive that an IRA LLC looks for a rental property :(

How does an eviction work if you hold a rental home under a SDIRA?

I did it when I sold my primary residence in Texas but made the lease-back part of the contract. I was moving out of state and was not sure that the buyers (spotty credit) would close. I also did not have a house locked down yet in the new location.

No big deal. Happens all the time. I kept full insurance coverage on the house.

I agree with @Andy Collins here. I don't blame a person for trying. I try when I'm making a significant purchase. Just back your price up with well-researched facts. The market will ultimately tell you what it will rent for.

Thank you guys. Much appreciated.

Sounds like an avenue to explore.

Good job! I'm almost 'there'. Been reading everything that I can for the past 2-3 weeks. Doing an Investment group meetup this week. Ready to get out and make some offers so I can make a post like this!