All Forum Posts by: Kevin Woodard

If you held your crypto in a SDIRA, you should be able to take a loan out on a percentage of the amount you held in your retirement account. Only problems are contribution if you don’t have enough in the account and don’t have enough to rollover. I’d reach out to a couple SDIRA custodians to confirm they’ll give you a loan on your retirement account, then an accountant to make sure you don’t incur a taxable event. 

It’s seems a bit risky on the staking side in today’s market, but that’s relative to how much you’re staking. 

Hi Christopher, what you're looking for is a DSCR loan structured for long term rentals. Shoot me a message and let's see what we can cook up!

If you are going to owner-occupy I wouldn’t stress the 2nd property / investment property. As for a loan for business purposes, I haven’t heard of one existing for own-occupied, but non-owner occupied is very viable. I can help you with the latter; however, if you are looking for the former I know someone that is good and familiar with the market (20 years lending on residential properties.) Shoot me a message and I’ll give you his contact information and let you know you’re reaching out. He has been helping my friends with primary mortgages in San Diego and I’m sure he can give you a hand as well. 

I think a good start would be podcasts. Listen to the ones that catch your attention. The unique thing about real estate is there is something that suits everyone's personality. Do you want to invest in notes, become a broker, originate loans, give tax advice, manage properties and more? Real estate is a wide reaching industry.

However, to start I would listen to podcasts that grab your attention and go from there you may find things out that you never knew about. Personally the note investing episode BP:28 Dave van Horne and an episode on Asset Protection that brought up Note Investing as the guest's strategy.

I don’t know if only option is ever really appropriate. However, the risk is the rates are higher; which could very well be the case. If you want to shoot specifics to me we can see if there are better alternatives.   

@Cheza M. feel free to reach out on the back channel let’s take a look at your current situation and see if we can find something that will fit your goals.

@Kevin O'Brien feel free to reach out. I'd like to take a look at what you have and if we can find an alternative solution. 

Hi Chad, you won't be able to do an FHA on a non-primary residence. However, I would look at the terms of both and weigh your options for what you want to do. We don't know what the rates will do, but historically speaking they are extremely low so the likelihood of the rate increasing is there. However, if you find a deal that cash-flows then the only concern would be you could've cash-flowed more with a better rate.

Regardless the rate will fluctuate as will prices. But the best time to buy real estate was 30 years ago and the next best time is 'now' (as long as you conduct the proper risk analysis!) Feel free to connect and let's see what we can plan out. 
 

If you’re looking in New York check your county’s tax collector’s office. I’m upstate and here’s the link may get you going in the right direction. Feel free to DM maybe we can work something out together. 

NYS Tax Foreclosures

To emphasize what other's have mentioned, we won't know it's coming until it's here. However, I can say that housing prices are bolstered by actions of the Fed. $2.3T of notes/MBS are on their books. It would be catastrophic to a lot higher powers to allow the market to crash. So, by holding real estate and other hard assets, you're essentially hedging the risk by following in the wake of bigger fish. I've linked a video below, it's a bit lengthy and probably a bit pessimistic from the scholastic viewpoint, however from a realistic viewpoint I can't see it happening anytime soon without a lot of heartache.

 Hazlitt, Hayek, and How the Fed Made Itself into the World's Biggest Savings and Loan: A. Pollock