All Forum Posts by: Kyle Woodruff

Thank you Brian for the thought out response.  So many questions are out there about this and you really helped clarify some key points!! Bigger Pockets needs to invite you to talk on the podcast!! 

Hi Everyone, 

Like you I am listening to all the bigger pockets podcasts and learning about self directed IRA's and how those can be used for Real Estate Investments. However, I am having a heck of a time trying to figure out how to transfer my 403b to an IRA. The companies are giving me the run around like you wouldn't believe!

Anyone with experience in dealing with this space? Thanks in advance everyone and happy hunting! 

@Kim Meredith Hampton

Thanks Kim. Property needs some updates for sure but I was able to buy on seller finance so I'm looking at fixing up the property before I refinance. I appreciate the education. This is scary stuff, but scary in a good way..like riding a roller coaster lol

@Kim Meredith Hampton

Okay so my rent and storage unit total is $2085 a month multiplied by 35% would give me roughly 1335. Multiply that by 12 gives me 16,260. Purchase price of $105,000.

16260/105,000= 15.4% ...did I do that right?

@Kim Meredith Hampton thank you for the reply Kim...she hasn't provided financials ..just what she charges for the housing and storage units. I have been researching and I'm hearing you can find the value by taking the NOI and dividing by the cap rate in the area but I am having a heck of a time figuring out how to find cap rates in my area lol

Looking for some expertise in the area of evaluating a commercial property. It's a 3 unit with 13 storage units. It is a unique property and I'm having a heck of a time trying to get an evaluation...I've been googling cap rates and I'm having a hard time grasping the concept because what I read says to base the cap rate on buildings in your area but how do I find the average cap rates ? Help

Thank you Jeff. So much appreciation for the insight from everyone! I will post an update ! Pretty nervous about discussing my first seller finance offer to the seller. 

@Jeff McKee what a great resource...which analytical tool would I specifically use on the website? I'm using my phone and it's hard to navigate the site

Thank you Adam for the feedback!! 

based on the number I ran I would be potentially be cash flowing around 950 a month