All Forum Posts by: Long Lam

To answer your questions, I purchased the home as my primary resident. We moved to Dallas, and I kept as a rental.  My loan at the time was 80/20 loan.  I don't think they have anything like that anymore.  Again, sorry I didn't know it got posted on the forum.

Hi @Dan Barli and @Mitch Kiklas, sorry about this.  I was trying to update my profile.  I did not know that this got posted on the forum.  I purchased the property back in 2005.  

Investment Info:

Single-family residence buy & hold investment in Grand Prairie.

Purchase price: $225,000
Cash invested: $11,250

N/A

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $140,000
Cash invested: $200

SFH - near Dell Inc.

What made you interested in investing in this type of deal?

First home

How did you find this deal and how did you negotiate it?

My agent did.

How did you finance this deal?

two loans - 80% and 20% - zero down

How did you add value to the deal?

None

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Yes

Thank you @Account Closed

@George Blower and @Dave Van Horn, thank you both for the information. I am truly appreciate your post.

@Brian Eastman Thank you! 

Dmitriy Fomichenko Thank you for the link. Can I still get a mortgage for the rental property in my checkbook ira? If I can get a mortgage, is it much harder to get one with an LLC since I can not use any personal guarantees for the loan.

Good morning everyone!  I have been on BiggerPockets for about a year but too nervous to post anything due to lack of knowledge in real estate.  Today, I am doing it.... 

I have a few 401k accounts from my previous employers and would like to move them into a Checkbook IRA. I did some research on BiggerPockets but most of the posts are old (3-5 yrs) so I am not sure if the information is still relevant.

My questions are: 

Does anyone has any recommendation on checkbook IRA? Accuplan, BroadFinancial, or any others?

Anyone has any success buy and hold real estate with a checkbook IRA?

Thank you for your help and time!