All Forum Posts by: S Taylor

 Thank you for your reply.  I will suggest to my friend to work with a title company.   I believe she wanted to fair since the person lived in the house a long time.  I will not benefit at all.  The 25% I threw out since she expressed that she wanted to give a 5% to 25%  reduction since they had asked her previously to buy the house when the interest rate was much lower and now that the interest rates are higher and financial she needs to sell. She thought it would be quicker and easier.

Thank again for your timely response

Good Afternoon,

Questions, 1. if you have a self directed IRA and it has been rented to the same person for 10 years, and now the person wants to buy it, can you give them credit for some of the rent paid over the years Let's say the Renter paid $200,000 and you want to give them a credit of 25%, Can you?

2.  Can you act as a Bank and hold the mortgage?   What paperwork would be required?  

3. Must  you place the property on the open market with a Realtor?  

4. How does the Self-directed owner convey the Deed when the Deed states For the Benefit Of xxx IRA now conveys the Deed to the buyer so the Buyer can write off the Real Estate Taxes and interest?

5. If the self-directed buyer wanted to move the down payment for the Self-Directed IRA can they do a roll-over to a T-IRA?

Thank you all,

Taylor

 Thank you

Thank you 

In New Jersey, must  you physically deliver NOTICE TO QUIT AND DEMAND FOR POSSESSION AND NOTICE OF RENT INCREASE to the tenant or can you mail it?  I just want to inform the tenants the rent will be increasing Next year.  Must I in person deliver it or can I mail it?

Thank you

Question, have you found a good handyman in Easton?  I am looking for one. Thanks. 

Hi I currently have State Farm insurance for my multifamily house (3 Family house) and they are expenses.  What insurance company do you use for your multifamily house in New Jersey?  Also what type of coverage do you have?

@George Blower Thanks so much for the reply appreciate your detailed information

@Dmitriy Fomichenko  and et al ....Thanks for posts.  I am quasi familiar with SDIRA so I thought I may have missed something when I read about the possibility of joint ownership.  Apparently, I have not, but it quite reassuring that there are so many folks that shared their expertise and thoughts.  I fully understand Dmitriy and @Steve C..

@Jaime Raskulinecz I am curious. How does one jointly own a property jointly with an IRA? How would one set that up?