All Forum Posts by: Maya Gavasheli

Where do you have your Self Directed IRA? Why?

Thank you! I am just starting out to research what are the rules of this game of SDIRA, so any comment  from the professional person in the field is very helpful!

Is it any recommended read, book to self-educate in the field? 

Thanks again  

For example, if I have 200k ish cash and 350k SDIRA. 

And I want to buy a house out off market, all cash ARV 700k and sellers are asking 500k..

And as I mentioned already I have only 200k ish cash, and this SDIRA, how real is it to lend the money from my SDIRA to somebody  who has  his own SDIRA and this somebody lends me back his SDIRA money... Isn't it win win situation? How legal is it?

Dear all!

I am trying to find good public adjuster in Greenville/ Anderson counties of SC, since we are talking to our insurance company, after water damage in the house, and adjuster from their side(insurance company), was already on the site. Now our insurance company giving us much less than we need to pay to our contractors. 

Please, if you know a good  public adjuster or you are one of them yourself, let me know! 

TIA

Today we've planed to have a closing on our home. Two store house with a basement, almost 5k sqft. It was almost sold, but one week ago, buyer's agent found our house full of water, because of toilet tank leaking during almost 10 days( we live already different state, and our agent worked on listing and selling our home). Buyers gone. And today we are talking with our insurance company and the same time different type of contractors, trying to dry out, and repair the house.. not really understanding what are possible scenarios that can occur next.. We don't yet know how much will pay our insurance and afraid to get from them less then we need, and we determined that what we need is close to $50k. Our biggest mistake( after that we did not put the cameras all over the house, until it would be sold ), our biggest mistake was, we never actually have read the policy, with the foolish confidence that we will never need it. Now we are talking to the insurance company, we had an adjuster in our house and we still do not have the answer, how much they will pay. However would like to understand what amount of our own money we will need to put in it. We need to understand, where to get the money - sell our stocks or use the HELOC, from this house? We already used our emergency funds, for a good investment, that we found couple of weeks ago, with the confidence, that we will rebuild this emergency fund after we will sell the house (here comes the Murphy with the ugly grin).

How much we can expect to sell this house after repairs and already not a season of selling.. How long it could take, the repairs and then listing and then all those inspections and a finally closing.. can it take 6 months? We take actions, but still? And maybe coming processes of house market crash...

If you have an experience in this, please help me to determine right steps for now!

Thank you in advance   

We are moving to DE,

and looking for rent a house for fam of 5. We want to rent 6 month, up to one year.

2 or 3 bed...If you have the rentals there, we need H.B. Dupont middle school/ North Star elementary zone there.

TIA

We are moving to DE,

and looking for rent a house for fam of 5. We want to rent 6 month, up to one year.

2 or 3 bed...If you have the rentals there, we need H.B. Dupont middle school/ North Star elementary zone there.

TIA

We are moving to DE,

and looking for rent a house for fam of 5. We want to rent 6 month, up to one year.

2 or 3 bed...If you have the rentals there, we need H.B. Dupont middle school/ North Star elementary zone there. 

TIA

I've just started to read all REI stuff half a year ago, have read several books and listened to podcasts, got to local REIA( after three week it started this corona-virus things happened, and everything turned online, as a result I did not have a chance to know people there).

I've thought about starting to implement everything I've read and heard step by step...BUT for us it is not a time to think about rentals it is time to relocate.

Now, We need to relocate from the south-east part of the US to the north-east.For this moment our primary residence has 25% of equity on it. Within 9 months we need to have it makeuped/(done several constructions) and be sold.. We want to use this money that our house has on its equity. what is the best way in our case to use this money to do all the constructions it needs? HELOC? Cash out refinance? Or is it something else we did not think?

Maybe leave this house as a rental? But we are not experienced rental owners(I believe it can turn to good rental and can cash flow), and have rentals far away for us is not good idea yet.

How to get minimum wasted money and max results in this case?
Our house has an unfinished basement and my question is :

Is it a good idea to finish it now? Will adding sqf to it add value to the house?

Can I turn a room in the basement into a bedroom and sell it not as a house with 4 bedrooms but as a house with 5 bedrooms(other 4 bedrooms are on a second floor)?

In this unfinished basement, it has one room with all pipes ready to be turned to one more bathroom..If I finish only this particular room, will it add to the value of the house?