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All Forum Posts by: Neil Smith

Neil Smith has started 16 posts and replied 35 times.

Post: IRA funds as down payment

Neil Smith
Pro Member
Posted
  • Posts 35
  • Votes 16

@Dmitriy Fomichenko, follow-on question on this topic. Do you happen to know if existing traditional IRA funds from outside of a business that I own can be transferred inside of a Solo 401K plan?

Thanks for the intelligent info. and contributions on this topic. 

Neil

Post: Need Input From A Property Manager in Detroit

Neil Smith
Pro Member
Posted
  • Posts 35
  • Votes 16

Really helpful info, @Drew Sygit. Thank you. 

Post: Need Input From A Property Manager in Detroit

Neil Smith
Pro Member
Posted
  • Posts 35
  • Votes 16

Thanks @Jonathan Greene.

@Drew Sygit, direct message sent to you.

Post: Need Input From A Property Manager in Detroit

Neil Smith
Pro Member
Posted
  • Posts 35
  • Votes 16

Detroit-area property managers,

I'm looking at a SFR fix-and-flip property in Detroit that is on a moderately busy double-yellow st and across from some multi-family units. I'm wondering how these aspects will affect the rentability and resale value of the property. Looking for guidance from property managers who operate in the Detroit area.

Neil

Post: Cold Calling Scripts

Neil Smith
Pro Member
Posted
  • Posts 35
  • Votes 16

Thanks @Gustavo Munoz Castro

I'm planning to use VAs to help with the first part that you mentioned - qualifying homeowners based on interest in / willingness to sell. Do you offer cold-calling services, through your call center, to other investors? -Neil

Post: Finding Off-Market Properties

Neil Smith
Pro Member
Posted
  • Posts 35
  • Votes 16

@Jacob Sherman. Thank you for the suggestion.

Post: Cold Calling Scripts

Neil Smith
Pro Member
Posted
  • Posts 35
  • Votes 16

Hi BP friends,

I'm looking for cold-calling scripts to use when reaching out to off-market property owners.

I would welcome any scripts or guidance from people who have had success in this area.

Thanks in advance,

Neil

Post: Finding Off-Market Properties

Neil Smith
Pro Member
Posted
  • Posts 35
  • Votes 16

Hi BP friends,

I'm looking for cold-calling scripts to use when reaching out to off-market property owners. 

I would welcome any scripts or guidance from people who have had success in this area. 

Thanks in advance,

Neil

Post: Deferring taxes on profits from sale of primary residence?

Neil Smith
Pro Member
Posted
  • Posts 35
  • Votes 16

Super helpful! Thanks, Kislay. 

Post: Deferring taxes on profits from sale of primary residence?

Neil Smith
Pro Member
Posted
  • Posts 35
  • Votes 16

I have a potential client who owns a home in Boulder that is their primary residence and it worth ~$1.3M and they have >$500K of equity in the property. They're wondering if they sell and put all of the proceeds of the sale into another primary residence, do they still have to pay taxes on the profits from the sale that exceed $500K? They would utilize provision 121 and not pay taxes on the first $500K.

Thanks in advance for any guidance. 

Neil