All Forum Posts by: Paul Martin

I have a few properties actually owned not by an IRA, but a CESA (Coverdell Savings Education Account). Essentially a self-directed 529. The act very much like self-directed IRAs and easier to title this way in the subject line. Properties are in Pueblo, CO. I am open to local or national lenders.

Thank you, 

Paul

I am in need of a system for utilizing QuickBooks to give bottom line profit/loss for my sold properties. While my bookkeeper keeps very good books, she doesn’t have a method for automatically spitting out these numbers. I envision a spreadsheet pulling numbers from QBs. I would think someone would have a system like this in place. Thanks in advance for your help.

FYI, I'm a MA native but live in CO. Still invest primarily in MA and have a deal in Litchfield, NH now, which is how I found your thread.

Cole, 

Interest in doing intern type work to earn some chops?

Paul Marti

Maureen,

Did you find a realtor. I'm in need of investor friendly realtor for a deal in Litchfield. 

Regards,

Paul Martin

Any referrals?

Thank you,

Paul Martin

My remote bookkeeper just retired. She lives two towns over me and we’ve never met in the course of one year working together. I found her ad on Craigslist. 
Last week I contacted several more bookkeepers with ads on Craigslist and also posted my need on my personal Facebook page. After interviewing a half dozen prospects, I hired a friend of a friend‘s wife (via the Facebook post) who came highly recommended by references. She happens to be in my town, but we will likely rarely meet in person. 

Bob, Thanks for the info  

My insurance agent says I've reached the 5 property max to receive better pricing through their go-to carrier, Vermont Mutual, and will now have to bind with a more expense Massachusetts state-sponsored program. Any experience with this? Thank you, Paul

Patrick,

With the info you've provided, this appears to be prime scenario for owner financing. The basics you've covered are indeed the bulk of the deal, although the downpayment may not be necessary, or at least nothing over 5% (you may want to put down more, that's your call). I'd suggest you make certain the note is not personally guaranteed, only the secured by the property itself. Do you best to negotiate a price no more than 70% of ARV including needed repairs to insulate yourself from a downturn.

Paul Martin