All Forum Posts by: Eric M.

That is a prohibited transaction. Sorry. I found this guide helpful while trying to figure out SDIRAs. https://selfdirected.org/ira

I am excited to see the responses, great questions! With the amount of capital flowing into Rochester in the near future I would love to be able to participate in the growth.

The short answer to your question is that it depends on if you are still working where you have your 401k there is likely not much you can do with it. If it is a former employer's 401 K then you are in luck.

Read up on self directed IRA's for more info.

Good luck!

I use Cozy.co to collect rent. It is amazing and I cannot recommend it enough. Also it is free which is awesome. 

Way to go Adam, looking forward to hearing how it works out for you!

If you sign up for the webinar you will usually have a week to watch it. After that it is gone unless you are a Pro Member. Pro Members can access all previous webinars.

what area do you need a contractor for?

Chris Clothier , you briefly mentioned that you are exploring higher end deals that maybe wouldn't be as appropriate for out of state investors. It seems to me though that would be the exact type of deal I would be looking for as an out of state investor- a nicer property with "higher class tenants". Is it just a lower cap rate or are there other reasons you wouldn't want to offer these?

I use cozy.co and I am very happy with it. It is free if you are OK waiting a few days to get your money

Way to keep fighting!

Yes, Zillow can be off by a huge margin... It seems to be good to use for evaluating trends but not so useful when trying to figure out how much the property is worth.