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All Forum Posts by: Account Closed

Account Closed has started 10 posts and replied 96 times.

Post: How do I utilize this investing strategy?

Account ClosedPosted
  • USA
  • Posts 102
  • Votes 62

@Mat Sorensen @Dmitriy Fomichenko This sounds complicated. But I know that I can understand this with a little more information. Is there anything that I am not asking that you think I should know about doing this?

Post: How do I utilize this investing strategy?

Account ClosedPosted
  • USA
  • Posts 102
  • Votes 62
@George Blower Thanks! How would I find a self directed IRA that will let me invest in an LLC?

Post: How do I utilize this investing strategy?

Account ClosedPosted
  • USA
  • Posts 102
  • Votes 62
@Dmitriy Fomichenko Thanks for the input. I really appreciate the help.

Post: How do I utilize this investing strategy?

Account ClosedPosted
  • USA
  • Posts 102
  • Votes 62
I have read and heard about using a self directed retirement account to invest in real estate. I have a self directed IRA in a brokerage account. What steps would I need to take to use that money for REI?

Post: What are your buy and hold criteria?

Account ClosedPosted
  • USA
  • Posts 102
  • Votes 62
I would like to know what criteria you currently use for your buy and hold properties. My current buy and hold criteria are: sfr built after 1990 1300-2000 sq. ft. 3 bed 2 bath Central air/ heat pump City water and sewer basement Garage 3-5 minutes from shopping cul-de-sac or corner lot Light traffic 20% below market price $300 cash flow minimum

Post: Multi-Tenant Family Cash-Flow

Account ClosedPosted
  • USA
  • Posts 102
  • Votes 62
@Marty Summers This is a very interesting topic, thanks for posting it. By the way, I lived in Newburgh when I was a kid. On Frame Road acroos the street from St. John's Catholic Church. Small world.

Post: Landlord Forms Survey

Account ClosedPosted
  • USA
  • Posts 102
  • Votes 62
I would if I didn't have to sign in to my Google account to fill out the survey.

Post: WHO ARE YOU? What do you do besides real estate?

Account ClosedPosted
  • USA
  • Posts 102
  • Votes 62

I work for a German company that manufactures equipment and consumables for hospitals, research facilities, labs, etc. I'm the Engineering Manager for their U.S. facility. Here in the states we produce medical consumables using plastic injection molding. Its a great company and I absolutely love working there. But I also love investing in real estate and I'm trying to learn as much as I can here at BP. I want to build my portfolio to include single and multi family rental properties. Anyway, I really like the challenges of my work AND investing. I don't think I'll ever quit either.

Post: Newbie Investor in Greensboro, NC

Account ClosedPosted
  • USA
  • Posts 102
  • Votes 62

@Jason Coleman Glad you decided to join us. 

Post: Million dollar FSBO in my backyard!

Account ClosedPosted
  • USA
  • Posts 102
  • Votes 62
@Ashleigh Flowers I would be nervous too. I think everyone is when a possible deal like this comes along. Just remember that you have the the entire BP community behind you. Good luck!!