All Forum Posts by: Rubin Thomas

Hi

I wanted to hear the opinion on self directed IRAs?

I have a good friend who I have some interest in working with. Looking at about 20k from my retirement at 15% and 1 year term.

What questions should I be asking? Anything specific that I need to ask for in the contract? Any advice would be greatly helpful!

@Erin Auman keep your head up and keep churning! have you thought about seller financing?

@Alex Vidal im interested myself as well! sending you a PM

@Drew Eldridge im in Healthcare as an MD and started myself about 6m ago. surprisingly, not too many of us

@Seth Michael McNamar welcome!

@Junior Picanco this is awesome! I'm looking to OOS investing but skeptical bc of the lack of contacts and experience. sending you a PM in hopes to connect!

so my rental has been sitting on the market for a month and a half now. I've gotten a few showings but only one really interested prospective tenant who actually showed. everything on their app and credit report look good. I also have a good vibe about them. only concern is that they have 4 dogs, 3 of which are American pit bulls that are around 40 pounds each. 1 is a pomeranian. I have a monthly pet fee for each pet ($50 for one and $35 for each thereafter). my thinking was that this fee should more than cover any potential damage I can think of. but I'm still a little weary. should I rent to them?

very motivating! hoping to be in your situation in a few years! best of luck on your journey, you'll do great!

welcome @Sarah Hunter

im just closing in on my first rental myself and its a steep learning curve. try your best to appreciate the journey. your perception of the obstacles you will face will determine your outlook - so try your best to view those hurdles in a positive light!

thanks @Account Closed - i see the higher coc % but the monthly cash flow is less