All Forum Posts by: Sharyn Mousseau

Wow! 😀🙏🏻 Thanks for all the great suggestions guys!! I appreciate you taking the time to share your referrals and opinions! I'm excited to reach out to these contacts! Clearly, according to your votes of confidence, @Dmitriy Fomichenko will be my first call!!

1 Vote

Las Vegas, Nevada

Hey friends! We have decided to transfer our current retirement investment accounts (Solos 401Ks & IRA) to self directed ones to purchase real estate. There are so many fiduciary and custodian companies. Obviously, I know the cheapest isn't always the best so in light of finding the best overall, I'd love to hear which ones have served you well and what you love most about them as well as ones to stay away from. Thank you in advance.

0 Votes

Las Vegas, Nevada

Quote from @Michelle Figueroa:

Quote from @Pamela Gordon:

@Sharyn Mousseau believe it or not I funded my first property through my Self Directed IRA and it has worked great. If I had more money in it I would fund more deals that way. It is a great way to invest.

@Trevor Riley the biggest challenge I have now is funding my next deal. The traditional route wants 25% down and I want to put down more like 15% but maybe I'm not being realistic. Was also thinking about trying to find a seller finance deal in the Greensboro, NC area.

Have you looked into using hard money to fund your projects and then BRRRR-ing them? There are some good hard money lenders, like Sherman Bridge, that fund deals in the Triad. They can fund up to 90% of the property and 100% of the renovation. They can also secure funding within a week which can be super helpful when trying to lock down the fast moving deals.

Thank you Michelle. I appreciate your suggestions and will follow up on those.

1 Vote

Quote from @Pamela Gordon:

Thank you Pamela! I appreciate your testimonial on that!

1 Vote

My biggest challenge is finding financing for my next opportunity. Originally we were trying to find someone to finance my portfolio of 5 properties that we paid cash for. Individually they are worth on average of $60K; each netting anywhere from $550-1100/mo. I'm finding it frustrating. I talked to local banks (to the homes) and since I do not live in the state my properties are, they won't lend. Other portfolio lenders I spoke with have a minimum loan of $50K per property at 75% of the value...so I just miss that mark. I'm considering rolling my IRA into a Self Directed IRA (& Learning all the rules to that) and going that route to finance our next purchase. I'd love other suggestions on leveraging the properties I have or other strategies I'm missing....I'm new at this!

6 Votes

All Forum Posts by: Sharyn Mousseau

Sharyn Mousseau has started 1 posts and replied 5 times.

Post: Referrals wanted for self directed Solo 401K /IRAs.

Post: Referrals wanted for self directed Solo 401K /IRAs.

Post: What is your biggest challenge right now?

Post: What is your biggest challenge right now?

Post: What is your biggest challenge right now?