All Forum Posts by: Shelly Uy tesy

Hello, I’m planning to make an offer on a lot inside a residential subdivision and the seller is willing to finance it. I have a really good credit score but I only work part time now. Me and my husband owned several real estate properties and we are not highly leveraged. This is my first time entertaining the idea of buying via seller financing. Any tip on how to go about it? I asked the agent about the terms but he told me to write an offer with my own term. Thanks!

Hello, I’m also thinking of doing this but I haven’t gotten any good source of information. I talked to the trust company managing my self- directed IRA but they advice me to talk to an accountant.

Hello,  I have a residential lot in Houston that I bought over 10 years ago and it already quadrupled in value.  I'm paying a lot of money in taxes, association fees, and maintenance fees.  I'm planning to sell it so I can invest here in San Antonio.  I'm estimating that I would probably pay around 30K on capital gains tax.  I'm not familiar with 1031 exchange.  All I know is that you need to buy a replacement within a certain period of time and it's a little bit complicated. Is there anyone that is familiar with 1031 exchange and who's done it?  I would very much appreciate your help.

Hi, how much holding fee do you charge? wants to hold it for almost a month will start April.  The rent is $2000.  Thanks!

Thank you so much!

I need help! I got a tenant who signed a Texas rental Agreement and supposed to pay security deposit and first month's rent and occupy property within 5 days as stated on the contract  he signed on  Jan 29. He promised to pay Jan. 30th but didn't not show up at the date and time we agreed on because he has issue with movers and asked that I meet him at the property February 6th but I told him that he has until 5 pm to pay or he will be on default but on Tuesday noon time I got a text from him that he cant make it due to issue with movers again. He promised  for the third time that he'll  he'll meet me  on Wednesday, the 10th day after signing contract and will send money via money gram but I refused because It's specified on the contract that security deposit, first month's rent should be in a form of cashiers check and electronic transfer won't be accepted since the company that will process payment don't accept electronic transfer and that he did not honor the deadline I gave him.   This is also the second time he promised to fed ex the cashier's check but failed to do it.  Now he's threatening to sue me for the cost of the movers and attorneys fee.  Does he have a case?  Non of the extension I gave as a favor to him because he's from out of town is  in writing.  The contract clearly stated that he must occupy property within 5 days. He did not make an effort to fulfill his obligation.  What is my recourse?  Thank you!

Hi Brian, thank you very much for sharing those valuable information. My husband recently bought a property with his IRA and I have him represented by other agent within my brokerage company and I got a referral check but I told them I can't receive it. Can they erase it from their record? Thanks!

As a real estate agent can I represent myself and my husband in a real estate transaction using our IRA?

Can I get a commission from this transaction?

Can you invest your kid's UGMA/UTMA accounts on Real Estate on their behalf to grow their money?