All Forum Posts by: Stanley E.

Hi BP. I am beginning interviewing CPAs next week. I curently use my Self-directed IRA to purchase RE, but I am planning to transition some of my REI purchases under my LLC. What are some of the questions that I should consider asking candidates for the CPA position on my professional wealth building team during these interviews? Thanks. Stanley E.

Thanks Dan, Mark, and Bryan. This info is really helpful. Bests,

Thanks Craig.

Hi Brian. Thanks for the info. Does all of this info apply to solo 401ks also?

Hi BP. I own a SFR through my self-directed retirement account that rents for $600/mnth. I want to pre-qualify for a loan to my self-directed retirement account to get ready and purchase my next SFR. What would be the best type type of loan to apply for? What would be the best type of institution to apply for the loan with? What might be some pitfalls? Thanks. MODERATOR: THIS IS NOT A REQUEST FOR LENDERS. SUCH REQUESTS ARE ALLOWED ONLY IN THE MARKETPLACE. Stanley E.

Thanks Sergio. That is good info to know. S.Ellis

Thanks Michael. I certainly did not know that.

I would probably consider installing HVAC if the property were in a nicer area. It is actually around 1000sq ft in a lower income area, but with the initial numbers, I would have positive cash flow and get a return of my investment in about 12 months. With the advice you gentlemen have provided, I think I will consider installing window units if it has heating already. Thanks. S.Ellis

BP, I am hesitant to purchase an investment property without HVAC. Not really keen on buying one that has or needs window units. Should this concern me or should I overlook this preference and focus on the numbers/cash flow? What are the pitfalls? Thanks. S.Ellis

Hi BP. I am considering buying a SFR for renting that has fire damage. I haven't seen it yet, but I wanted to know some of the pitfalls I need to watch out for with a fire damaged property...specifically for renting. S.Ellis