All Forum Posts by: Stephen E.
Stephen E. has started 20 posts and replied 63 times.
Post: Checkbook IRA/ Checkbook 401K: Its is Legal or Illegal

- Rental Property Investor
- Havelock, NC
- Posts 74
- Votes 19
Thank you!
Post: Checkbook IRA/ Checkbook 401K: Its is Legal or Illegal

- Rental Property Investor
- Havelock, NC
- Posts 74
- Votes 19
It wold seems a loan function would be the better option and have the most flexibilty. What other soultions would be available that i could pursue for this kind of idea?
Post: How Do You Have Time to Be So Active on BP?!

- Rental Property Investor
- Havelock, NC
- Posts 74
- Votes 19
I have found that following the Question: "Do you have 15 minutes?". It help me take time to allow for other things and be flexible. I limit the amount non market building Social Media and place emphasis on building towards dreams and goals. BP is normally part of that. I also agree with @Mark H. that focusing on a few areas of the forums will help you get the greatest benefit.
Take a passion, find out why, and convert the dream to a realtity. Make your daily effort or using time to build towards a dream.
Post: Checkbook IRA/ Checkbook 401K: Its is Legal or Illegal

- Rental Property Investor
- Havelock, NC
- Posts 74
- Votes 19
From my understanding is the a loan feature is only available if the IRA is loaning to an investment or just a 401K.
A withdrawal would be legal in this situation for an IRA?
What limitations could i expect when using this stategy to do what is listed below? What are the pitfall for each to maintain legal aspects of each?
Goal: Convert uncollateralized personalized bank debt into a debt to that is assumed by the IRA/401K at interest (8-20%) and similar terms thereby creating opportunity for freeing more captial and increasing my ability to retain cashflow into investments at a rate that was being paid out to external institutions. See below for the idea of what i trying to accomplish.
Figures are for example and not representative of true statements or balances.
- Prior to conversion to Checkbook IRA or S401k
- Ex. $100,000 of uncollateralized debt at 20% for 72 months.
- Total payment: $2395.28
- Interest: $1666.67
- Principal: $728.61
- Conversion to Checkbook IRA or S401K. Loaned
- Ex. $100,000 of uncollateralized debt at 10% for 72 months.
- Total payment: $1753.32
- Interest: $666.67
- Principal: $1086.65
Overall increasing saving rate, debt paydown, overall ability to continue investing. Thoughts?
Post: Checkbook IRA/ Checkbook 401K: Its is Legal or Illegal

- Rental Property Investor
- Havelock, NC
- Posts 74
- Votes 19
I have known about self direct IRA but not Self Directed 401K and 'Checkbook' IRAs. I wanted to take control of my personal debt and let my IRA benefit from the loan but still maintain tax preference.
- What circustances and conditions would i have to follow for this to be legal?
- What kind of reporting is needed for this to maintain a legal status?
- If this completely illlegal, what areas would this follow under?
Thanks
Post: $800 Negative Cash FLOW Per Month Should I Still Hold?

- Rental Property Investor
- Havelock, NC
- Posts 74
- Votes 19
Post: Is house flipping dead?

- Rental Property Investor
- Havelock, NC
- Posts 74
- Votes 19
Primary Markets are not dead but declining based upon cost to profit. What about secondary and tertiary markets. Are they still alive and trhiving?
Post: Need advice on accept or decline tenant

- Rental Property Investor
- Havelock, NC
- Posts 74
- Votes 19
Mostly, What i have is a few questions that may help you decide or enhance the overall structure
Lower Rent:
Can your business afford a rent decrease still keep cashflowing the property? Can you accept a higher turnover rate and repairs? Will you be able to average out the losses and gains or take a consistent hit?
M2M Lease:
@Thomas S. I think this a great idea when you are not sure or not very familiar with the area.
Aside: I would be careful for leasing in the Colder regions of the US. There are laws in place for some state that prevent evictions or delay them until after teh cold months have passed. Just be aware and consult your property manager.
Reposition:
Is there a way to repositon the property to enhance the overall gain of cashflow and still keep the tentant base? What is the average population to the area and what are the major employers within 10 miles? Could oyu improve the property and then attact a different tenant base? Is your property considered modern or meeting the needs of the local population?
Collections and Credit:
@Matt K. I agree that medical bills are something most of are behind or have to find ways to be creative with payment. Some companies, if you ask, will let you pay late but not report the information. The age of the collection or late report make a huge difference. My standard is after 4 years let the person have a chance if nothing new has been reported.
You could ask for a higher deposit for the property to allocated for the cost that would be incured for a leasing with a higher turnover.
Overall, Can you sleep at night with the decision that has been made with the property and your business for the short and long term?
Thoughts?
Post: ECEIA: Syndication Webinar

- Rental Property Investor
- Havelock, NC
- Posts 74
- Votes 19
We are hosting a Syndication webinar from Mauricio Rauld of Premier Lawyers. This will be a video based event with questions and networking held after presentation. All are invited to attend and there starting in July meeting fee will be 25 for non-member.
Post: Education in Commercial Real Estate

- Rental Property Investor
- Havelock, NC
- Posts 74
- Votes 19
Thank you! Would CCIM Institute be the only location to find those courses