All Forum Posts by: THU NGUYEN

Thank you all.   I have some home work todo before transfer.   Hope to catch some good investments with pretax dollars :) 

Let me look at Equity Trust and compare to Quest Trust IRA. Thanks

Thank you much 

I am looking to transfer money from Roller Over IRA to a Self Directed IRA Company to either buy properties, or do private lending, or syndication to MFU deals....Anybody has any recommendations with a company that offer low fees and good service? In Houston we have Quest IRA but $300 a year just to hold the account there plus $125 per transaction...Are those fees good/resealable/high according your experiences? This would be my first time doing self directed ira...Looking for advice.

TIA.
 

I applied 2 weeks ago (EIDL) and haven't heard anything at all.  

@Tom Bertz, so with you...you applied, and received email comfirmation that your application was received, then money just show up in your bank?  No other supporting documents you have to submit?  

@ Prasad J, same thing with you?  

Has anyone received any money from EIDL or PPP?  

@Drew Hittner:  UWM is one of my the main wholesale lenders that my broker uses.  He said it now needs 6 months reserve and no longer let broker earned lender credit so borrower has to pay for some points in order to get the loan.  Rate is higher for investment property, and fees are also higher....but to me conventional loan for investment is still the best rate that I can lock in for 30 yrs...so I am ok.  

@Mitch Messer, lenders are still lending there?  Are you taking no rent/no eviction into the picture when you are buying rental at this point?   

I read your article, great insights, THANK YOU for sharing.  Seem like B class is the way to go during this time...C class: no job, can't afford rent and I can't evict so at least a few months of no rent coming out and mortgage still need to come out :( and  A class : no Cash Flow.  

"Back in 2008 I was one of the thousands (millions?) of unprepared landlords who got absolutely crushed by rising vacancies, falling rents and plunging property valuations."....

Mitch, so with your past experience, how are you doing things differently this time?  Are you still buying currently or put the buying on hold for rental/flip?   

@Mitch Messer

Do you see a massive forclosure coming due to high unemployment - if current situation lasts for 2-3 months?  People will fall behind on their mortgage, don't have enough money to catchup after forbearance?