All Forum Posts by: Tim Kersting

@Chris Low - Actually, its the house I live in now. I used it in the bathroom, and I couldn't be happier with it. Depending on the previous installation, you may need to replace the cove base to finish it off, but that's pretty easy. 

We didn't use any underlayment on our installation, so that's the only thing I may have done different. But all in all I like the product. Just be sure to read the directions....what I initially thought was a bad tile, turned out to be good...I ended up ruining it because I didnt read the directions.

excellent! Thanks @Brian Eastman.

@Stephen Harris ...Sirry if i took over you post...

So YES...the money can be invested through SDIRA, but it would seem a BRRR strategy would not work here?

It would seem if the IRA did invest in a property and then BRRR'd it, the IRA would have to invest in the second property, third, and so on... Eventually, if the individual wanted to take the profits to purchase a property outside of the IRA the extra tax would be applied.

 Am I getting that right?

You must've received a notice similar to the one i received... Lump sum payout in lieu of waiting for monthly payments upon reaching retirement age. (well that MY situation anyway)

I've been wondering the same thing though. Rollover to IRA, Annuity, or hopefully investment prop...dont want to pay that extra tax though, for sure.

Welcome @Matthew McDonough.

Way to represent the bay! ;o]

I already posted a question about this, but maybe i made it too confusing of a question because I got no replies. 

So here is a more basic version of the same question.

I currently am renting a house with somewhat of a deadbeat landlord. And he appears on paper to have plenty of equity in the house. The house needs a decent amount of work that would No Doubt set him back some cash. [Roof, plumbing, driveway]

I would like to offer to buy the house from him and see if he is willing to finance the deal. The problem is I don't have a down payment.

The question is... What's the best way to structure such a proposal?

The house is in Hayward California most of the comps in the area are going for about $420 k. He bought the place for $70k and then pulled some Equity out for about $120k...about 15 years ago so if he's making all the payments he should be close to halfway done, or better.

I'm sure renting out the property is nothing but a cash cow for him... So talking him out of it might be difficult, but I'm willing to try. Any suggestions on how best to make this a win-win proposal?

I've lived in the place for about 8 years and pay $1,500 rent... which is ridiculously cheap for the area... In case that matters

Thanks in advance for any insights or advice.

I used to have a retired/rescued greyhound. ...awesome dog, I miss him.

Funny how passionate we get about our furry friends.  This thread heated up!!  Lol

We do tend to only see our family dogs good traits...I very much agree with that. 

The fact is,  regardless of how biased we may be one way or the other...dog vs. no dog,  pot bulls vs. "other breeds"...it IS a business decision and a liability that each person involved has to be comfortable with. some may believe it is in their best interest to allow pets.  Some only allow pets of a certain type or up to a certain size. Some don't allow them at all. 

At the end of the day,  our comfort level determines our decisions and we justify those decisions with logic.  

to reiterate @Account Closed sentiments. 

I live in an area where a lot of people have pit bulls, I also have one. Unfortuantely, people often get these dogs because they 'look' tough and train them to be tough. This overshadows their true nature which is to be part of a pack. 

Pit bulls (like any other dog) will protect its pack (family) when it feels there is a threat, however, proper training will keep them from unexpectedly turning on someone...no matter what the media would have us believe. Training will tell it what IS a threat and what is not.

My pit bull is one of the best dogs that I have had the privilege of being owned by. I have 8 or 9 nieces and nephews that crawl on him, pull his tail and ears, and he doesn't even flinch at them because he has been trained right. I trust him with young children as well as adults he just met even when I'm not around because of his training.

Now getting off my high-horse...I agree the insurance broker should be consulted and if it was me, I would want to meet the dog and see what kind of training its had as well as its temperament. Because just because someone has a job that requires responsibility doesn't mean they are a responsible person.

Just my 2 cents...