All Forum Posts by: Vince Stanley

If you have a rollover IRA you could try to:

1) Ask for a seller carryback that is equal to the value of the down payment and the closing costs. 

2) Then take the same amount of money out of your rollover Roth.  

3) Use the rollover Roth Money to close the loan.

4) Use the seller carry money to replenish the rollover roth in under 60 days.

5) Sit back and enjoy 100% financing.

 I had known that rents rise but I never internalized that they would be so fast.  Thanks.

 I had never stopped and questioned the assumptions of the 1% Rule. Thank you for the 0.7-09% range.  I am going to revisit some of the properties on the market and sharpen my pencil.  Thank you.

 I run RIO, Cash-In-Hand, and 1% Rule on all of my properties before I buy.  I like this commentary as I am going to revisit my old calculations and see how good they were at estimating my returns.  Thanks for the insight.

I am a fix and hold investor.  In my market, the prices are going up so fast that I can't seem to make a competitive bid for a property.  I follow the 1% rule where I am willing to spend $100k on a house that rents for $1k/mo.  The houses on the market now are sold within the week and there is either poorly executed flips or fixer-uppers.  The flippers are snatching up the fixer uppers.  I want to add one more rental to my portfolio before August.  Can expect the following:

1) The flippers are buying so they can have something on the market by May?

2) The prices are rising too fast and I should raise my price a bit and hope the rental market catches up? If so, is there any rules of thumb?

3) There are plenty of empty houses in my town, should I be contacting these owners to see if I can get a private deal?

4) Should I build something from scratch?  I there any resources around that I can use to get the financials right?  I can handle the actual construction.

Amazing insight, looks like I have a little bit of work to do. This all makes sense.

Thanks

Vince

Doctors often travel and work at some hospitals for short stays. Has anyone ever specialized in this? Are there any resources you know about that I could check into.  Any information is helpful and thank you in advance.

This is a really deep answer, I will have to work through everything you have suggested.  Thank you.

Excuse me, I meant Seller financing vs rent to own.

I purchased two empty lots and put two brand new trailers on them.  They have been available for lease to own since August but I have not got any offers any my real estate agent thinks we are competitive.  If I structured these as rent to own, is there any resources or rules of thumb I can use?  I clearly would like to get these to cash flow.