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29 October 2024 | 21 replies
I like to call this a nice safety net for those that our younger and looking to save but fear locking up all their capital. 2) Keep in mind to contribute directly to a Roth IRA, you need to be under the Modified Adjusted Gross Income (MAGI).
30 October 2024 | 10 replies
I’d much rather create that reality than simply cutting down our costs and deleting all of our passive income.
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30 October 2024 | 11 replies
Give the builder a % cut in addition to money.
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29 October 2024 | 6 replies
If you set up a "checkbook LLC" for your SDIRA, then I believe (check first with your custodian and/or attorney) that you would be able to invest directly as the manager of your LLC (using the LLC's account), without going through your custodian.On the other hand, that ability to quickly invest can be a double edged sword, since I think the delay can be a good thing (it forces me to think more carefully about the syndication and take the time to make sure it's a good investment for my SDIRA).
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31 October 2024 | 17 replies
I wish you the best of luck and safety in the storm.
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31 October 2024 | 3 replies
In a bear market, it’s essential to buy well below market value and stick to high-demand features buyers are prioritizing.High Inflation: During periods of high inflation, the cost of materials and labor often increases, cutting into profit margins.
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28 October 2024 | 4 replies
But the disadvantage is that you don't have all the safety rails you have when you're buying it on the market.
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3 November 2024 | 21 replies
Could probably cut that down a little but I tend to underwrite conservatively.
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1 November 2024 | 5 replies
The seller already has given me a good deal on the property due to her being forced to return to NYC for work post-covid (seller is paying $20K out of pocket after overpaying for the property 2 yrs ago, and sellers agent is taking a commission cut to make the deal work).