Kelly Taylor
Recommendations for a Self-directed Roth IRA Custodian - Equity Trust anyone?
6 January 2025 | 11 replies
I think what you’re referring to is a checkbook IRA so you can bypass the custodian when performing transactions/investing and all assets/accounts will be held in the name of a special purpose LLC or Trust which is the instrument that gives you checkbook control.
Richard Bautista
Would like to connect with a team based in Cleveland Ohio
12 January 2025 | 5 replies
I have great lenders and property managers I can refer you to.In Cleveland, it all depends on what your goal is.
David Naphy
Cash out Refi or wait
23 January 2025 | 7 replies
the cash flow you are referring to, are you attributing that to the $900 difference between the PITI and the gross rents?
John Keane
Where to find gap funds?
22 January 2025 | 14 replies
In the pitch I include just a couple of my projects from the last year as a reference to my experience.
Jonathan Baptiste
Any advice on finding dependable contractors
23 January 2025 | 10 replies
Get at least 3-5 quotes and check references.
Harrison Jones
The Importance of a Great Real Estate Agent: A Personal Paradigm Shift I
22 January 2025 | 1 reply
So, I reached out to a local brokerage, and they referred me to an agent with significant experience.This man has built a $30 million portfolio himself, and in just a couple of meetings, he completely shifted my perspective.
Conor Neville
When to approve tenants?
22 January 2025 | 7 replies
You definitely want to use a thorough screening method like rentprep.com that gets their income, credit, background check, and call at least 3 references (make sure to verify them by address/job and then their name).
Matt Weddon
Legally Rejecting Applications
2 January 2025 | 18 replies
This is a touchy subject.If you observed specific concerning behaviors during interactions, such as rudeness, aggression, or disrespect for property, these could potentially be valid reasons for rejection if documented properly.You should add one very important things to do on your checklist, past landlord references and it must be legit and find out why they aren't there any longer.
Erick Pena
Advice Needed: Identifying "Good Deals" in Real Estate Investing
20 January 2025 | 14 replies
Quote from @Erick Pena: A "good" rental property is one that covers all expenses (mortgage, taxes, insurance, maintenance, property management fees, and any other costs) and still leave a surplus (commonly referred to as cash flow).Calculate cash flow as: Cash Flow = Rental Income − Operating Expenses − DebtThere's much more to it, but that's the basic idea.
Paige Seeley
Funding for a portion of a down payment
15 January 2025 | 6 replies
Bankers are generally not aware of hard money loan options, and even if they are, they don't generally refer them when they believe they can approve a loan to you from their bank.