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8 February 2025 | 21 replies
There are variables involved, and there’s of course skill and effort required not just calls.
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3 February 2025 | 15 replies
I'm more willing to move off "LLC B" property because of the work required to keep this going.
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25 January 2025 | 13 replies
My contract with my property managers requires my approval for any expense over $500.
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22 January 2025 | 12 replies
In your opion #2, would that require you to rent a home in Seattle?
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23 January 2025 | 9 replies
It sucks but that's what is required when you own property.
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20 January 2025 | 7 replies
However, when seeking a non-recourse lender, I suggest starting by reaching out to lenders who specialize in working with self-directed IRAs, as they’re more likely to understand the requirements.
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20 January 2025 | 1 reply
While this is a great and highly motivating goal, most people are either clueless or incorrect in their belief as to what is required to obtain this “lifestyle”.Understanding of the “how to” get there is further obscured by the misleading, and often patently false “pathways” sold by real estate educational MARKETING companies as workshops, upsold to association memberships, upsold to mentorships.
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21 January 2025 | 11 replies
.: I haven't passed this past legal review so for what its worth: Part of my standard requirements for everyone include income is at least 3X rent, minimum credit score, say 640, Clean record and no evictions as well as deposit is paid in full at signing of lease and 1st month rent is paid in full prior to handing over the keys.
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22 January 2025 | 2 replies
Additionally, lenders may require a release price (a specific amount to pay down the loan) for each property sold, which can complicate the strategy.It’s worth discussing these details with a trusted lender or mortgage broker to ensure the plan aligns with the loan’s terms.
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22 January 2025 | 5 replies
Selling below FMV treats the difference as a gift, requiring a gift tax return (if exceeding $19,000 in 2025).