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Results (10,000+)
Cathy Wilson House I'm Trying to Flip Appraised Lower than Asking Price
29 September 2016 | 4 replies
If the appraiser used different comps have your realtor submit any additional comps and include a list of repairs/upgrades that you made to the property.Good luck!
Drew Wiard Using Virtual Assistants to submit HUD offers
29 September 2016 | 2 replies
Hey guys.Being moderately experienced investor, I have done HUD's, local auctions, selelr financing, rentals, flips, etc...I have toying around with the idea of using a virtual assistant to submit my HUD offers (in and amongst other things).I am curious:1)  Has anyone been using virtual assistants to submit HUD and has it worked well? 
Demetrius Davis Chicago Deals Are Needles in Haystacks
5 June 2017 | 58 replies
My agent sent me the video walk-thru and I submitted a full price offer within hours.
Ken Betza Preforecloser Negotiating Advise
30 September 2016 | 4 replies
No negotiations can occur until after it is listed,the owner supplies all the required short sale documents, and a purchase agreement with a buyer, that the bank deems legit (POF, etc.) is submitted.  
John Kesner The perfectly timed "second offer"
29 September 2016 | 1 reply
The listing agent responds with"I will submit this but it will likely be declined, My seller already came down $30k and we already talked about reducing the price if your buyer won't take $150k."
Michelle Kocurek Buyer's Agents
4 October 2016 | 8 replies
We just closed on a commercial property a couple of months ago and about a week before closing, my agent sent me one of the forms he said he forgot to attach when we submitted an offer( a month earlier).
ZEVIA WHITE Buying a tax lien property for personal use
9 January 2017 | 9 replies
It's been 3 months since I submitted my app to the state.
Waylon Gates New member from Lake Havasu City, Arizona
4 October 2016 | 17 replies
@Waylon GatesFollowing are the similarities and differences between the solo 401k and the self-directed IRA.The Self-Directed IRA and Solo 401k Similarities Both were created by congress for individuals to save for retirement;Both may be invested in alternative investments such as real estate, precious metals tax liens, promissory notes, private company shares, and stocks and mutual funds, to name a few;Both allow for Roth contributions;Both are subject to prohibited transaction rules;Both are subject to federal taxes at time of distribution;Both allow for checkbook control for placing alternative investments;Both may be invested in annuities;Both are protected from creditors;Both allow for nondeductible contributions; andBoth are prohibited from investing in assets listed under I.R.C. 408(m) .The Self-Directed IRA and Solo 401k DifferencesIn order to open a solo 401k, self-employment, whether on a part-time or full-time basis, is required;To open a self-directed IRA, self-employment income is not required;In order to gain IRA checkbook control over the self-directed IRA funds, a limited liability company (IRA LLC) must be utilized;The solo 401k allows for checkbook control from the onset;The solo 401k allows for personal loan known as a solo 401k loan;It is prohibited to borrow from your IRA;The Solo 401k may be invested in life insurance;The self-directed IRA may not be invested in life insurance;The solo 401k allow for high contribution amounts (for 2016; the solo 401k contribution limit is $53,000, whereas the self-directed IRA contribution limit is $5,500);The solo 401k business owner can serve as trustee of the solo 401k;The self-directed IRA participant/owner may not serve as trustee or custodian of her IRA; instead, a trust company or bank institution is required;When distributions commence from the solo 401k a mandatory 20% of federal taxes must be withheld from each distribution and submitted electronically to the IRS by the 15th of the month following the date of each distribution;Rollovers and/or transfers from IRAs or qualified plans (e.g., former employer 401k) to a solo 401k are not reported on Form 5498, but rather on Form 5500-EZ, but only if the air market value of the solo 401k exceeds $250K as of the end of the plan year (generally 12/31);When funds are rolled over or transferred from an IRA or 401k to a self-directed IRA, the amount deposited into the self-directed IRA is reported on Form 5498 by the receiving self-directed IRA custodian by May of the year following the rollover/transfer.Rollovers (provided the 60 day rollover window is satisfied) from an IRA to a Solo 401k or self-directed IRA are reported on lines 15a and 15b of Form 1040;Pre-tax IRA contributions on reported on line 32 of Form 1040;Pre-tax solo 401k contributions are reported on line 28 of Form 1040;Roth solo 401k funds are subject to RMDs;A Roth 401k may be transferred to a Roth IRA (Note that from a planning perspective, it may be advantageous to transfer Roth Solo 401k funds to a Roth IRA before turning age 70 ½ in order to escape the Roth RMD requirement applicable to Roth 401k contributions including Roth Solo 401k contributions and earnings.)
Rohit Parchuri Greetings!! Buy&hold investment help
10 October 2016 | 9 replies
Do not cut any corners on a prospective deal to make it look better.Always do the math analysis and try to look at the prospective property before you submit an offer or at least have a clause in the sales contract that allows you some time (about 10 days) to make a detailed inspection without having a penalty that will hurt you too much.  
Stephanie Medellin Need Some Help Appealing an Appraisal
2 October 2016 | 9 replies
(i.e. disputing that comments were written in MLS listings after I sent the listing in with the comments highlighted;  saying that a sale hadn't yet closed when I submitted both the listing and the transaction history from the title company showing it closed 2 weeks before appraisal date)I am following all the rules and going through the appraisal management company.