
11 April 2012 | 14 replies
As I mentioned, I'm aware you can partner on the deed with your IRA, but also the cost of setting up a SD IRA through a trustee is around 2k I believe, which with not having a pre-existing fund to roll into is a huge portion.I would think that for a casual investor, who still is employed by a company, the SD IRA would be a great advantage to buying cash/hard money especially if they have been investing into their IRA/401k for a while, and don't plan on quitting their job to do RE full time.Believe, me I love the tax deferred concept, but again as far as creating accessible income streams, I'm just having trouble seeing the advantages.

10 September 2016 | 9 replies
Possibly as for a change in the lease where the landlord is responsible for the damaged appliances, or if it stops working due to the preexisting damage you are not responsible.Normally, You wouldn't be responsible for any preexisting damage to the unit itself, it sounds like they're trying to squeeze in some hopeful replacements.

7 July 2022 | 23 replies
The pros as you’ve stated, can be:-less maintenance as it’s a brand new property and things shouldn’t be breaking down, which as a new landlord is like operating with training wheels, as you will less likely be overwhelmed with constant maintenance requests-everything is in brand new condition which is appealing to prospective tenants, which can also allow you to rent out for higher amounts since the condition can make it more desirable compared to other options-the warranty (mine was 1 year) is very comforting to know you have it to fall back on-I’m under the impression that typically older/pre-existing properties have higher potential for cashflow, however, I feel that contrary to that belief, a lot of new construction fourplexes here have higher cash flow potential due to the higher rents you can charge.My current new construction fourplex cash flows pretty well, due to it having rents closer towards the higher end of the market, although the higher quality finishings make the apartments very desirable.Searching for my second fourplex, I’m leaning towards a pre-existing fourplex around 15-20 years old, as with the typical price point, it will allow me to have more funds leftover going into my third property.I’m pretty sure I know which new construction fourplexes you are referring to with that purchase price, as a buddy of mine lives in that city (if it’s what I’m thinking) and he was considering buying one of those new construction properties and the expected rents make it seem like it should be a solid investment.

20 November 2015 | 22 replies
Also, to build one from the ground up is far more expensive than purchasing a preexisting one, and considering that the real value in MHPs lies in the lot occupancy of lot-lease homes, I wouldn't even think about developing a new park in the South East.

22 March 2017 | 19 replies
There is an exception for properties that meet the Delayed Financing guidelines.Delayed Financing Rule:A rental property that was purchased within the last six months is eligible for a cash out refinance if:The new loan amount is no more than the original purchase price plus closing costs.No mortgage financing was used for the purchase, unless the financing was on another property.The transaction was arms-length, meaning the seller did not have a pre-existing relationship nor a financial interest in the sale besides the sale itself.The buyer has a final Closing Disclosure (final settlement statement) showing the purchase price and other details of the transaction.After speaking with my loan originator, i may qualify for the delayed financing rule.

6 March 2013 | 15 replies
Some combination of pre-existing assets and cash to invest, know how, connections, luck, tenants, flat out chance, and rental market could all be factors.

9 September 2022 | 6 replies
In 506(B), the LPs do not need to be accredited but there must be a preexisting relationship between the GPs and the LPs.

13 May 2024 | 3 replies
Ike - I'm with Doug on this one.Credit Unions / Local / Regionals are great if you have a pre-existing relationships.

18 May 2020 | 22 replies
On the other hand, over 160 million Americans have chronic preexisting conditions that makes it more difficult for their immune systems to handle the disease like a young and healthy marine.

18 July 2018 | 32 replies
Literally, you can not invest in the deals that I have without a pre-existing relationship (pesky SEC rules)You might want to check before going off on a rant.