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Results (10,000+)
Nichole Stohler I finally moved to a self-directed IRA and here’s what happened
23 January 2025 | 16 replies
Hello All, I took another look at their website and was trying to understand the difference between the individual Notes and the Funds.Am I correct in my thinking that ONLY Accredited Investors can do the Note Funds, while Individuals can do the individual notes?
Pamela Rivas Can foreigners buy Real Estate in Mexico? Legal process explained!
23 January 2025 | 5 replies
That’s correct, a foreigner can buy property through a Mexican corporation, which is a great option for those investing in multiple properties or running a rental business.Key Points I'd like to add to your post:Setup Costs: $1,500–$3,000 USD.Ongoing Costs: $1,000–$2,000 USD/year for accounting and tax filings.Benefits: Allows tax deductions for expenses like maintenance, repairs, and management.Best for: Multiple properties or income-generating investments.For a single property for personal use, a fideicomiso is often simpler and more cost-effective due to its lower maintenance requirements and feesUltimately, choosing between a corporation and a fideicomiso comes down to your investment strategy.
Melanie Baldridge My opinion: 401K VS RE
22 January 2025 | 8 replies
Step up in basis to reduce your heirs' taxes and morePlus the real estate tax "deferral" can end up being permanent if played correctly
Harrison Jones Seeking Advice: Collaborative Development Opportunity with Neighboring Parcels
21 January 2025 | 0 replies
However, I’m new to navigating such a situation, and I’m looking for guidance on:Collaborating with neighboring property owners to reduce costs and share resources.Structuring deals involving land contributions and joint development efforts.Attracting capital partners for projects like this.I think this could turn into a win-win for everyone involved, but I want to ensure it’s planned and structured correctly.
Timothy Villa Real Estate Novice
4 February 2025 | 13 replies
Asking in the correct forum will get a better response.Read the RULES!
Darien Hernandez Private Lenders: What Returns Do You Expect on 1st Lien Owner-Financed Deals?
16 January 2025 | 5 replies
I just re-read and realized you're talking about getting loans for lien position 2, is that correct?
Dylan Fraembs New Member Looking to Connect!
3 February 2025 | 12 replies
What type of properties are you looking to add to your portfolio, I'm assuming SFRs, is that correct?
Hank Bank Starting My Real Estate Journey: How Can I Leverage a Paid-Off Townhome?
24 January 2025 | 11 replies
Nothing illegal about doing that, but if caught, the lender may call the loan due and if you don't correct the situation or pay the loan off, they willstart mortgage foreclosure.3) You could also go the HELOC route to tap the equity in the home, but the 12-month owner-occupancy will also apply AND the interest rate on the HELOC will fluctuate with the Fed Fund Rate.4) You could do a cashout refi as an investment property, but that will be at an interest rate 0.5-1% higher than owner-occupied rate.Suggest you meet with 2-3 lenders to explore your options about the above.Once you have access to funds, recommend you buy a 2-4 unit with 20-25% down. - You can buy owner-occupied, live in one unit, and fix up and rent the other unit(s).- If you're handy, recommend buying a property in the worst condition you can tolerate.
Kainoa Oneha BiggerPockets mobile App?
31 January 2025 | 9 replies
Those certainly discourage contributing to the forums and that’s one area where a dedicated mobile app that leverages on device auto correct capabilities, could help.
Tim Tafel How Does Comping Software (Privy, Propwire, Propstream) Get Their Data?
15 January 2025 | 3 replies
Quote from @Ryan Konen: You are correct that comping software like Privy, Propwire, and Propstream primarily rely on public records for their data, such as county assessor records, MLS feeds, and sometimes 3rd party aggregators.