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16 November 2024 | 11 replies
When I do it for me and my clients, we go very conservative to give better expectations of the transition process, than if it goes better, great!
19 November 2024 | 15 replies
Both times the owner's insurance company ended up covering us and NOT the owner (their client) and the owner had to pay our legal fees.Your PMC doesn't seem to be on top of this and you state is already blaming you, so you may need to document that they are the problem, not you.
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19 November 2024 | 11 replies
@Brad Herb Investing in a syndication via a Self-Directed IRA (SDIRA) offers tax advantages but comes with fees and limitations:Advantages:Tax Benefits: Gains grow tax-deferred (Traditional SDIRA) or tax-free (Roth SDIRA).Avoid Penalties: Keeps funds in the IRA, avoiding early withdrawal penalties.Diversification: Adds real estate syndications to your retirement portfolio.Disadvantages:Fees: Setup, custodian, and administrative fees can reduce returns.UBIT: If the syndication uses debt, income may be subject to Unrelated Business Income Tax (UBIT).Complexity: Strict rules; all income/expenses must flow through the SDIRA.Illiquidity: Syndications are long-term, locking up funds.Use an SDIRA if the investment is significant and the UBIT impact is minimal, especially with a Roth SDIRA for tax-free growth.Remember that RE, outside of retirement accounts, provides the biggest tax benefits.This post does not create a CPA-Client relationship.
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20 November 2024 | 18 replies
We've got many clients that buy them as pure rentals also. - The FHA 203(k) loan is a great way to buy a MFR as it allows repairs to be included in the purchase mortgage.
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20 November 2024 | 18 replies
The client retained the services of a well known attorney who has a great record of winning these types of cases.
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17 November 2024 | 5 replies
We focus on exceptional customer service by aligning our solutions with client needs, while innovation drives us to continuously improve processes and embrace new ideas.
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18 November 2024 | 9 replies
Have your attorney if they have REI clients review it.
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16 November 2024 | 1 reply
I bought it from a client who wanted a fast sale How did you find this deal and how did you negotiate it?
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16 November 2024 | 0 replies
Bought from the brother of a client at the time How did you finance this deal?
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15 November 2024 | 8 replies
Occasionally, I assist fellow investors in finding suitable properties.I have two clients who are business partners who are interested in making lowball offers on various listings.