
13 December 2024 | 16 replies
that didn't make sense to me that if i have my ira with you then you will put who the owner is but if i don't have it with you you wont' put anything.anyways, she def didnt' give me indication that she exactly knew. maybe i had a bad agent and since i was already skeptical of using a small bank, that def turned me off.at chase my account shows that it's a business account under an llc. i am the manger of llc, the only thing that worried me is that they put me as a the owner of llc. this seemed no diff to me that when you go get an ein, it also puts you the owner of llc. if irs itself can have this limitation in getting the ein, then surely they would understand the limitation of the bank. besides, i have a fully complying operating agreement in which i have a clause that explains while irs ein letter shows me as the owner, in reality it is my ira that is owner and that that there are limitations on irs website when obtaining an ein. i will jsut be adding a similar explanation in my operating agreement about bank acct and have all the supporting documentation in case if it's ever needed. but that's where i am at.i wish this process was simpler/ easier. it is also very frustrating that the custodian doesnt' telll you anything. they all market you can have a checkbook ira but don't really guide you in HOW to do it practically. all these rich ppl are doing it and i doubt they are going through all these hoops. ...

3 December 2024 | 3 replies
Adding small single unit is expensive development.

11 December 2024 | 13 replies
Personally looking back at it switching into LLC was a more of a headache for me and did not do much for adding a level of protection that insurance did already handle.

6 December 2024 | 2 replies
Our team has just gotten our first commercial property under contract and our time will largely be spent in these areas in the immediate future.

7 December 2024 | 11 replies
To pick a location, I understand I want to evaluate median income, a large population of those approaching retirement age, and a decently dense population.

11 December 2024 | 101 replies
The crime rate in a large city like Cancun is actually lower than that of US cities like New York City or LA.

7 December 2024 | 9 replies
.- You don't need to offer the full asking price as earnest money, but a large deposit definitely helps woo the seller into believing your offer is serious.

9 December 2024 | 8 replies
If you wait three months, you can use the new appraised value for the cash out refinance which is helpful because if you're doing a BRRRR, you're presumably adding value and will get more cash back for your next project if you wait the three months seasoning period.

7 December 2024 | 2 replies
We added value by decreasing the offer after the inspection and then after closing we were slowly able to get rents to market rent.
7 December 2024 | 2 replies
I would like to invest here but there are two large hurdles: Negative cashflow down paymentI feel that Boston is a fantastic city to invest in.....if you are well capitalized.