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29 January 2025 | 9 replies
Many people choose NOT to have this, because the administrator will then vet every investment you make to ensure you do not invalidate your IRA.Invalidating your IRA means that you've done a prohibited transaction and the entire account is then deemed as distributed to you.If you don't want checkbook control, then I recommend a plan administrator such as Equity Trust - www.trustetc.comIf you are sure that you're aware of all the rules around prohibited transactions and disqualified people (who you can and can't do business with), then a plan administrator like Sense Financial would be a good place to start talking.
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8 February 2025 | 29 replies
I have a wholesaler I trust who I can put you in touch with if you'd like.
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8 February 2025 | 0 replies
You can create a trust to pay you out $5000 a month for a 39 month period of time.
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3 February 2025 | 4 replies
Number one advice: Never trust a broker's pro forma.
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4 February 2025 | 17 replies
You can accelerate your goals if you have someone that you trust that you could partner with.Good luck on your real estate journey bro!
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4 February 2025 | 87 replies
I have to trust not only that you can oversee the project and deliver on the financing, the leasing, and the management (none of which is in place when I deposit $100k into an account), but I would have to have an iron-clad partnership agreement.
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30 January 2025 | 24 replies
Other strategies include gifting portions of the property to reduce the taxable estate or exploring more complex options like a Qualified Opportunity Fund or a Charitable Remainder Trust to defer or minimize taxes.
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26 January 2025 | 3 replies
This continued imbalance in housing supply to household formations and population growth.Changing Demographics and PreferencesPeople are also waiting longer to start families (Source), and people are valuing more the flexibility that renting provides in the remote work and online business era as well as the sense of community apartment complexes can provide in our digital and post-pandemic world where people feel less connected to the community than before (Source).
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5 February 2025 | 21 replies
The policy must provide a minimum of $[amount] in liability coverage.
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20 January 2025 | 1 reply
I like to go with the motto, Trust but Verify.