Cameron K.
Philadelphia 2024 - Top Hard Money Lenders
27 January 2025 | 8 replies
I don't want to violate any of the self-promotion rules on this thread by specifically linking or name-dropping, but it's from a data analytics platform I am working on specifically built for tracking construction, debt, and ownership activity in the Philadelphia region.I will be posting more detailed insights soon.
Matt Agnew
Using funds from an SDIRA for real estate purchases
20 January 2025 | 7 replies
If you had $50K in a Self direct IRA how would you leverage that to yield short and long term dividends?
Felicia Vinces
What makes a good seller financed deal?
28 January 2025 | 3 replies
Key Factors for a Good Seller-Financed DealCash Flow: Rental income should exceed monthly payments (PITI) by at least 1.25–1.5x.Purchase Price: Compare to ARV and market value for fair pricing and equity potential.Interest Rate: Aim for competitive rates; higher rates must still allow positive cash flow.Amortization/Balloon Terms: Favor longer amortization and align balloon payments with your exit strategy.Down Payment: Lower upfront costs reduce risk but should meet the seller's expectations.Flexibility: Seek no prepayment penalties and fair late-payment clauses.Property Condition: Ensure the property’s condition matches terms through inspections.Seller Motivation: Assess the seller’s willingness to negotiate favorable terms.Exit Strategy: Have a clear plan for refinancing or payoff at term end.Portfolio Fit: Ensure the deal aligns with your financial goals and risk tolerance.Vetting multiple deals and consulting professionals is crucial to making sound decisions.
Daniel Baker
Questions to ask.
1 February 2025 | 9 replies
Self-Employment Opportunities: Would it make sense to start a side business related to my rental properties (such as property management) to access more deductions?
Curtis Cutler
cashing in 401k? rethinking retirement.
5 February 2025 | 10 replies
Instead, roll the funds into an IRA or Self-Directed IRA (SDIRA) to keep them tax-deferred and open up flexible investment options, including real estate.
Lilia Matlov
Risks and Opportunities Coexist
11 January 2025 | 4 replies
Also Condos are dealing with high special assessments.
Robert Adams
2 Bed Condo > Converted to 3 Bed and Remodeled = Sold for Record Price for a Profit!
2 February 2025 | 1 reply
Cash from self directed IRA accounts How did you add value to the deal?
Kyle Deboer
Raising Down Payment Money
29 January 2025 | 25 replies
I got the Discover It Secured card in high school and used that to build up my credit.
Torrean Edwards
Stepping out on faith, but looking for support/advice
6 February 2025 | 19 replies
If you're not using Hard Money and the property won't qualify for conventional financing, then you'd probably need to locate private money or if you have friends with IRAs, they can be self-directed to invest in real estate.
Ivan Castanon
I need to change strategies. What should I do?
3 February 2025 | 47 replies
Quote from @Cameron Valentine: You're right—finding cash-flowing properties with 20-30% down in Tampa is tough right now with high prices and high interest rates.