
7 May 2024 | 14 replies
I like the possibilities of creating through real estate through so many methods and allowance for financial freedom.

7 May 2024 | 3 replies
I'm Eric and I've dabbled around the real estate investing topic for a while now, especially using the BRRRR method.

7 May 2024 | 27 replies
However they communicate only respond via text or email.
7 May 2024 | 4 replies
Moreover, what is your method of financing?

7 May 2024 | 6 replies
Prompt and efficient communication is essential in this industry.

6 May 2024 | 19 replies
Your ineptitude may amplify your losses:(You're also jumping to assumptions.We've had out-of-the-county investors that we could NOT legally send funds to because they hadn't supplied us with the IRS required documents - and they didn't respond to our numerous communications to get them.Once we obtained the proper documents, we sent them their funds - by the way, we did send monthly Owner Statements, so they had the info to see what was going on with their portfolio.So, that brings up another question - what information have they been sending you and when have they been communicating?

9 May 2024 | 43 replies
The capital gains you would get from selling the property go back into the IRA tax free or tax deferred, depending on if the account was a Traditional or Roth and the only time you would incur taxes is if you took the money out of the qualified retirement account and took it into your personal name as a distribution.I would never own real estate inside of a retirement account.In your situation of transferring a certain percentage of the property itself instead of cash, you would need to pay a bunch of professionals on an annual basisA) $600+ for an appraiserB) $500+ for the title company to transfer ownershipC) $300+ for your accountant to properly adjust your taxable basis for the rental activity reported on your individual tax return.D) You risk your property taxes being reassessedYou also have to properly split each expense Furthermore, since you are not receiving cash, you would need to potentially find alternative methods to find cash to pay your tax liability.Yes, you are correct, depreciation is not needed/used within an IRA.

7 May 2024 | 56 replies
So a DIY method is not recommended unless you're actually qualified.

6 May 2024 | 6 replies
Because the cosigner is not responsible for mowing the lawn or reporting maintenance issues, they have no rights to the rental, and I don't want to communicate with them about anything but the money.

7 May 2024 | 8 replies
@Evan Loader Not sure if you've tried these methods but i would try going to your local multifamily investor meets up, attending larger multifamily conferences and networking with Sponsors on social media platforms like BP and linkedlin.