Sam Chainani
Buying defaulted mortgage notes directly from banks
17 December 2024 | 42 replies
MY QUESTION: 1.WHAT SELL PRICE SHOULD BE INDICATED ON PURCHASE CONTRACT?
Lisa Eisenhauer
Need a bank that will set up a checking account for an LLC owned by a Roth IRA
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. ...
Marcus Auerbach
Why getting into real estate primarily for cash flow is wrong - and even dangerous
8 February 2025 | 106 replies
I would rather borrow as much as I can at the RE interest rate which it typically the cheapest money available.You indicate using financing/leverage is the way to build wealth and maximize IRR but you state if you want to enjoy th3 slopes pay it off.
Jonah Gunalda
ER doctor hoping to diversify in passive real estate!
10 December 2024 | 25 replies
Do you have any personal experience in investing in indications and that’s why you choose to not/no longer invest this way?
James Mays
Inspection Report - How would this inspection report affect your offer?
7 December 2024 | 8 replies
My realtor and my contractor both felt that if he was refusing to upgrade the panel it was likely an indication that he had done shoddy work on the rehab or had something to hide.
Kadeem Kamal
When to 1031 small portfolio.
4 December 2024 | 8 replies
While Redfin isn’t the most reliable source for estimating the values it indicates that I have about 400k in equity.
Ximei Yue
Suggestions for my 1st Investment: Should I start with a BRRRR or focus on cash flow?
1 December 2024 | 31 replies
With your current plate full, starting with a turnkey SFH lets you learn the ropes with fewer headaches.
Nathan Frost
Update - Detroit Deal
18 December 2024 | 45 replies
Focusing on the 5% down payment is an indication you place no consideration on downside whatsoever.
Megan Mason
How to Start Investing in Section 8 Housing: Advice Needed
1 December 2024 | 4 replies
There’s also a lot of demand for these rentals, so filling vacancies usually isn't a problem, which means fewer months with no rent coming in.
Shelby Ek
HUD homes activating utilities for inspection or apprasials
8 December 2024 | 19 replies
First- The PCR and Disclosure form will indicate whether it is permissible to turn on the utilites.