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21 May 2024 | 138 replies
Here are some of the reasons why: Compared to an IRA, Solo 401k contribution limits are roughly ten times higher.There is no custodial requirement for the 401k.You don't need the additional expense and administration of an LLC to have checkbook control.There is a built in-Roth component whereas IRAs are either traditional or Roth, not both.A spouse can also participate in the same Solo 401k plan.The Solo 401k has additional tax benefits over an IRA when investing into real estate using leverage.The penalties for prohibited transactions are less severe, though it's best not to utilize this benefit :)
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18 May 2024 | 6 replies
Also important to work with lenders who have a well oiled construction loan administration team.
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18 May 2024 | 8 replies
It is basically a background database search - nearly all the same databases searched for a full Phase I, without a site walk or evaluation of historic documentation such as air photos, topographic maps, fire insurance maps, or the city directories (Phone Books).
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17 May 2024 | 3 replies
That's a private agreement between you and your LLC and that loan is not recorded in any banking data base that it would be put on any credit report.You are fine just depositing the money and then moving forward.
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19 May 2024 | 21 replies
Morningstar apparently has a database of multifamily loans that are not performing.
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16 May 2024 | 5 replies
@Keith RobinsonThey have experience and can do some fund administration for you - these services are now a dime a dozen.
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20 May 2024 | 88 replies
As we grew we learned that would be an administrative headache to have a series for each property.
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19 May 2024 | 90 replies
@Richard Heck just sell them yourself i put mine 10 bed and 6 bed on bizquest and also contacted local realtors and local schools that train administrators and managers for ALFs, , i get 5 inquiries a day
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15 May 2024 | 2 replies
If you could run some similar queries and post to show what AI is capable with the BP database of posts.
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20 May 2024 | 121 replies
Not to mention if the guy or gal leaves or is let go then having proper management over all of these avenues becomes a headache because you do have the administrative access under full corporate control.