Brian Carmichael
Sell all real estate in IRA account
10 October 2024 | 5 replies
Selling to yourself from your LLC to your IRA would be considered "self dealing" in that it isn't an arms length transaction since you are a principle/owner on both sides of the transaction. 2.
Rene Hosman
Do you put extra money toward principle or invest that money elsewhere?
23 September 2024 | 5 replies
But I did the math and for me personally that was true, I'd pay off my mortgage 5 years early if I paid an additional $100 each month to principle.
Chris Seveney
What The Gurus Do Not Teach You In Note Investing - Part 4
11 October 2024 | 4 replies
This is why I emphasize education of real estate principles, law and finance are essential for the real estate investor.
Adolphus Fletcher
Can you avoid personally guaranteeing mortgages through business?
15 October 2024 | 14 replies
Business credit is largely irrelevant until you get into the true CRE and commercial lending space, and even then, the key principles are weighted heavily.
Jonathan Krauser
Letter's to find Off Market Properties
25 October 2024 | 33 replies
There is no way of knowingMy advice to everyone is this.Stop thinking with a scarcity desperation mindset.If you think it is ok to harass 1000 people to death to get one contract signed, you really need to reevaluate your business ethics and principles.
Julio Gonzalez
Cost Segregation on Condo
6 October 2024 | 0 replies
Assets identified in this study include:Permanent Fixtures: windows, doors, bathroom fixturesStructural Components: Roof construction, drywall, wood framingBuilding systems: water heater, electrical distribution, HVAC, plumbingInterior Construction: Wood flooring, stairs, ceramic tileThis engineering-based cost segregation study included the following methodology:Physical Inspection through a site visitDocumentation review including architectural plans, accounting records and construction documentsA cost analysis which utilizes engineering principles in order to allocate costs to their applicable asset classificationsCalculation of the depreciation schedule using MACRSAs a reminder, bonus depreciation started to phase out in 2023.
Frankie Paterno
What areas are currently cashflowing
12 October 2024 | 25 replies
Since PITI = Principle, Interest, Taxes, and Insurance you could look for anything that lessens any of those variables.
Luke Rusten
Is it worth paying a premium for favorable terms?
10 October 2024 | 7 replies
If you want to figure out the value logically, you can create a spreadsheet that will show your cost of financing and principle paydown on an annual basis to figure out the break-even date between the seller-financing price vs paying market price, but with bank financing.You mentioned a 40-year term, but is there a balloon?
Kyler Cook
Christian Investors - How do you tithe?
24 October 2024 | 27 replies
It's the same principle you would practice with a mutual fund: it continues to grow (hopefully) and you pay a tithe from the prophets received at the time the profits are received.I am not strict about this by any means, for myself or others.. what other people give is not my business and I do not believe in people giving under compulsion.
Ross Kane
LLC piercing corporate veil
21 October 2024 | 13 replies
Since basic real estate investing principles are the same, where the group is doesn't matter. 5) LLC's are the least of your concerns at this point, insurance is more important.