
21 May 2024 | 0 replies
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

21 May 2024 | 138 replies
However, there is such a thing as a self-directed solo 401k plan which is very popular for those who are self employed.Following are the similarities and differences between the solo 401k and the self-directed IRA.The Self-Directed IRA and Solo 401k Similarities Both were created by congress for individuals to save for retirement;Both may be invested in alternative investments such as real estate, precious metals tax liens, promissory notes, private company shares, and stocks and mutual funds, to name a few;Both allow for Roth contributions;Both are subject to prohibited transaction rules;Both are subject to federal taxes at time of distribution;Both allow for checkbook control for placing alternative investments;Both may be invested in annuities;Both are protected from creditors;Both allow for nondeductible contributions;Both are prohibited from investing in assets listed under I.R.C. 408(m); andNeither may be invested in your own business.

21 May 2024 | 5 replies
Then I began to network... alot, then I built a team RE agent, property manager, lawer... etc. then I bought my first unit.

21 May 2024 | 53 replies
In the commercial & private money world its all fair game and case by case.Use of credit cards to purchase properties to acquire/capture equity, create, cashflow, provide additional tax shield/benefits against your income, and improve your real estate investing venture is definitely one way to go about it but it should not be the sole method since there are risks like many have mentioned above.If you're using business cards (linked to your FEIN - federal employer identification number) and it doesnt report to your personal credit then it might be more prudent credit wise because your Fico scores won't tank when you max a business card out versus a personal credit card (drop of 80-100 fico pts temporarily till you payoff).So with prudent timing (funds seasoning), knowledge of how to maintain your ficos so you still qualify for your cheaper conventional money, and how to use the cards to purchase can definitely expedite your REI journey.Most people I encounter would not have the know how to do it correctly as I see plummeting fico scores, in ability to qualify, and many other issues with using cards to invest on a weekly basis.Best of luck,

20 May 2024 | 4 replies
I would also recommend building relationships with investors and RE Agents.

20 May 2024 | 6 replies
I was told told the way to avoid being sued is to be come a Real Estae Agent.

20 May 2024 | 5 replies
Realtor and Insurance agent. looking forward to connecting with you all.

21 May 2024 | 11 replies
-Rob,Greg, and Al I'd start with a real estate agent sending you all the new construction 2-4 family styles that have sold and pick one that is small and compact and sells for a premium.

18 May 2024 | 11 replies
Hi all,I would like to connect with a real estate agent/newbie-friendly investor from Florida that can give me some advice on investing in or near West Palm beach or any of the surrounding areas, 30-45 Mins to West Palm.

21 May 2024 | 25 replies
We bought at the peak of the market in 22, and can’t stomach the loss in equity + paying an agent to sell.