I think what you really want to pay attention to in California is to look into the decedents will to see if there is a provision included which directs that the estate be administered under the "Independent Administration of Estates Act" otherwise known as >CA Probate Code 9640<.I have talked to attorneys about this, and basically it allows the PR to have an independent administration of the estate which basically means NO court supervision...

Equity_Man, Maybe so but don't forget about the Clinton administration who allowed the illegal formation of Citi Group, then later repealed the Glass-Steagall act of 1933 which was put in place to keep banks from selling investments.

Rental Income is $875-$925 per side/per month (we listed the low end) Gross rents $1750 Taxes $222 Insurance $82 Management $140 (Original placement fees paid for, no other charges) Repairs $0 (It is new with builder warranty) Utilities $0 (Tenants pay all as wriiten in contract) Maintenance $0 (Tenants pay all as written in contract) Vacancy $0 (we have a variety of new tenants to choose from) Vacancy $105 (Lets put 6% in there anyways to satisfy you) Administration Costs $0 (Management handles everything for their 8% monthly fee) Total Expenses $549 (should be $540 assuming the 6% vacancy reduce management fees, which is why I take vacancy out first as it Does affect the OE) NOI = $1210 Debt Service = $906 Cash Flow with vacancy assumption = $304 ($152 per door)I think that speaks volumes about how you calculate cash flow.

The level of administrative support required is quite high.

Just to clarify what Mike is trying to point out...A good rule of thumb for many residential properties is that expenses (including vacancy, maintenance, taxes, insurance, upkeep, administrative, etc) will generally run between 45-50% of gross income.

You would have to roll your HSA into a self directed account through a TPA (third party administrator) and then invest it in the choices of your liking, including RE.

`(a) Establishment- There is established in the Federal Housing Administration a HOPE for Homeowners Program.

This saves you lots of time, money and administrative head aches.

Hi Jon,Hi Jon,Yep, you are right...using any type of financing (mortgage, seller carry back) inside the IRA generates that nasty UBIT.I have shown my clients how to use options and lease purchase arrangements to avoid this problem.The better choice is a self administrated solo 401k since UBIT does not apply to this type of plan.Dave

I am a part time college student slowly but surely on his way to getting an associates in business administration.