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31 October 2021 | 16 replies
•Banning ownership of your IRA of more then 10% of ANYTHINGoIf you wanted to own a rental house in your IRA, only the IRA itself could own it; you wouldn’t be able to use the statutory protection of an LLC.oNo more use of Land Trust or PPToNo more Checkbook IRAsoNo more Joint Ventures in which your IRA owns 10% of a deal or an entity•A proposed limit on Roth ConversionoOnly Pre-Tax traditional accounts may be converted to a Roth IRAoFor you business owners, this will effectively mean that only your Employee Elective deferrals ($19,500 in 2021) and Pre-Tax Employer matching will be eligible for Roth Conversions.
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14 December 2021 | 19 replies
so its a net-0 effect?
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21 November 2021 | 4 replies
So your initial lender could have a big effect on how your offer is made.I hope this makes sense how I am describing it.
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1 December 2021 | 3 replies
Among the factors that influenced the court's decision were the limitations on the co-owners' ability to sell, lease, or encumber either the co-ownership interest or the underlying property, and the manager's effective participation in both profits (through the remarketing fee) and losses (through the advances).
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18 November 2021 | 1 reply
If yes how much will that effect the loan I get from the bank for my other property?
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22 November 2021 | 10 replies
Hey everyone I believe I have had a recommendation for a HELOC with CACU here in Kansas City and I think they have a great product but it is not I/O payments. If I was told wrong or they do allow I/O payments let me k...
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30 November 2021 | 26 replies
Clean up, do repairs, secure, add exterior lighting, add cameras, add fencing, spend the money to ave your investment, whatever is needed to make the subject safer, desirable, and cost effective.
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1 December 2021 | 22 replies
I am going to get some quotes for demo vs refurbing and see what's cost effective.
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24 November 2021 | 3 replies
Getting in front of motivated sellers but also refining my process to be the most effective.
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19 November 2021 | 3 replies
My advice would be to formulate an action plan with Onneka, your lender and your agent. i.e. spend the next 2-4 weeks effectively assessing your investment options and the current market (available inventory, sold comps, absorption rate, etc).Start with the end in mind.