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14 August 2020 | 3 replies
I would greatly appreciate some guidance with respect to creative or non conventional mortgages.
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20 August 2020 | 2 replies
Respectfully advise that this will be followed or they will have to vacate.
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16 August 2020 | 2 replies
In addition, if you are self-employed with no full-time employees you may wish to consider opening a Solo 401k instead of a self-directed IRA as it has several advantages over an IRA LLC such as much higher contribution limits, direct checkbook control (i.e. no need to have the account at a specialty trust company), ability to take a 401k loan, exclusion from unrelated debt finance income tax with respect to investment in real estate acquired with non-recourse financing, etc.In addition, please note if you purchase debt-financed real estate with your IRA, unrelated debt finance income tax should apply to the income attributable to debt-financed real estate held by your IRA.
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15 August 2020 | 5 replies
Change the LLC operating agreement with respect to shares.
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15 August 2020 | 7 replies
The only special considerations the IRA brings to the table are that A) you avoid disqualified persons and B) any debt instrument be non-recourse with respect to the IRA.Other than that, you are only constrained by what makes sense for partners in a real estate transaction and what banks are willing to do.Your IRA is either a lender or it has equity.
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15 August 2020 | 5 replies
I am just trying to find the guts and get comfortable with reading the numbers to find a good deal, and creatively borrow to put a respectable down payment on our home.
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18 August 2020 | 67 replies
Respectfully, no amount of motivation is going to make this happen.
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28 December 2020 | 136 replies
Elliot Smith has a fair bit to say about negotiating and selling a 'solution' and just addressing people respectfully and being real with them in negotiations.
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29 March 2021 | 8 replies
Former Connecticut guy, and someone who's respected here on BP for his knowledge of the Columbus, OH market.
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16 August 2020 | 2 replies
If you’re not willing to be calm, respectful, pleasant and patient this will likely just get worse.