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26 April 2024 | 13 replies
Disqualified persons include your fiduciary and members of your family (spouse, ancestor, lineal descendant, and any spouse of a lineal descendant).The following are examples of prohibited transactions with a traditional IRA:Borrowing money from it.Selling property to it.Receiving unreasonable compensation for managing it.Using it as security for a loan.Buying property for personal use (present or future) with IRA funds.
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26 April 2024 | 3 replies
I don't know if I'll continue with Zillow's process in the future.
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25 April 2024 | 82 replies
Looking forward to working with you on many more future investments to build a well balanced passive income portfolio!
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26 April 2024 | 21 replies
Keep it, benefit from appreciation and eventually use it for a HELOC for future investments2.
25 April 2024 | 10 replies
Heck, I even find joy in it when a squirrel eats a hole through the kitchen ceiling, the fire alarm blasts for no reason, and the tenant's kid secretly turns off the "do not turn off" switch to the heater, necessitating an emergency call to the electrician.Three years after retiring from freelance writing, I'm looking for my next act.
26 April 2024 | 6 replies
would having 5 heritage oak trees create challenges with the biddable area and if I am trying to sell this property in the future?
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27 April 2024 | 15 replies
:) G'Day Zair,Just commented the same to another fellow looking to do something similar to what you are.I think that BRRRR from out of state is very risky business.If I was you, I'd continue immersing myself in everything and anything real estate related.Come back home to the US and start in your local market.Using leverage should only be reserved once you already know what you are doing and you have experienced the income/expenses over a few year period.I've always believe that "Cash is King, Cashflow is Queen and Finance is the Peasant" lolIn your local market or a market of your choosing you can buy, fix and flip or buy, fix and refinance.But I suggest you buy, fix and flip until you have enough cash reserves to buy, fix and hold without it affecting your cash position for future deals.Build a strong foundation without leverage and only then start looking to refinance or finance.30-50% of your portfolio should be un-leveraged.It's a slow process but all good things take time.Just my opinion and wishing you much success
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25 April 2024 | 209 replies
The agent showed me the house , I told them to write up an offer , thats it .
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26 April 2024 | 2 replies
You also have to factor in future property taxes.
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26 April 2024 | 10 replies
I'm not sure of the stats in your area.You have to know how to write up a purchase & sale agreement and open escrow, that kind of thing.