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13 January 2020 | 2 replies
I am organising to acquire about 28000 USD but as I cant get a mortgage, should I buy a house for that price?
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9 January 2020 | 0 replies
Recently acquired my first property in Baltimore.
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9 January 2020 | 0 replies
Is that because they lose their trustworthy and keep changing names or is it a marketing strategy to acquire more buyers?
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22 February 2020 | 5 replies
So you could start out with a buy and hold house hacking for your primary residence and then based on your experience with that, decide if you want to acquire more rental units or pivot to wholesaling.Successful investors find deals many, many ways.
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9 January 2020 | 3 replies
Since we're hoping to acquire multiple properties we felt it was time to look for someone new to do our taxes and provide advice for financial planning and future REI.
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21 November 2021 | 7 replies
I plan on using the BRRRR strategy, is there any other way i could acquire a short term loan to refinance into a long term loan?
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9 January 2020 | 1 reply
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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11 January 2020 | 5 replies
Please see more below:Solo 401k vs Self-directed IRA:A Solo 401k has several advantages as compared to a Self-Directed IRA including the following which specifically apply to your situation:Unlike a Self-directed IRA, you can have the account for the Solo 401k at a bank or brokerage that does not charge maintenance fees and where you will have checkbook control.Unlike a Self-directed IRA, if you use leverage (which must be non-recourse financing in either case) to acquire real estate with your Solo 401k the income will not be subject to Unrelated Debt Finance Income taxGeneral Considerations Re Investing Retirement Funds in Real Estate:1.
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12 January 2020 | 5 replies
I'm also partnered up on a couple of deals here but I'd like to explore expanding into the US as I read a lot of books & listen to many podcasts about the US market.Over the past few months I have been piecing together small bits of information but I'm wondering if anyone has any suggestions of books, podcasts, blogs etc that offer a lot of information on this type of situation.I have been in contact with a number of banks in the US about acquiring finance but most of them are more geared towards helping foreign nationals purchase one property to live in while they move or work within the US.
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13 January 2020 | 4 replies
Another thing that comes to mind (which you probably have considered) would be bringing in a friend/relative/partner to help acquire the loan, if you can come up with an agreement you are both happy with.