
23 January 2020 | 13 replies
If you did charge yourself rent, what would your numbers be with respect to cash flow?

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.

11 January 2020 | 5 replies
Biggest advice is that you get educated on the restrictions put on SDIRAs with respect to UBIT and UDFI.

13 January 2020 | 8 replies
They say "a difference in opinion" and that they "are not at liberty to disclose" and are "respecting the seller's wishes".

10 January 2020 | 8 replies
Aside from respecting the value of property management, it was not worth it.

14 January 2020 | 10 replies
It might be most valuable to establish those relationships before you decide to buy so that you'll be better prepared and that person can be there before and after the purchase.

11 January 2020 | 9 replies
@Christian SmithHave you established clear investment criteria?

30 January 2020 | 7 replies
For expense analysis we'll use actual taxes (from the respective CAD), estimated insurance, typically estimate a management expense (8-10% of EGI), and use an estimated maintenance expense (3-5% of EGI).

10 January 2020 | 8 replies
With that in mind, just be polite, respectful, and keep tenants informed but do whatever repairs you need to.

11 January 2020 | 15 replies
I respected his bluntness and moved on.