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6 February 2020 | 3 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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5 February 2020 | 0 replies
I am at the point now where I have learned as much as I can by myself and I was about to pull the trigger on heavily investing in a mentor so that I can begin investing with the proper support however I came across this article:https://www.rtitlegroup.com/bl...My strategy was going to be to acquire SFH's with owner financing and sell them on a wrap, making money on the down payment, interest spread and monthly payment spread.
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6 February 2020 | 5 replies
If you have subterranean termites, you need to contact a pest control company to remediate them.
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6 February 2020 | 2 replies
In 2020, I want to share my experience with the Bigger Pockets Community of finding, vetting and (hopefully) acquiring 50 units.The new decade did not start off the way I envisioned it.
6 February 2020 | 4 replies
I would say rent owed is Option 1 and you can apply the escrowed amount towards it as a way to remedy the debt.
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16 February 2020 | 15 replies
We were able to acquire many units fast by refinancing our house, which was bought as a foreclosure and is now worth over $100k more than what was paid for it.
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7 February 2020 | 6 replies
Get a great team of property management wherever you go and they will take care of the day to day while you focus on your career and acquiring properties.
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7 February 2020 | 11 replies
I've had a SFH rental for 6 years now but am eager to acquire more.
19 February 2020 | 14 replies
I'm assuming that it wasn't "sabotage" but an inept and failed attempt to remedy a problem.