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2 February 2021 | 11 replies
Many attorneys including our counsel are OK with limited administrative actions by the IRA account holder as a property manager.
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4 February 2021 | 21 replies
It's a popular hang out with food trucks and live music (pre-COVID, anyway).
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16 February 2021 | 2 replies
Myself and 3 partners are trying to invest in a triplex.History: We have owned one quad since September 2020 where one person is the mortgage holder.
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26 January 2021 | 0 replies
Offer 1: Cash OfferAmount - $145,000Follows traditional financing (inspection, closing procedures, commissions, etc.)Offer 2: Seller Financing with no down payment (terms negotiable)Monthly payment to seller: $778.39Term: 30 yearsInterest: 5%Amount to be paid after 30 years (including interest): $280,000Lien Holder: SellerTax burden is less, potentially no tax implications for sellerMonthly payment paid to sellerWilling to continue to pay estate if seller passes (AKA no refi on the seller financing)If monthly payment not made, house goes back to sellerCommission will be paid to realtorOffer 3: Seller Financing with Down Payment (terms negotiable)Monthly Payment to Seller: $739.47Term: 30 yearsInterest: 5%Down Payment: $7,250 (Negotiable)Amount to be paid after 30 years (including interest): $273,459Lien Holder: SellerTax burden is less, potentially no tax implications for sellerMonthly payment to sellerChunk of money given upfrontWilling to continue to pay estate if seller passes (AKA no refi on the seller financing)If monthly payment not made, house goes back to JoyCommission will be paid to realtor The Dilemma:How do I convince the seller this could be a win-win for both of us?
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3 March 2021 | 20 replies
They offer payment incentives and Tax incentives to rent to voucher holders in your area.
26 January 2021 | 7 replies
In most cases that is exactly why the IRA account holder wanted to partner.
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26 January 2021 | 1 reply
If housing isn't your gig, a food truck would also be another gold mine.
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29 January 2021 | 9 replies
It will have it’s own tax ID number (EIN) and unique name.Account holder (you) designated as the plan trustee (you don’t need a TPA), which gives you total control over your plan assets.
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27 January 2021 | 1 reply
Interesting question, I'm commenting and bumping this thread in hopes of you finding the answer and helping the rest of us with the food for thought.