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24 September 2016 | 81 replies
Make Sure to go to a hard money lender and get pre-approved for transactional funding, this will make you a legitimate investor, they will collect a fee of the deal, the hard money lenders will help you move the deal if you put one on contract and you will have their full support (They want to Lend on those properties as bad as you want to make an assignment fee).
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16 September 2016 | 3 replies
Otherwise, go above board and find a good, professional management company to run things.
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19 September 2016 | 16 replies
Neighborhood demographic: will you be renting to students around a university (generally higher rents but more turnover), young professionals, or families?
23 September 2016 | 7 replies
., former employer 401k) to a solo 401k are not reported on Form 5498, but rather on Form 5500-EZ, but only if the air market value of the solo 401k exceeds $250K as of the end of the plan year (generally 12/31);When funds are rolled over or transferred from an IRA or 401k to a self-directed IRA, the amount deposited into the self-directed IRA is reported on Form 5498 by the receiving self-directed IRA custodian by May of the year following the rollover/transfer.Rollovers (provided the 60 day rollover window is satisfied) from an IRA to a Solo 401k or self-directed IRA are reported on lines 15a and 15b of Form 1040;Pre-tax IRA contributions on reported on line 32 of Form 1040;Pre-tax solo 401k contributions are reported on line 28 of Form 1040;Roth solo 401k funds are subject to RMDs;A Roth 401k may be transferred to a Roth IRA (Note that from a planning perspective, it may be advantageous to transfer Roth Solo 401k funds to a Roth IRA before turning age 70 ½ in order to escape the Roth RMD requirement applicable to Roth 401k contributions including Roth Solo 401k contributions and earnings.)
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21 September 2016 | 10 replies
Great job on doing your research, build your skills but don't get stuck always looking at deals and not end up doing one.
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21 September 2016 | 26 replies
Did a light pre-hab on another and about to begin a major one.
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12 December 2016 | 14 replies
Hi Kate,As usual, to give actual, real professional advice on your floor choice, a bit more info is needed.
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16 September 2016 | 4 replies
My background is in international logistics and I believed I could apply that set of skills to the project management side of flipping a home.
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21 September 2016 | 2 replies
Has anyone successfully negotiated down a HUD 2nd mortgage?
I'm talking with a seller who is two weeks away from foreclosure. The deal was looking good....until I found the loan modification from 2014, where HUD too...
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18 September 2016 | 9 replies
I foresee it becoming a hotbed for medical professionals and chapel hill residents migrating there for the tax benefits and roi on selling their chapel hill homes and moving there....