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2 September 2021 | 5 replies
This site is great if you are looking to invest into real estate, wholesaling, flipping, rentals, lending, self-directed IRA and Solo 401k investing, crypto, or tax and legal guidance.
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1 September 2021 | 2 replies
If you can get one of the tenants to leave before closing, you may be able to do FHA (3.5% down), but for a triplex you will run into the self-sufficiency rule.
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3 September 2021 | 6 replies
You will be able to get answers to so many of your questions regarding real estate investing, wholesaling, flipping, rentals, lending, self-directed IRA and Solo 401k investing, or tax and legal guidance from many of the knowledgeable members.
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2 September 2021 | 2 replies
Dry-cleaners of course can pose a significant contamination issue with a property, but would a regular self-serve laundromat have similar contamination potential?
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5 September 2021 | 3 replies
I'm currently in the process of creating the LLC for the Checkbook IRA and I have a former employer 401k with +/- $41k that I can withdraw and deposit into the IRA. I've already created the custodian SDIRA. I'm sold ...
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12 September 2021 | 9 replies
Note: I do self manage and one tenant is taking care of lawn/snow removal in exchange for parking (very small yard and area to shovel).
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8 September 2021 | 4 replies
This is a great forum with very knowledgeable members that will help to guide you in the right direction, whether that is real estate sales, wholesaling, flipping, rentals, lending, self-directed IRA and Solo 401k investing, or tax and legal guidance.
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11 October 2021 | 14 replies
With my current self-employed income plus potential rents from a multifam I qualify for a 400k property.
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8 October 2021 | 9 replies
But now I hit a snag because I'm self-employed and they require two years of tax returns for self-employed.The issue is my 2019 tax return features a stint on unemployment after a corporate layoff, and then in 2020 I changed industries earning at first 50k as an independent contractor, but now in 2021, this industry change led to considerably more income for 2021 (100k+).
23 September 2021 | 11 replies
.- charge higher monthly rent - tenants tend to trash the place less since they are going to own the home - tenants are responsible for paying the repairs which save money - no property management (tenants self manage)- no realtor feesThe only pro I can think of for a rental is that you hold the property longer so you get more cash flow over time, but I feel like the pros for the lease option outweighs the the pros of a rental, especially because you can buy more houses and do the same thing after selling it, and much faster.