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16 September 2016 | 14 replies
That is not possible within IRS rules, other than by taking a (potentially taxable) distribution from the IRA.The questions I would suggest you ask are related to keeping the Roth IRA as a tax-sheltered vehicle.
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14 September 2016 | 5 replies
When a note gets sold to another company, the buyer has no say in if/how that gets done - - just notice of where to send the next payment.(4) The Purchase Offer (or Commercial Offer) look exactly the same for Seller financing.(5) But of course - - the escrow/title company will issue a Settlement Statement and your expenses are noted there.
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14 September 2016 | 0 replies
The scope of that project was very similar and was $110,000, but he emphasized that there were multiple issues with that particular property.
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15 September 2016 | 5 replies
I don't ever park my dumpster on the street but rather in the back however I can make it work- no issues to this point
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15 September 2016 | 2 replies
I would certainly do the due diligence of having an inspector check out property before committing to anything to get a full scope of any issues needing to be addressed.
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17 September 2016 | 9 replies
The biggest issues with rehabbing older homes is getting them up to code and making sure you put enough $$$$ in the budget to do that.
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28 January 2017 | 21 replies
Update time: All of my properties are in Connecticut.Triplex in New Britain- BRRRR complete and fully operational.a 2625 Rent Roll 100,000 acquisition 50,000 renovation, 140,000 refinance out 190,000 valuationDuplex in Manchester- BRRRR complete2500 Rent Roll 60,000 acquisition 60,000 renovation, 140,000 refinance out 190,000 valuation.Duplex in New Britain- Auction.com buy at the refinance stage.2475 rent roll 75,000 acquisition 20,000 renovation, looking to refinance out 110,000 for a 165,000 valuation (Refinance complete on 12/22/2016)Duplex in New Britain- bad foundation renovation done this month2600 rent roll 85,000 acquisition 30,000 renovation, looking to refinance out 120,000 for a 165,000 valuation in progressDuplex in Manchester- acquired from wholesaler half rented and in renovation1000 current rent roll77,000 acquisition: gutted second floor to correct all issues 30k in renovations to be done by 1/21/20172400 rent estimation 77,000 acquisition 40,000 renovation,looking to refinance out 120,000 for a 170,000 valuation in February, 2017Duplex in Manchester (Smurf house)- MLSTotal gut job: 70,000 buy.
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5 October 2016 | 17 replies
I cooled off since my first posts, and didn't issue that list of concessions.
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14 September 2016 | 0 replies
Issues like....How is the income split.Who's name goes on the property.Who pays for taxes, insurance, maintenance.
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24 September 2016 | 23 replies
The issue for me is trying to make my house more open to match up with theirs.