Karen Reynoso
What should I look for in a Self Directed IRA?
25 February 2016 | 10 replies
Custodians do not directly create such programs, as they are prohibited from providing legal and advisory services, so a different type of company will setup such a structure and most such companies have one or more custodians they work with on that piece.The IRA LLC structure is much more responsive and eliminates a lot of per-transaction fees, though of course creating the legal entity in the first place will cost more up front.
Lacey S.
How to overcome my DTI problem
31 March 2016 | 27 replies
I do not want to pay my loans off early because I am on track for them to be forgiven (through a program based on my employment field) in four years, which represents a huge financial boon for me.The lender told me that Fannie/Freddie guidelines recently changed regarding student loans for DTI calculations.
Alexander Santini
Seller financed idea, just a hypothetical, figured i would share
16 February 2016 | 0 replies
, but i ran the numbers and after that it didn't look so appealing, and if you were to factor in capital gains and other fun government taxes, well, i don't think it's a good option, and there are for sure better ways to exit.The numbers play out like this (not considering taxes, capital gains, and other factors, i was just trying to play around with the idea and keep it simple for the start):Your NOI: ($119,160 + $30,000) - $70,000 = $79,160 or $2638.67 per year for 30 years and $219.89 per month for 30 years when you factor in the 30% down into it ($137 per month for 30 years)Cap Rate: 2633/70,000 = 3.76% per year for 30 yearsCash flow: $331 per month for 30 years but only $137 of that would be profitROI: 2.33% without the 30% down factored into it (3.76% with the 30% down factored into the calculation)Total ROI = $79,000/$70,000 = 112.86% over the course of 30 yearsConclusion:Well, from what i see here, the problem is the interest rate used.
John Burtle
Is what this bank told me true?
17 February 2016 | 13 replies
Here is the banks reply,"Hello there, I do have new construction programs rolling out at the end of this month, however, these are only for single family dwellings so they wouldn’t allow you to build the type of triplex or fourplex that you are looking for, I think you would have this problem with any bank.
Jack Butala
What Software are you using?
23 February 2016 | 3 replies
The parcels are mostly rural vacant land.Our software is in three separate modules 1) Manage the inbound acquisition inquires (CRMish) and the acquisition process. 2) During that time engineering completes maps and other graphics and files to get it ready to sell.3) Then sale and then post sale payment management.Do any of you folks use an out of the box program that brings you into the 21st century?
Darren Horrocks
Toronto/GTA Market Correction - Ripple Effects
4 July 2016 | 16 replies
For example, if the Chinese government stops Chinese citizens from taking their money out of China, it will slow demand for Real Estate in Canada.The only problem with forecasting a bubble bursting is that it could be a month from now, or it could be 15 years from now when home prices are 3 or 4 times higher than what they are now.If you buy for the long term cash flow, you'll be protected if house prices decrease.
Christian Bateman
What Neighborhood is a good neighborhood?
26 February 2016 | 15 replies
The government under civil forfeiture laws can seize your house if your tenants are convicted of drug dealing/manufacturing.
Mike Whitehead
0-25 Mobile Home Deals, Selling The Notes, Coaching!
14 May 2016 | 6 replies
Thanks everyone, for you guys that are thinking about it I do have a coaching program now.
Christopher Rogers
Selling a Home with a HERO Program Loan
10 May 2016 | 1 reply
But I am being given different answers when I ask about selling with a HERO Program Loan attached to a property.
Nicole Williams
NEWBIE NEEDS SOME HELP!
12 May 2016 | 2 replies
I have been speaking with a company called Go Hard Money and they are asking for $3000 to get into their program.