24 March 2024 | 2 replies
My father wants to use his SDIRA to provide a loan to the LLC him and I are equal partners in.The loan would provide the additional funds we require to purchase an investment property.The LLC would pay principle and interest at market rate to the SDIRA.Would this be considered a disqualified transaction?
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24 March 2024 | 6 replies
OR I would consider JVing with the new buyer to get my principle and small interest on the back end of the project.
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27 March 2024 | 43 replies
Even if you pay the note on time as a buyer of subject-to property, the bank would go against its standards and principles if it knew about the transaction and did not call the loan due.
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25 March 2024 | 15 replies
They seemed like a nice and ethical group of people to me.
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23 March 2024 | 12 replies
Worked ourselves out of income here lolVacancies lowMaintenance repair requests lowNeed to cause some drama so we can start putting some food on the table lolJokes.It's interesting though how if you do a good job in property management you kind off work your way out of being able to generate more income.I guess it's a good problem to have from a performance and ethics standpoint.What do you guys think?
25 March 2024 | 214 replies
Well said @Joel Forsythe.Dual representation is very difficult to navigate from a legal, moral and ethical perspective.
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23 March 2024 | 14 replies
These are professionals with additional training and a stricter code of ethics.
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22 March 2024 | 6 replies
Reading them can help you understand the principles, strategies, and best practices involved in successful house hacking endeavors.
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22 March 2024 | 88 replies
The principle portion was $1500+ the first month.