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19 May 2024 | 9 replies
I have already established a SD IRA with a custodian.I am looking at establishing a SD solo 401k with checkbook control with a provider at lower costs.I also am looking for advice if it is smart to leave my SD IRA with a custodian and pay the higher fees or if I should roll it over to a provider to minimize cost and gain checkbook control.Thank you.
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19 May 2024 | 2 replies
Fortunately, I had recently started a new job in an essential field, which provided a minimum wage income.
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19 May 2024 | 6 replies
If you haven't provided prequal letters from B and C, you will not have to provide denial letters from those lenders as well.
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18 May 2024 | 4 replies
So they need to be real estate focused or at least well educated in the "game" our government has setup for professional real estate investors.
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20 May 2024 | 3 replies
The cabinet shop I use also provides assembly and installation.
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20 May 2024 | 11 replies
In order to foreclose in a judicial state it must go through the courts and you can easily file a response to the complaint showing the lien is not valid.In non judicial states it would be the same thing, you could respond to the trustee saying lien is not valid and they would have to provide proof of the original note you signed and notarized as well as the recorded deed of trust.
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19 May 2024 | 9 replies
Feel free to reach out to local investors or real estate professionals to ask questions and seek advice.
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20 May 2024 | 12 replies
I believe they do not offer delivery.Maybe another poster can provide the name (and I could add the name to my notes).Good luck
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16 May 2024 | 13 replies
It would also not provide the seller any cash since its treated as a refinance where it uses the equity for the down payment and closing costs.
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19 May 2024 | 3 replies
Here are some pros and cons of each approach to help you decide:Paying Cash for One Home and Refinancing LaterPros:No Mortgage Payments: You won't have monthly mortgage payments initially, which can reduce financial stress.Equity: You own the home outright, giving you full equity which can be used for refinancing.Lower Costs: No interest payments and possibly lower closing costs compared to having a mortgage.Better Negotiation Power: Cash buyers often have more negotiating power and can close deals faster.Cons:Opportunity Cost: Your cash is tied up in one property, potentially limiting your ability to invest in other opportunities.Refinancing Risks: Future interest rates may be higher, making refinancing more expensive.Market Fluctuations: Property values might decrease, affecting the amount you can refinance.Buying Four Homes with 20% Down on EachPros:Diversification: Owning multiple properties diversifies your investment, reducing risk.Rental Income: Potential rental income from multiple properties can generate cash flow.Appreciation: You benefit from the appreciation of multiple properties.Leverage: Using mortgages allows you to leverage your investments, potentially increasing your return on investment.Cons:Higher Debt: You'll have multiple mortgage payments, increasing your debt and financial obligations.Management: Managing multiple properties can be more complex and time-consuming.Market Risks: Market downturns can affect all properties, amplifying risks.Cash Flow: If rental income is not enough to cover mortgage payments, you could face cash flow issues.Considerations:Financial Stability: Assess your current financial stability and ability to handle mortgage payments and potential vacancies.Market Conditions: Consider current and projected real estate market conditions and interest rates.Investment Goals: Align your decision with your long-term investment goals and risk tolerance.Professional Advice: Consult with a financial advisor or real estate professional to get personalized advice based on your specific situation.If you prioritize lower risk and less debt, paying cash for one home might be the better option.