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29 January 2025 | 9 replies
Many people choose NOT to have this, because the administrator will then vet every investment you make to ensure you do not invalidate your IRA.Invalidating your IRA means that you've done a prohibited transaction and the entire account is then deemed as distributed to you.If you don't want checkbook control, then I recommend a plan administrator such as Equity Trust - www.trustetc.comIf you are sure that you're aware of all the rules around prohibited transactions and disqualified people (who you can and can't do business with), then a plan administrator like Sense Financial would be a good place to start talking.
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15 February 2025 | 2 replies
At this point, I would recommend having a line of credit to cover these things so you don't have money sitting in the bank doing nothing when it could be put to work.I have 33 units, no debt except for mortgages, and excellent income.
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4 February 2025 | 1 reply
Going live as a STR in 2 weeks Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
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7 February 2025 | 2 replies
I would recommend making use of all the free resources available through BiggerPockets and the internet.
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11 February 2025 | 4 replies
Do to the state mandates that require 100% reserves in all categories, combined with the rising cost of their neighborhood insurance policy, my strong recommendation is you find out what further anticipated spikes in association dues & if any possible special assessments are looming.
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24 January 2025 | 3 replies
In tip top shape both in the mechanical systems, design, and upkeep2.
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31 January 2025 | 3 replies
My question to y'all good folks: Do you know of, or can you recommend, a company or brokerage that deals in property management in California that I could work for full-time and learn everything there is to know?
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2 February 2025 | 0 replies
Always underwrite conservatively Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
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10 February 2025 | 8 replies
The priority is consistent recommendations from active investors.
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29 January 2025 | 2 replies
We don’t know any PMCs to recommend in the Cape Coral/fort Meyers area, but since selecting the wrong PMC is usually more harmful than selecting a bad tenant, you might want to read our series about “How to Screen a PMC Better than a Tenant”:https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesWe recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.