Sean Starkey
Should my father in law rent out his condo or sell?
9 March 2024 | 3 replies
Can he comfortably cover the payment is he gets a POS tenant?
Ed Yuen
1031 Exchange scenario with low credit score
9 March 2024 | 7 replies
Can they do a 1031 exchange and use their funds towards the down payment of a property and have their daughter take out a loan alone for the remainder of the purchase price (since she has a higher credit score)?
Kimberly Arington
Help finding STR
8 March 2024 | 13 replies
You're right or just pull out a HELOC from my first property for a down payment.
Jason Pender
Can I buy land with my SDIRA hold it and then sell it to a company I own?
8 March 2024 | 7 replies
For other folks, here are some other entities that would, if you sold the property to, have negative tax consequences: YouYour spouseAny of your lineal ascendants or descendants (parents, children, grandchildren, and the spouses of children, grandchildren, — including legally adopted children)Any investment providers or fiduciaries of the IRAAny entity (like a corporation, LLC, or trust) where a disqualified person owns more than 50%Any entity (like previously listed) where the IRA account-holder is an officer, director, a 10% or more shareholder, or a highly compensated employee
Phedeline St Felix
Looking For Mentors and Partners For Building & Creating Affordable Housing
8 March 2024 | 1 reply
The cash you get form either of those options helps to cover the down payment on future purchases.After you have purchased a few homes and have a good chunk of change you can get into 5+ units and start using DSCR to buy apartment style homes where you can focus on affordable living options and things like section 8.
Nolan Mahoney
DTI is too high after buying a house?
8 March 2024 | 9 replies
Your DTI for a mortgage is based on the mortgage payment.
Brynanh Sledge
Thoughts on Kris Krohn?
7 March 2024 | 14 replies
So they scraped together the $10 - 20k necessary as a down payment for one of the real estate personality marketing systems (that also charge a back end percentage of the future sales revenue), and were given the program they would be pitching.Many moons ago I was at a RICH Club (Realty Investment Club of Houston) meeting, when a certain well known former television real estate fix and flipper was the guest speaker.
Mike K.
BRRRR using Sheriff Sale purchases and HELOC
9 March 2024 | 21 replies
How many trusted contractors do you know?
Andre Davis
Sending Tenants to Collections
9 March 2024 | 11 replies
Sending an account to collections doesn't guarantee payment or specify when it will be received, but it definitely gets their attention.
Nicholas Lioi
How to make the BRRRR module work in Westchester
8 March 2024 | 6 replies
rehab / rent it out and then save again for down payment on next property.