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Results (10,000+)
JY Lim Questions about Tyler Texas area as investment beginner!
18 January 2024 | 10 replies
No fees or any of that junk, just people meeting for coffee and showing off their projects.
Mathuw Chandler Tenants unhappy about electric bill need advice please
20 January 2024 | 30 replies
My electric company will come out and do an energy audit for free which you might check and see if yours offers a program like this before you get the heating company out to do one for a fee.
Larry Flanagan Self-directed 401k custodian recommendations
18 January 2024 | 1 reply
I recommend checkbook control bypassing the custodian and their fees.  
Pamela Maduro New to the investor's side
19 January 2024 | 33 replies
You have to furnish the property which are funds you are spending unleveraged and management fee's are easily 20% of revenue. 
Tony L Holland SIRA, E-QRP, Investing in Real Estate/Vacation Beach House
19 January 2024 | 7 replies
Here are some factors to help you make an informed decision:SDIRA vs. e-QRP:SDIRA (Self-Directed Individual Retirement Account):Allows for a broader range of investment options, including real estate.Provides more control over investment decisions.Requires custodial services, and there may be fees associated with the SDIRA provider.Strict rules and regulations to ensure compliance with IRS guidelines.e-QRP (Enhanced Qualified Retirement Plan):Similar to a 401(k) but with enhanced features for greater flexibility.Generally, more streamlined than SDIRA with fewer administrative requirements.Allows for real estate investments, business investments, and more.May offer more control and fewer restrictions compared to SDIRA.Financing Considerations:Both SDIRA and e-QRP can be used for financing, but the terms and conditions may differ.Check with your chosen custodian or plan administrator to understand the borrowing rules and any potential penalties.Tax Implications:Understand the tax implications of using retirement funds for real estate investments.Consult with a tax professional to ensure compliance and to minimize any adverse tax consequences.Market Conditions:Consider the current real estate market conditions in the location where you plan to buy the beach house.Evaluate potential risks and rewards, especially in the context of your investment horizon.Long-Term Strategy:Since you're planning to work for another five years and potentially sell the house later, ensure that your investment aligns with your long-term financial goals.Interest Rates and Economic Conditions:Monitor interest rates and economic conditions, as they can impact the timing and profitability of your real estate investment.Professional Advice:Consult with financial advisors, tax professionals, and legal experts to get personalized advice based on your specific financial situation and goals.Due Diligence:Perform thorough due diligence on the property, renovation costs, potential rental income, and local market trends.Remember that real estate investments, especially with retirement funds, require careful planning and adherence to regulations.
Pamela Maduro What are must have software/apps
17 January 2024 | 20 replies
We have many software recommendations based on what your needs are.For your Airbnb's, Pricelabs is a must for dynamic pricing, and airdna is a good place to pull comps for rents, etc.  
Shuvrajit Mukherjee How to finance first Multifamily deal?
19 January 2024 | 24 replies
If you have the cash to do the purchase and rehab without a loan, you could issue your self a single loan for both, then refinance WITHOUT cash out after the rehab to avoid higher fees and any seasoning requirements that lenders may have. 
Josh Milewski I'd Like Advice On My 10 Year Plan
19 January 2024 | 15 replies
We'll get a small fee out of the sale that should fund our efforts towards the next deal. 
Santino Sims New Member (Roseville, CA)
18 January 2024 | 19 replies
Until I pull the trigger, I'm trying to be as proactive as possible in regards to obtaining information and such.
Kevin S. Multiple SFR financing
16 January 2024 | 5 replies
Rates, Fees and procedure won't differ much if you are using an income based loan.