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7 September 2024 | 85 replies
Please see more below:Solo 401k vs Self-directed IRA:A Solo 401k has several advantages as compared to a Self-Directed IRA including the following which specifically apply to your situation:Unlike a Self-directed IRA, you can have the account for the Solo 401k at a bank or brokerage that does not charge maintenance fees and where you will have checkbook control.Unlike a Self-directed IRA, if you use leverage (which must be non-recourse financing in either case) to acquire real estate with your Solo 401k the income will not be subject to Unrelated Debt Finance Income taxGeneral Considerations Re Investing Retirement Funds in Real Estate:1.
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4 September 2024 | 3 replies
You need to search for properties near your subject property deal that look like and have the same size as your end result aka a comp aka a comparable.Any quality agent can run your comparable market analysis (CMA), and over time, with practice, you can run your own comps.
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5 September 2024 | 4 replies
All Contractors are subject to the lender’s determination that the contractors are qualified and experienced, have all appropriate credentials required by the state, are financially able to perform the duties necessary to complete the renovation work in a timely manner, and agree to indemnify the borrower for all property losses or damages caused by its employees or subcontractors.Multiple Specialized Contractors:Ø Since this is a limited repair/renovation program, no General Contractor is required.
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4 September 2024 | 10 replies
We can even issue a TBD pre-approval without a subject property.
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3 September 2024 | 2 replies
That's a very subjective issue.I would want to ensure you aren't missing the outside.
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30 August 2024 | 3 replies
I know to VA lets you assume the loan true a subject to method and thats my plan.any advice on how does that work?
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4 September 2024 | 14 replies
My concern was small single person businesses are subject to robberies which occurred frequently in the area in the early 1980's.The building was built in 1890 and NYC established building codes in the 1920's, and someone owned it all the while passed and my dad offered to purchase it but was beaten to it by a flipper who got it for $23K, and he bought it from the flipper for $25K.
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3 September 2024 | 47 replies
Just be aware that when opening these accounts they all will be subject to min balance requirements.
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5 September 2024 | 11 replies
Even more, if these lenders are to be mentioned, then having a post with subject title that will be easily found will be great.
4 September 2024 | 11 replies
Finally, cameras are a touchy subject.