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14 November 2017 | 11 replies
There are several tax experts who are active here on the forum who might be able to assist you.But first you need to decide which type of retirement account is the right fit for you: you can have a custodial self-directed IRA, or you can enhance it with the checkbook control by setting up Checkbook IRA (aka IRA owned LLC).
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6 November 2017 | 9 replies
Then I would spend time searching for like properties on Airbnb and VRBO, looking at ADR's (average daily rates) and occupancy to validate my numbers.Mike
6 November 2017 | 2 replies
The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood; who strives valiantly; who errs, who comes short again and again, because there is no effort without error and shortcoming; but who does actually strive to do the deeds; who knows great enthusiasms, the great devotions; who spends himself in a worthy cause; who at the best knows in the end the triumph of high achievement, and who at the worst, if he fails, at least fails while daring greatly, so that his place shall never be with those cold and timid souls who neither know victory nor defeat."
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14 November 2017 | 40 replies
Just remember: If you spend a ton of "time" doing activities that do not yield you the BIG returns (ie, finding more crazy awesome deals), then you could miss out on the next one.
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7 November 2017 | 12 replies
Do not spend too much time on this but at least know a few guys at your local REIA that are actively flipping that you can sell to when you get your first assignment. 2) Next develop your strategy, build a list of at least 200 properties to mail to.
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10 November 2017 | 8 replies
Also be prepared to accommodate assistance animals.
22 October 2018 | 25 replies
He is getting ready to put her in a full 24 hour care facilitly soon and asked me for assistance.
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12 November 2017 | 15 replies
The buyer in the deal negotiated a sale price with a 3% seller assist and had lending for a first mortgage of 97% which was a conventional 30 year mortgage with standard interest rate at that time and the 2nd mortgage was a bit less than 3% at a 0% interest rate amortized over 10 years.
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15 November 2017 | 12 replies
Happy to network and assist.
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6 November 2017 | 1 reply
Most of my success building my rental portfolio has come in areas of purchase prices between $70,000 - $100,000 so I would prefer not to have to force myself to spend more money on property just to meet a minimum loan amount if 100k after 25% down payment.