17 November 2021 | 4 replies
Wholesaling is antithetical to almost all brokerage rules since most transactions are handled off-market, with no sides or one side only going to an agent.
17 November 2021 | 1 reply
style="-webkit-font-smoothing: antialiased; margin: 0px; padding: 0px; border: 0px; font-family: "open sans", sans-serif; font-size: 1rem; font-style: normal; font-variant-caps: normal; font-weight: normal; font-stretch: inherit; line-height: 22px; vertical-align: baseline; position: relative; overflow: hidden; caret-color: rgb(52, 65, 77); color: rgb(52, 65, 77); letter-spacing: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255); text-decoration: none; height: 296px;">Who knows about the laws and rules regarding the # of units within a condo that are allowed to be rentals vs. owner-occupied?
17 December 2021 | 2 replies
You can control the investments and be a fund manager for your IRA.Plans that offer checkbook control will be much better than hiring a 3rd party custodian to process transactions on your behalf.
30 November 2021 | 2 replies
I live in the Western suburbs, but our duplex is in Saint Paul and I have done transactions many places in between!
23 November 2021 | 4 replies
If you do seek checkbook control via an IRA LLC or a Solo 401k, then the custodian is removed from the day to day transactions and ongoing fees are typically lower.
1 December 2021 | 3 replies
Neither the other co-owners, nor the sponsor, nor the manager may advance funds to a co-owner to meet expenses associated with the co-ownership interest unless the advance is recourse to the co-owner (and, where the co-owner is a disregarded entity, the owner of the co-owner) and is not for a period exceeding 31 days.The co-owners must share in any indebtedness secured by a blanket lien in proportion to their undivided interests.Distinguishing a Partnership From Co-Owners of Leased PropertyIn the case of property to be purchased by more than one equity investor and subjected to a long-term triple net lease, it may be possible for each equity investor to structure its participation as a purchase and lease of an undivided interest in the property, separate from the other equity investor's transaction, so as to preserve arguments that the equity investors are mere co-owners.
18 November 2021 | 2 replies
Would this be in the form of cross collaterizing my current portfolio with a single lender?
18 November 2021 | 0 replies
We own a brokerage and my wife ErinAnn Beebe handled our side of the transaction, she is excellent as well.
25 November 2021 | 2 replies
Purchase Price: $885,000 Taxes: $23,000 per year (yeah I know, welcome to NJ)Rents: $2,925 (3 Bed 1 Bath) , $2,925 (3 Bed 1 Bath) and $1,450 (1 Bed 1 Bath)Legal two family with third floor "border" apartment.
18 November 2021 | 3 replies
These are businesses that are coming here from across state and international borders.