David White
House under contract with no buyers lined up
24 September 2016 | 81 replies
Sellers often hire a auction company, which advertises the property for sale and typically hosts maybe one open house to show off the home.
Cody Blackburn
$11,000. How should I use it?
16 September 2016 | 5 replies
If your not thinking the rental route, I have to say I personally received an excellent education buying and flipping my first property, did 80% of the work myself, watching youtube videos to learn how to tile along the way, etc.
Account Closed
What offer should I make to the owner about this property?
17 September 2016 | 15 replies
Account Closed,Lenders typically start their own "wheels" in motion after the third missed payment, but it can still take a while before they get to the point of beginning the process of foreclosure.That said, Brian called it: offer him what he owes - you decide if you want to give him any more than that as an incentive to cooperate.
Adrian G.
How much would you pay for this foundation?
16 September 2016 | 7 replies
Your grade beam is typical.
Lindsay McLaughlin
Need refi on rental properties
19 September 2016 | 4 replies
My property values are low, in the 40s, so no one wants to touch them for a typical refi.
Haseeb Awan
Recommendation on Accountants/Lawyers in Michigan for Canadians
17 September 2016 | 4 replies
I think all you need is a title company to close your transactions - no don't need an account at this time - most title companies have lawyers to close your transactions -You should make sure that you buy real estate at a giant discount - Understand the management process - learn how to be a good landlord - a tenant is a customer - the tenant is the person who will pay for your mortgage - treat them well.Find discounted real estate from landlords who find themselves in rent court -Start to deal directly with owners - I don't think you should depend on agents selling retail properties - you need to go under-ground for great deals -Tax salesPublic AuctionsRun print ads and radio commercialsInternet - 5 weeks ago I created an internet site - I have received over 200 leads - have 70 offers out there and 15 ratified contracts - learn those systems and you will do well.Expired listings - go knock on some of those doors - an expired listing is FAILURE of property to sell - I am sure the sellers are not happy - go find them and solve their problems.Direct mail to commercial properties owners - commercial buildings can be great profit center - when you advertise for real estate - signs - internet or mailings always advertise - WANTED REAL ESTATE - houses - commercial and non-conforming properties - all cash -as is - no commission.
Casey Miles
Roofers in Albuquerque (I need a new roof)
16 September 2016 | 1 reply
We've received some quotes but they are all over the board and vary $7k between the low and high bids.
Brett Welschmeyer
First Purchase - Should I do this deal?
17 September 2016 | 3 replies
County GIS is typically not accurate and used for determine tax value only.
Talmadge Lawing
Setting up LLCs and self directed IRAs
23 September 2016 | 7 replies
., former employer 401k) to a solo 401k are not reported on Form 5498, but rather on Form 5500-EZ, but only if the air market value of the solo 401k exceeds $250K as of the end of the plan year (generally 12/31);When funds are rolled over or transferred from an IRA or 401k to a self-directed IRA, the amount deposited into the self-directed IRA is reported on Form 5498 by the receiving self-directed IRA custodian by May of the year following the rollover/transfer.Rollovers (provided the 60 day rollover window is satisfied) from an IRA to a Solo 401k or self-directed IRA are reported on lines 15a and 15b of Form 1040;Pre-tax IRA contributions on reported on line 32 of Form 1040;Pre-tax solo 401k contributions are reported on line 28 of Form 1040;Roth solo 401k funds are subject to RMDs;A Roth 401k may be transferred to a Roth IRA (Note that from a planning perspective, it may be advantageous to transfer Roth Solo 401k funds to a Roth IRA before turning age 70 ½ in order to escape the Roth RMD requirement applicable to Roth 401k contributions including Roth Solo 401k contributions and earnings.)