Tikka Koti
Wrong lot size on MLS, under contract in due diligence period
7 December 2021 | 30 replies
The fee is non-refundable, as opposed to the EMD which is often refundable.
Jason Malabute
UBTI and self directed IRA
30 November 2021 | 4 replies
@Jason MalabuteIt will depend on the nature of the partnership and how income is produced.As a limited partner, the IRA will have tax liability if taxable income to an IRA is created by the partnership.If the partnership is engaging in a trade or business (as opposed to generating passive income like rents) then there will be taxable Unrelated Business Taxable Income (UBTI).If the partnership is using debt-financing then there will be taxable Unrelated Debt-Financed Income (UDFI).The presence of UBTI and/or UDFI will require the IRA to file a trust tax return on form 990-T and pay the resulting Unrelated Business Income Tax (UBIT).It is always best to check with licensed tax counsel who can review the specifics of your intended IRA investment.
Al Tresor
Checklist to start out?
2 December 2021 | 3 replies
I have not done it myself, but am not opposed to it!
Franko Shenault
Options for financing two multi unit from same seller??
6 May 2021 | 4 replies
Im definitely not opposed to conventional, it's more that we are competing with cash offers and quick closes.
Jerry Tello
Moving to DFW Texas from Oceanside, California
7 May 2021 | 5 replies
All are always looking for more agents, so it's really more of a process where you interview them as opposed to them interviewing you.
Blaine Moore
How to properly value a performing short-term rental
7 May 2021 | 11 replies
Does anyone know what type of lender would look at more of the revenue generated as opposed to the actual value of the property?
Benjamin McCrite
How do I figure out comps for a commercial building?
12 May 2021 | 10 replies
Brokers work for commission and would prefer to be “in the deal” as opposed to pulling data for $.
Billy Daniel
Price of Materials?!?
10 May 2021 | 5 replies
A few weeks ago, I saved nearly $850 on lumber and fasteners by purchasing from 84 Lumber on a deck/roof project as opposed to HD.
Mel Hayes
Cash-out Refi Interest Rates
29 July 2021 | 40 replies
@Peter Morgan, for loans on investment properties, it would not be unusual for there to be a slight upward rate adjustment for a property that had 2-4 units or for a condo property (as opposed to a SFH).
Rebecca Acer
Great deal - struggling with funding- any suggestions
6 August 2021 | 6 replies
We aren't opposed to hard money, just nervous to sign onto 5,000+ a month payment while still paying for our own housing and going into another pandemic wave.