Michele Z.
REI, Taxes and Military
9 January 2020 | 3 replies
Since we're hoping to acquire multiple properties we felt it was time to look for someone new to do our taxes and provide advice for financial planning and future REI.
Alessandro Storniolo
Hard Money Lender w/ No Loan Minimum In Texas???
21 November 2021 | 7 replies
I plan on using the BRRRR strategy, is there any other way i could acquire a short term loan to refinance into a long term loan?
Ignacio De la Torre
Lists and Ranking of Self Directed IRA Custodians
9 January 2020 | 1 reply
In addition, if you are self-employed with no full-time employees you may wish to consider opening a Solo 401k instead of a self-directed IRA as it has several advantages over an IRA LLC such as much higher contribution limits, direct checkbook control (i.e. no need to have the account at a specialty trust company), ability to take a 401k loan, exclusion from unrelated debt finance income tax with respect to investment in real estate acquired with non-recourse financing, etc.In addition, please note if you purchase debt-financed real estate with your IRA, unrelated debt finance income tax should apply to the income attributable to debt-financed real estate held by your IRA.
John Tham
Real Estate Investing with Traditional & Roth IRAs
11 January 2020 | 5 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.
Jordan Kennedy
Foreigner looking to invest in US
12 January 2020 | 5 replies
I'm also partnered up on a couple of deals here but I'd like to explore expanding into the US as I read a lot of books & listen to many podcasts about the US market.Over the past few months I have been piecing together small bits of information but I'm wondering if anyone has any suggestions of books, podcasts, blogs etc that offer a lot of information on this type of situation.I have been in contact with a number of banks in the US about acquiring finance but most of them are more geared towards helping foreign nationals purchase one property to live in while they move or work within the US.
Adam Heseltine
BRRRR Strategy ? Need help
13 January 2020 | 4 replies
Another thing that comes to mind (which you probably have considered) would be bringing in a friend/relative/partner to help acquire the loan, if you can come up with an agreement you are both happy with.
Michael Shea
Strategies for Financing Multiple Rental Properties w/ DTI Ratios
10 January 2020 | 4 replies
My challenge is now that I've begun I'm going to run into lending issues and DTI ratios that will be a road block once I've acquired 5 to 10 properties (depending on the lender) and won't be able to sustain this strategy.
Tom Donnelly
Would you buy this deal in Sevier County, TN?
3 February 2020 | 28 replies
I acquired this property using the 1031 exchange.
Alison Cummins
Preventing cat urine damage
13 January 2020 | 16 replies
However, many rent supply stores have them for rent and every insurance claim with odor issues (fires and water issues (mold)) includes there use in the remediation.
Jessie Huffey
Mold at same time as lease violation
10 January 2020 | 3 replies
Remediate the mold problem asap.