Jim Bentley
Handling SDIRA in a divorce
20 May 2016 | 5 replies
Such as;If the SDIRA is worth 100KIf the house equity is 80Kthe '20K difference' could be a payment of 5K per year for 4 yearsI would think it would be cumbersome to somehow (either the QDRO mentioned above or a simple judges order as I used) have each spouse own just 'part' of the same asset - I can see some potential conflicts coming up ;-).In my case, my SDIRA owned 1/3 of an LLC that owned 2 recently purchased properties so the value was established by the purchase prices, and the balance in the checking account for the LLC.
Yenlan Patton
UPDATE ; The Tenant out..Left infestation fleas the whole house
15 May 2016 | 17 replies
They literally all jumped on him (poor guy).
Carl E.
Hard Money Loan for Residential Construction
13 May 2016 | 5 replies
@Joel Comino I don't think you need a lawyer a decent RE agent or broker could put this simple paper work togetherwhat you will find though is a HML is not going to make a loan unless there is substantial CASH equity in the deal.. in our market here were the lot value is usually 1/3 rto 1/4 finished value having the lot free and clear and only borrowing vertical works with the HML.2 and 12 to 4 and 14 is what you pay..
Brad Birchfield
2 homes on 1 lot - zoning issue?
14 May 2016 | 3 replies
I have literally been to hundreds of different P&Z meetings in jurisdictions all over the country, and I can tell you that your chance of getting that approved is about 1 in 1,000,000.
Brendan Griffin
Need help structuring this deal
16 May 2016 | 10 replies
@Brendan Griffin A lease and a simple option to buy at a 20K discount, 20K paid for option should do it.Use a CT lawyer.
Preston Steele
Buying property in Honolulu
16 May 2016 | 4 replies
By literally sitting on Oahu real estate over time you'll make money.
Andrew Farmer
Getting an inherited "estate of" house under contract?
16 May 2016 | 5 replies
If this is the case, an administrator of the Decedent's estate may be appointed who will either be acting as the fiduciary of a Decedent's intestate estate or acting pursuant to a will for which no living person was qualified or willing to act.In many jurisdictions an informal summary probate is possible for a simple, low value estate that us uncontested which eliminates some of the lengthy delays of a full probate.
Dan Leyden
Give me your two cents...
14 May 2016 | 1 reply
Taxes 3,350Ins 1200 (guess)Rent 1100-1350 (most likely section 8)60k purchase5k rehab (simple cosmetic to attract better tenants)Cash purchase, cash out loan after.
Denise Evans
Tenant Background Checks and Fair Housing Violations
14 May 2016 | 4 replies
By the way, HUD does concede that we can automatically deny housing to people with convictions for drug manufacture or distribution, but not for simple possession.
Daniel Toshner
Package Deals/Commercial Loans?
14 May 2016 | 0 replies
Although, the rates are good and it has been fairly simple, I want an expedited way to acquire more properties at once.So I guess my questions are.