Greetings, I am a Real Estate Broker based in Washington State, with extensive experience in residential real estate and recent involvement in commercial properties.

What I've done for our quest outside the USA is to find the best local real estate agent in the area I'm looking in.

I think you should buy real estate, I just want you to be smart.

I am in PCB as well, but my CPA won't believe me writing off a trip to Panama City, Panama, for "Real Estate."

Hello everyonei am new to real estate and on his forum, i am from Africa Malawi and i want to be a real estate investor how best can i utilise his platform for my country and make it work for me?

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

And, even if you could find an appraiser to do an evaluation, it's not clear how that would help you.As you state, the motel has been shut down for nearly three years, so there's no current financial data.But even if you had recent numbers, you're planning to operate it as a sober living facility, which I suspect is a very different business model.You need to find a comparable facility in or near your local market and develop your own customized financial analysis model based upon this particular property.Then, given your business objectives (cash flow and cash-on-cash return, I assume), you'll need to back into what purchase terms you'll need to achieve those objectives.Only then will you be able to determine whether these seller financing terms will work.As far as documentation to get started, a letter of intent (LOI) is commonly used but you might move straight to a purchase and sale agreement, particularly if no agent is involved.Whichever path you choose, just be certain to give yourself plenty of time to thoroughly perform your due-diligence.

I just set up my solo 401k under uDirectIRA, and the LLC that will be 100% owned by the 401k, and ready to buy real estate using the LLC.My question is regarding taxation. 

Spoke to a local real estate agent and some others and so far everyone says that it would be a huge headache (legalities etc) and would cost a ton up front.