Jayne Overbeck
New Investor from Michigan
23 August 2016 | 10 replies
Hi Nick,The house we flipped was in Grand Rapids - Lowell is such a small market and our inventory is so low - we made a bid on one in Lowell but it needed so much work and someone outbid us but we felt it wasn't worth it - we don't attend the court house auctions every month but know people that do - most of them are regulars.
Sameet Koppikar
Is it worth buying real estate through your SDIRA?
7 September 2016 | 49 replies
If the SDIRA is engaging in a trade or business on a regular or repeated basis (primary focus or otherwise) then it is subject to UBTI.The code outlines that if a tax-exempt entity is engaging in a trade or business separate from its primary tax-exempt mission - such as a hospital providing healthcare - there is exposure to UBIT, such as if the hospital runs a bookstore.
Daniel Fenn
Investing from an IRA
6 September 2015 | 8 replies
Only after the RMD is satisfied for a year may an individual convert the balance (or portion thereof) to a Roth IRA .RMDs that are mistakenly converted become regular Roth IRA contributions for the year of the deposit.
Meg K.
Panicking
31 August 2015 | 44 replies
I bought a duplex and lived on one side so wanted to be really picky about who lived next to me since I'd have to see them regularly (I pass right by their door every day).
Craig Bowen
How Do You Use Your Written Business Plan?
21 June 2016 | 1 reply
I always envision myself updating it religiously and modifying it as I go forward, and making sure that all my key partners receive regular versions....and ....then....I.....kinda.....peter.....out.Suggestions and examples of how you use your plan and times when it has proved beneficial for all the work you put into it would be motivating, educational and very much appreciated!!
Andy Kaye
Cosigners -- do you accept them?
1 December 2015 | 11 replies
if everything is else looks good you can accept them with additional criteria such as:cosigners income must be 2 times what you require of a regular applicant.credit check on co signerverify paystubs of cosigner
Nick Markovsky
1031 Exchange - Mixed use property
6 August 2015 | 6 replies
In your case, the net sale price will be $530K less your routine selling expenses such as broker's commission, title insurance costs, escrow or closing agent expenses, recording fees, exchange fees, etc.
Kayman K.
Maryland Property Managment Startup
11 August 2015 | 5 replies
We will be using a team of licensed realtors to fill vacancies and can provide in-house handyman services for regular maintenance at a discount.
Joy Hardin
Do you provide HVAC filters for your tenants?
12 August 2015 | 9 replies
Good quality filters changed regularly, (you cannot count on a renter to do this), will save you thousands on HVAC repair.
Ramsey Howard
Quit Claim Deed - Best Practices
11 November 2016 | 10 replies
The Quitclaim Deed isn't as strong as another type of deed ( like a special warranty or just a "regular" Warranty Deed - but it will work fine.All it says is that the person who gave it to you relinquishes any control over the property - you still have the same position as before- except maybe 100% ownership now.