Marty Summers
SFR or Multi-family?
4 November 2018 | 11 replies
We have increased rents on about 8 units now by over $200/mo each by turning 1 and 2 bedrooms into 3 bedrooms.
William Castiglione
Self directed IRA questions?
29 September 2018 | 10 replies
Because of the prohibited transaction rules, doing so could be a violation of the rules, or at the very least, would limit your flexibility with the investment and increase the chances of a prohibited transaction occurring after the investment is made.Here are some alternatives to commingling the assets: using the Solo participant loan feature to do the deal outside of retirement funds using non-recourse financing from a lender or private source in combination with retirement funds as the down paymentusing a 401k or IRA and partnering with non-disqualified persons
Patrick Vos
Should you get your own real estate license?
22 April 2022 | 12 replies
.- Yes, there is increased liability; however, if you take earning your license seriously, it doesn't take much to understand what must be disclosed, how to disclose it, etc.
Account Closed
Growing Solo 401K via Note to Trustee?
24 September 2018 | 5 replies
I have a self-directed 401K (solo 401k), and purchasing real estate for buy and hold.However, I would like to grow it by taking after tax dollars (W2) and issuing myself a promissory note of 50K but instead of doing “minimum” payments of prime + 1%, could I artificially increase it to say prime + 5%?
Jocelyn Bradley
Analyze this deal - Section 8 Housing
24 September 2018 | 1 reply
Just touring the units will give you a good idea on how they treat the property and also gives you a chance to ask them if they like staying there or if there are any issues you should be aware of.
Jacke Draper
Solo 401k - Self Dealing after 59 1/2 yrs
25 September 2018 | 8 replies
Because of the prohibited transaction rules, doing so could be a violation of the rules, or at the very least, would limit your flexibility with the investment and increase the chances of a prohibited transaction occurring after the investment is made.
Jason Barnes
I don’t understand how they do it
26 September 2018 | 20 replies
If they do this correctly they can do it with multiple properties and keep increasing their wealth.
Patrick Philip
Need some help running comps?
28 September 2018 | 5 replies
Although I am a Realtor and have access to the MLS and can see old listings, I have seen that Redfin has been pretty reliable as a #2 option.All in all, you want to compare properties with as many similar features as possible and be aware of the obvious outliers, with the main culprit being size difference (You really don't want to compare a 3000 sq. ft. house with 3 bedrooms to a 900 sq. ft. house with 3 bedrooms).
Jeff Marciniak
Need Recommendation on Raising Rent
25 September 2018 | 13 replies
The lease is month-to-month.I’m looking for a recommendation on how to increase the rent.
Cali Skier
Buying a house with a Tenant in it, wants to break lease
6 October 2018 | 9 replies
He was not fully aware of what his wife was doing when they signed the original lease, but I reviewed the lease and both he and his wife signed it.2.He stated that he was military and that there are stipulations other than receiving new orders to a new base that allow him to break the lease, he gave TDY as an example.