Manmath D.
Switching to SDIRA, finding sponsors and getting into MF
I wanted to know your thoughts on this. I was thinking of moving close to $200k from an old 401k account into SDIRA. I’m not much familiar with SD custodians. Only one I know is Speciaized trust company. Do they vary...
Femi Ibrahim
How New Western Acquisitions Made Me Lose my Life Savings ($70k)
I bought a house from Tanner Hester (a New Western agent) in June 2019. There were lots of issues with the house as follows:1) The house was built without a permit2) The house was for the most part sitting on the floo...
Lauren Hogan
(SURVEY) It's tax season and we have a few questions!
BiggerPockets would like to know how you approach taxes. I've created a (less than) 5-minute survey and it's completely anonymous. You can take the survey here: https://www.surveymonkey.com/r/MJY6RD8 Thank you to ever...
Bob Malecki
Question on 2nd position npn in CA -- can I contact borrower?
Hi All,
I just purchased a nonperforming note in 2nd position on a nice home in Los Angeles. The first is performing and listed with Chase. There is equity in the property even with both the first and my seco...
Ken Latchers
Real Estate Guru Speak - some thoughts
Although I started in real estate some 20 years ago, I have been watching a wide variety of webinars recently, seeing if there are truly useful ideas out there
So far, these are some thoughts I have:
- Value - many ...
Cory T.
Evicting renter from a vacation rental property
Hello All,I have a one-bedroom vacation rental condo in Palm Springs that has been listed on AirBnB for about a year now. I have my first stressful problem: a vacation renter with a 44 day reservation who will NOT lea...
Karen F.
Class C landlords - better build up some cash reserves
To any LLs who rent to people who are working class but pay their own, unsubsidized rent: be advised that you should build up some cash reserves. New England Journal of Medicine just published a case report of the di...
Dyryl Burnett
Seeking Wisdom! Frustration is getting the best of me!
Hello All,Pray this message reaches everyone in peaceful spirits. HELP!!!For the past two years, I have been looking to get into Buy & Hold investing, however different dilemma always seems to creep into the plan....
Ton Ratana
Can I use my LLC to manage rental properties it doesn't own?
I just got my first rental property, the mortgage is under personal (myself). I then started an LLC to do property management on it.I plan to use this LLC as a landlord to do contracts with tenants and collect rents,...