Brian Leonard
Furnishing a Self-Directed IRA Purchased Rental
A few years ago I converted a few 401K's into one self-directed/checkbook IRA. I setup an LLC that facilitates the financial transactions on behalf of the IRA.I recently purchased a vacation rental via the LLC, from ...
Rishi Da
Wanted your thoughts on my practice deal analysis
Purchase Price: $420,000Down Payment + Closing Costs: $98,000Repair Cost: ~$50,000ARV: $570,000Forced Appreciation: $100,000Deal: $420,000Comp 1: $545,000Comp 2: $620,000Comp 3: $580,000This was just a on-the-surface ...
Jeff Rabinowitz
Solo 401ks are much easier to manage than SD IRAs.
The last couple deals I participated in were funded through my wife's Solo 401k. They were easy to initiate (only needed a mortgage, a note and a trip to the bank to send a wire) and to finalize (received a check via ...
Sam Leon
How much would you offer a previous owner for their records?
I have a contract to purchase a REO property which has a number of existing violations which has a daily fine over years which is substantial (over 300K).
The fines/liens have super-priority and thus surviv...
Eric Betten
Financing to participate in Auctions
Hello BP Community.
I am breaking into real estate investing this year as a licensed and insured electrician by trade. My goal is to flip in the first quarter and 1031 the proceeds into a cashflow property. My quest...
Jason Rogers
Help!! Flip Accounting
BP Community I need some help. First off I understand that you are not a tax professional (and even if you are you are not giving me professional advice). I plan to speak with my tax advisor on Monday but I need to cl...
Will M.
Anyone slowing down on purchases due to a possible correction?
Hello,I'm new to RE investing and actively searching for my first multifamily property. That said, as my plan is to hold these properties for my retirement, I'm apprehensive to get into the market now as it appears we...
Allen Bo
Incorrect measurement of property lot in County records
I started the remodel process with a GC of the property I own and the first thing they did was to measure the property lot.It turned out that the county record has 6-ft less width for the lot than the actual length th...
Sierra Johnson
Market Crash, rumor or warning
What are we thinking about the talk of the foreseeable "Market crash"? I suppose this is all opinion-based and speculations, but it doesn't hurt to hear others' suggestions and strategy. I work with a lot of people wh...
Edward Pulido
BRRRR Deal Analysis Help!
So I have a few SFH's that are rented out, and I have thought about trying the BRRRR strategy for a little while. I am having trouble wrapping my mind around this deal and would like someone to look it over before I m...