I am planning to open a Checkbook Self-Directed IRA LLC through a custodian that supports these accounts. I understand that you also need to obtain an EIN for the purpose of opening a bank account in the LLC's name, ...
Say a person let's his investment property go back to the bank in a completed foreclosure by publication. He paid $185,000 and owes $160,000 and the bank's loss after selling and holding cost expenses is $20,000. Wh...
I am considering purchasing a short term rental in an area that would see traffic 10 months out of the year. My question involves the financing of the deal. I have the deed to my primary home. Am I able to finance the...
Hi, I wanted to know what the legal repercussions are of renting a home that you bought as your primary residence. My mortgage says that if I do this I could be fined or even enprisoned for lying about the occupancy. ...
Well I close in a few weeks on my first rental. It is a duplex with a current tenant and I will occupy the other side (owner occupy). I have tons of books all of which I have read cover to cover, however I would like ...
Preparing Loan Requests That Get Funded Lenders are driven by many factors; one of them is self-preservation. Simply put, no lender wants to make a deal that goes “upside down” Therefore, a would-be borrower, wants to...
Hi,My rental property is a single-family home. I had to replace the fences after a strong storm last year, which costed $4200 in materials and labor. Is it possible for me to declare it as a repair and deduct the expe...
This passage courtesy of Scott Purcell at FundAmerica:BREAKING NEWS – The SEC will Vote on Final Rules for Title III Crowdfunding this Friday October 30th @ 10amWhat does this mean? At long last, ...