Daniel Guillermo
IRA Custodian recommendation
I have decided to open a self-directed IRA to invest in rental property. I was wondering if anyone could recommend an IRA custodian that I could use. I'd like one that is easy to work with and has reasonable fees...
Account Closed
Approved Tenant requires Owner's SSN/Taxpayer ID for 'Reporting' purposes
does the approved tenant (for one of the 2 units in a legal duplex) have legal grounds to be demanding the owner's (landlord's) taxpayer id? tenant explanation is that intends to file a 1099 for each year she is owner...
Guadalupe Esquivel
"Subject To" Deals
I don't fully understand how or why a person would just hand over the title to their property. Also, after you get title of the Subject To property, what do you do? How does the strategy work? Can somebody provide a c...
Brian Schmelzlen
Bad News for Buy and Hold Residential Investors
For the past 8 months, tax professionals have been studying Section 199A (the 20% pass-through business deduction) and trying to position their clients to best be able to maximize their deduction. However, we have be...
Brian Burke
Offer Accepted: Almost $2 million under appraisal, but can we fu
Offer Accepted: Almost $2 million under appraisal, but can we fund it?I fund most of my deals through some type of pooled investment, whether I raise money on a deal-by-deal basis or through a blind pool fund. It ca...
Brook W.
Using Energy Efficiency as a Strategy
Hi Folks. I am interested in hearing from anyone who has successfully insulated and installed energy-saving or high-efficiency products. I am interested in hearing if you've frontloaded the cost and really benefitt...
Account Closed
20 Units financial Due Diligence question ($3m deal)
Hi all, I am in due diligence state for this deal (seller financing). The seller is an old guy who manages the property himself and does not use any software. He even mixed with personal bank account with all rent dep...
Charlie Shew
Can I BRRRR with a self directed IRA?
I have been trying to learn more about the self-directed IRA because my potential investment money is currently setting in a traditional IRA. I find the BRRRR method most appealing. Would I be able to purchase a home,...
Bryan Cork
Becoming a property manager for someone else’s property?
Hello all! My wife and I own a SFR that we manage ourselves, and have for the better part of 3 years. That makes me know just enough to be dangerous :)
So now my parents want to buy a rental property and they want us...
Kimar Abdul-Samad
UNABLE TO LLC
The reason is because its a Fannie Mae property I have to have the contract in my name. I spoke with an attorney that told me that the only way to transfer it into my LLC is to default the loan. This doesn't sound l...