Chris Weiler
New Fannie and Freddie Servicing Requirements for Short Sales
I have seen a few blogs (not on Bigger Pockets) for this with no references. Apparently on January 18th, Fannie and Freddie announced changes to title transfer requirements. The new requirements are:
The buyer is pro...
Margaret Martindale
Vacating tenant painted phrases on walls
I need verbage for my rental contract which would make it clear that painting or sticking phrases etc on the walls is prohibited. Great tenants just moved out and we found the property on excellent condition except f...
Monte Young
Selling an asset to a self directed 401K
I own a tri-plex with a partner 50/50. i plan to sell her my half interest for the debt plus 100K with no cash changing hands. I will then sell a property owned by my 401K. With those funds I will purchase the prop...
Dick Rosen
FHA Flip Rule Changes
Just received this from one of my mortgage contacts, thought I'd share:The Federal Housing Administration's (FHA) Office of Single Family Housing announced that "the temporary waiver of FHA's regulation that prohibits...
Ronald Hunt
Short Sale deals
I'm looking to network with as many people as possible in the Indianapolis, IN area who seek short sale opportunities. From time to time, these deals are presented to me and I have not yet took that approach in my re...
Neil Shahi
SDIRA recommendation for low fees
Best SDIRA with lowest fees?
2 accounts total $1.5 million for this.
Any that allow to keep unused cash invested in income generating financial investment options.Intentions is to invest in multi-family deals. My u...
Dillon Cockrell
STR limitations in Chapel Hill?
I’m looking to get into REI in the Chapel Hill or Carrboro area, and have been considering STRs. I’m confused by the city limitations on dedicated STR as it looks like they’re quite restricted, although there are many...
Daniel Dietz
Can a SDIRA "Lend money to an LLC it is part of"?
Hello All, I am *thinking* that this is a prohibited transaction, but thought I would check here and get some feedback. I was researching methods of partnering outside of SDRIAs and came across this idea. Say Partner ...
Nick Stango
Lending money to a relative from a self directed IRA w/o penalties
Hey investors, does anyone know how to take money from a self directed IRA to fund a deal for a relative without getting penalized. Like maybe creating a LLC investment fund with a company name? Thank you, Nick
John Thedford
Is It Better To Hold SFR Investments Inside Or Outside An IRA or 401K?
I have a self directed 401K which would allow me to buy real estate inside the plan. I have a local friend that invests and he hold RE outside his retirement plan. I am curious as to the pros and cons of both avenues....