Jason Hudson
Seller with due diligence
Is it a normal practice for a seller to require you to be under contract before they will provide any type of due diligence you ask of before even making an offer? Seller won’t provide financials or anything whatsoeve...
David Morgan
Self-directed Roth 401(k) questions
I have a few questions about investing in real estate with a Roth 401(k):
1.) If at age 45 I buy a vacation rental, and at age 59.5 I want to start using it for family vacations, would I first need to distribute the ...
Michael Williams
Preparing myself for my first apartment
What preparations should I start to make before I purchase my first Multi-Family property in 2022? What systems should I have in place? What contacts should have in place (Lawyer, property manager, insurance agent, et...
Brendan L.
Tax question: first time homebuyer exception for IRA
Ok, so here is the order of events:Before the end of last tax year, made a 5.5k after-tax contribution to an IRA. Did not file for the deduction on that money. Withdrew the 5.5k from the IRA to help with closing on fi...
Hal Cranmer
I just got a big tax bill from the IRS on my SDIRA
Hi. Before I start this post I want to acknowledge this is my fault for not being more careful, but I am still really ticked off.
In June, 2011, I switched my wife's 401k from an old employer into a SDIRA. I distin...
Ugochukwu Opara
Ballparking Estimates for MultiFamily:- How do you do it?!!!!
Ballparking estimates for MultiFamily:
Moderate rehab: $20 to $25 per square foot
Substancial rehab: $35 to $40 per square foot
Gut rehab: $55 to $70 per square foot
What are your thoughts?
Mike D.
Early termination fees on mortgages
My mortgages have an early termination fee equal to 2% of the loan balance if the loan is moved to another bank. Do banks generally charge the fee if you've been good long term customer?
I want to roll everything in...
Michael Braatz
30 year ARM, 5 year note 10% down
Hey all,Pre first deal guy here. My partners and I have begun setting our plan in motion over the past couple days. We talked to a lender in the Greater Milwaukee Area, Waukesha State Bank and they were offering the...
Shawn Alleman
Buy and hold
we have been buying and holding rental property for 10 yrs. End the past we were BEGGING banks to lend us purchase price with rehab money, which we all know is getting super hard to do. We are currently using "hard mo...
Stephen Aki
Converting ROTH to Traditional then to Solo 401K Plausible?
So, I've been searching for how I get my current investments into a Solo 401k. After doing some digging I found that I cannot roll my current ROTH into a solo 401k. I believe I can roll it into a traditional IRA whi...