I have a question regarding modifying a defaulted 1st lien on a property. Here is an example. The original payment was extremely low, say $200. It was since defaulted on years ago, and now arrears have accrued. Is the...
I'm considering using my IRA as self directed to buy my first rental property and I have several questions. I have roughly 25K in a traditional IRA to invest. I'm looking at a turnkey property.1. If I use the IRA to f...
@Linda WeygantI have a couple of questions and know exactly the right person to ask so I've tagged Linda Weygant a CPA that was on podcast #244. Definitely my favorite podcast by far not sure if that is because I'm an...
I am looking at two proformas for one investment and noticed the following:
1. The discount rate is 10 percent for an un-leveraged investment on the proforma and yields an IRR of 11 percent.
2. The discount rate is ...
Hello all,
I am currently rehabbing a duplex and today I removed the layers upon layers of flooring in the kitchen (8 different floors, kinda cool tbh) to find pretty decent hardwood flooring underneath. This discove...
Ok. So we evicted a tenant and filed for a judgement against the tenant. 1. Tenant didn't show, default judgment, on both eviction and small claims.2. Tenant filed for an appeal to dismiss the default, 49 days after ...
Quick question here. If I open an SDIRA, how much of the balance can be used for investing? Can I invest it all and have a zero balance, or will I need to keep a certain amount in reserve?
Because I want to keep my day job for now I need to find someone to help me take care of the day to day in the flipping department. I have a dinner set up with some clients of my wife. They are looking to get into fli...
My tenant messaged me last night asking me to get him a new stove because his isn't working. The stove caught on fire last week and is probably why the stove top stopped working. Normally I would just replace it no pr...
How do I get the actual contracts to do a lease option? All the courses I see online want $700.
I have a house with no mortgage and I have some people interested in buying who can't get a loan.
Hod do I structure a...