Mike H.
What investors really need
What we really need is for local banks to start doing commercial loans on investment properties (SFH) again.
I know some states are still doing these types of loans. But here in Illinois, our local banks have complet...
Jerry K.
Bloomberg article on SD IRA & Real Estate investing
Bloomberg had this article on using SD IRA and investing in real estate from November 27, 2012
http://www.bloomberg.com/news/2012-11-27/investing-in-real-estate-with-a-self-directed-ira.html
James Sullivan
SDIRA checkbook status and credit card
I have recently went through the process of setting up my SDIRA with checkbook status. The bank that is housing the LLC insisted that I have a credit card. Is it a prohibited transaction to use the LLC credit card to ...
Kristopher Kyzar
Can property purchases with IRA be financed out of IRA?
If a property is purchased using a Self-Directed IRA, and is retained as rental property, can that property be financed out of the IRA into the company/owner's name with payback of the funds drawn on the IRA? What ru...
Jacek Nowakowski
Transactional funding underwriting
Hello,
I'm a private lender and I've been approached recently about providing transactional funding for a wholesale deal. I've never done one of these transactions before but have researched them online. I was wonder...
Tyler Caruso
Self Directed Ira question
I had some funds remaining in my self directed ira and wanted to see if this would be an acceptable transaction.Here's the scenario:Tyler's (me) Ira lends 50k to John (made up individual) via secured promissory noteJ...
Nat Rojas
Process Improvement: Submit 100 Offers before or After Comps?
Hi BP Team!TLDR: Submit Offers after I receive Comps or submit offer, get accepted then during due diligence phase review comps and other due diligence activities?Starting out and looking to continue to improve my pro...
Brian Klingbail
Ordinary business income vs. long term cap gain on K1
Hello All,I just got back my K1 from the accountant on a property that I purchased in 3/2013, rented out and then sold in 6/2014. The K1 has all of the profit listed on line 1 as ordinary business income and does not...
Brenda E.
Just Bought 4-Plex that is Rented
Hi, BPer's. 2 months ago, we bought a single family home (our first rental!) It was a mess and had to be repainted and all flooring removed. But we got it done and rented. Now my husband is seeing the benefits of ...
Mason Jenkins
Wholesaling, gurus, “third word”
Hi everybody, brand new here and to real estate altogether. I have a few questions and I’m going to try to consolidate them into one post.
My first question pertains to wholesaling. This is my “get rich quick scheme...