Account Closed
Prohibited from walking on property/ inspecting. 100 % RISK
Hello and thank you in advance for your response.On one of the online foreclosure sites that i am looking at states in their disclaimer that '' Buyer shall have no physical access to Property to conduct inspections, a...
Lance Schaefer
Help with a prohibitive clause with Fannie Mae
I am making offers on Fannie Mae REO's through Homepath.com. In their offer to purchase contract there is a clause that says it is not assignable. Does anyone have a way around this?
I want to wholesale to rehabbers...
Frank Rizzo
SD IRA Real Estate investment question | Prohibited transactions
I have a home building company and a real estate sales company. I would like to use a Self-directed IRA to purchase lots. My building company would build single family homes on the lots, and my real estate sales compa...
Chris Farrugia
New rules prohibit vans. Board will not enforce.
Hi everyone,I live in a neighborhood of townhouses in Florida deeded single family and we have an HOA. A couple of months ago, new rules were published with a new rule that all vehicles must fit into the garage to be...
Tim Criswell
Prohibited Transactions with a Self-Directed IRA/LLC
Is it "IRS legal" to buy a distressed property with a self directed IRA-LLC, hire a contractor to do all of the rehab., hire an atty., a realtor and other third party services to process the documents, and put every p...
Account Closed
Can I Prohibit Smokers From Renting from Me?
Can I prohibit smokers from renting one of my apartments, or ask if they are smokers when screening tenants?
I'd figure this be in the "nuisance clause" being that it can be a health risk to myself and other tenants?...
Account Closed
Prohibited from owning another property for 3 years
Under the Good Neighbor Next Door (for teachers, police, firefighters, and EMTs) program from HUD, you take on a second "silent" mortgage for the 50% discount off the appraised value, and must OO for 3 years to receiv...
Tom Evans
Does a shared well agreement prohibit STR usage?
Hi all - I'm looking at purchasing a property in Scottsdale, AZ for usage as an STR. It's outside Scottsdale city limits (Maricopa County jurisdiction) so it is not subject to Scottsdale's restrictions.It does, howeve...
Daniel Dietz
Selling property OUT of a SDIRA to prohibited party?
Hello,
I have been doing a lot of reading here and otherwise of SDIRA's. I understand that a person cannot buy from, or sell to, a prohibited party, such as a parent or child.
My questions is this; if one party who ...
Stephen R.
Partnering solo 401k with Hard Money and prohibited transactions
I'm looking to partially fund a fix and flip using money from a self-directed solo 401k. My thought is to purchase the property using hard money and then fund the rehab, which exceeds the purchase price and current va...