... if the IRA runs out of funds to cover those expenses or pay for required repairs, etc. Example:IRA starting: $200,000Purchase property: $180,000IRA remaining: $20,000Repairs needed before being able to rent/lease ...
Hi,I recall hearing a statement that if you plan to use a Self-direct IRA for REI in the future, you should open one immediately, even if it is a small amount. The reason given was there is some time frame that must ...
Question for the group... do you get a survey each time you buy a property? In my case I’ve purchased SFH’s only and all were from wholesalers. We close via a title company and I’ve waived the survey each time. What d...
I am looking at a commercial property and researching the ways to fund the purchase. I have LLC which is owned by myself and my spouse for real estate investments. I'm planning to open Solo 401k to invest in RE. I wou...
For an offer made by an LLC, will the banks accept a POF of your personal funds, or does the money actually need to be in the LLC's bank account at the time the POF is given? Thanks.
Is it better to use a simple interest business loan with a 48 - 74 month term to get started or use hard money to fund deal by deal? I am a newbie and working on my first investing deal. It just seems counterproductiv...
I am planning on starting my Real Estate Investment journey in the next 12 months and am setting the ground work. I am partnering with two business partners and am trying to figure out how to structure our business. W...
Does your entire portfolio go into 1 bank account? How do you know how much money is allocated in each property so as to not use up funds you saved up for rental A, to pay for rental B's expenses? How do you keep it a...
I'm looking for a CPA/Tax Accountant and that's also familiar with the 401k Checkbook investing?In the process of purchasing a house and settlement is 2/26.
Investment Info:
Condo buy & hold investment.
Purchase price: $174,990
Cash invested: $46,000
Apartment / condo 1b/1b purchased across street from NAU. Purchased for daughter to live in during co...