Corey W.
Lender requiring Comfort Letter
I'm in the process of purchasing my first duplex. This is one I'll be "house hacking" so I applied for an FHA loan and made an offer on a property. However my lender is now requiring a comfort letter from a CPA. My re...
Ashraf Farrag
Thoughts on converting my rental property to a lease option?
I have a fairly steady rental property. It was a former home of mine. I lived in it for 7 years and it has been rented for about 6 years. There still is a mortgage on the property and it has a decent amount of equity ...
Virginia Jones
direct deposit for monthly rent from tenants
i have a tenant that wants to pay me monthly rent through direct deposit. this would be going into the rental checking account for that specific unit. is it safe for me to give the tenant my routing and account number...
Peter Sik
paying echeck for property management, SAFE?
Is it safe to use eCheck? PM is asking for payment, and one option is eCheck. Otherwise they charge like 3% for credit card.I am wondering if someone use my bank account number and router number there, they can do wit...
NA Nicholas
Securities-based Financing Options for Real Estate Investors
Any lending program involving the transfer of title/ownership of your securities to any third party as a condition for funding, is by definition exceptionally risky and according to IRS rulings in 2010 and subsequent ...
Darren Anderson
LLC protection question
When applying for a loan for an investment property is it required that my LLC be listed as the loan holder to provide protection? In other words, if I take out a loan in my name but have an LLC for my property am I s...
Kimberly Green-Goldsborough
Using TSP for Self directed IRAs
Does anyone have knowledge or experience with converting/transferring Federal governments Thrift Savings Plan (TSP) accounts funds to a self directed IRA?
Crystal Smith
Roll over non-qualified Annuity
We have a new client/investor that recently received a non-qualified Annuity from her mother's estate. The ROI from the annuity is less than 5%. She wants to cash out, while minimizing/avoiding taxes & invest in...
Steve Sprowls
Self-Directed IRA companies
I've looked at six different companies and the fees are all over the place. The cheapest so far is Sunwest Trust. Their annual fee is $225 regardless of the number of assets. Their application fee is $50.
Am I gett...
V Krishna
Insurance for Rental Property on LLC with 3 Members
Hello - I bought a rental property (single family home) on my name and would like to transfer it to an LLC with 3 Members. This is in the state of Texas. The members are myself, my own brother and a best friend. The i...