Casey Mericle
SDIRA Expert Question
BPers,Let's say two SDIRAs invest in a trust. SDIRA #1 investing $80,000 and SDIRA #2 investing $20,000. Is there a way to split profits in any other way than the percentage that goes in (80/20) in this case? Could...
Jim Jopling
Work-out non-performing notes in a SDIRA?
I just listened to a presentation in which a lawyer (SDIRA expert) said that you cannot perform physical work on your own rental properties held by your self-directed IRA. This would be a prohibited / self-dealing tr...
Lilla Horvath
Bookkeeping Security Deposit
Is a security deposit regarded as income for bookkeeping purposes? I'm using Excel spreadsheets for now to do my bookkeeping. How do I account for the security deposit without inflating the cashflow? How do I account ...
Chris Lawrence
Buy & Hold Condo or Sell
I currently have (1) rental property. It was my primary property for (3) years. It is a condo which is currently appraised for 80k and I owe 55k ( 15 year mortgage @ 3%). I have a great tenant who is going to sign ano...
Austin Hughes
How I Make Allies Out of Enemies
Quite honestly, I have no clue how I do it, but I do. I make people who think they hate me, at least like me. There was an investor who, just last month, called me for no reason and cussed me out over the phone, then ...
CJ D.
Newbie from DuPage County, IL Introduction
Hello, everyone! My name is CJ and I live in DuPage County, ILLINOIS. I am recently retired and have been researching the house flipping real estate business for the past several months and am very anxious to get star...
Daniel Humphries
Foreclosure questions regarding LLC & Personal Guarantee
I am looking for some advice for a close friend and client. He got into a deal with a hard money lender and was able to complete the house build and is waiting for the house to sell. The hard money lender is threateni...
CJ Witmer
Need help doing a fair deal with partner
Looking for input and suggestions on the fairest (?most fair?) way to split a deal with my partner/cousin on a property.Some things that may be relevant:- It's an auction about 1/10th of a mile from my own home.- He's...
Kenneth LaVoie
Lease option clauses, etc.
Hi All
I'm SURE this question has been answered to death, but my searches turned up too much material to wade through. I am purchasing a "pair of houses" for $57,000 and will do some repairs, cash out refi, then leas...
Virginia Hilton
Buying Owner Financed Property in SC?
I am purchasing a home in SC that the owner is doing an "owner financed". I have made 3 payments and we still have not signed a contract. I have not moved in as yet either or even seen the home in person. Is anyone...