All Forum Posts by: Chris Soignier

Subordinated debt

Loan from relatives

private money

syndication

etc.

That said, most investors typically want the buyer to have some skin in the game.   

I wouldn't put anything into the 401k since they're not matching, and you have no control over a usually crappy selection of mutual funds, plus fees.   You can get tax benefits by investing in rentals, w/o having to wait until you're 59 1/2 to enjoy the benefits. 

Roth IRA's are great, so keep investing in them, and invest as much as you can until you max out.

I can't make a recommendation re: your ESPP program w/o knowing the terms and the outlook for the stock.

Reserved parking

pet rent

clubhouse rentals (or conversions to addtl. units)

reserved parking

rent for optional W/D in unit

I'm in the same boat, both for retail and wholesale clients.    I have plenty of demand, but there just aren't enough houses to go around in the mid-cities area.

Rich Dad Poor Dad and The Cash Flow Quadrant for the Mindset

4 Hour Work Week

All 3 of Mitch Stephen's books (the most recent isn't yet published, but will be shortly).

Are you Dumb Enough to be Rich?

Double closings are perfectly legal in TX.

The seller is the one who should be questioning the ethics and morality of his desire to weasel out of the contract.   The first thing I'd do is file the sales contract with the county, which will cloud the title and make it difficult to impossible for him to sell to anyone else.

It's hard to compel anyone to sell against their wishes, but you sure can prevent him from selling to anyone else, and if/when he does want to sell, you have dibs at the contractual price, or can force him to pay you liquidated damages to release the lien.

I'm not a lawyer, nor is this legal advice, just my $.02...

Quest IRA. You can find their fees on their website.

@Daniel Torres, if you're thinking about leading a syndication, just beware that you can't invest in the same deal w/ your retirement funds b/c (a) you'd benefit personally from the deal; and (b) it's not at all a passive investment.

W/ respect to notes, they can be a great investment, however, figure out how many notes you can buy.   If it's just one or 2, a default can tank the performance of your portfolio, at least temporarily.    One of the nice aspects of MF is that a 5-10% vacancy rate usually doesn't materially impact the financial returns as much.

Independence Title (formerly Arcland until last October) in Colleyville.   Ask for Mary Martinez, she specializes in investor transactions.