All Forum Posts by: Dan Krupa

@Kelly Nuno, welcome to BP! 

@Laura H., I would simply caution you to take some of this at face value. Of course no PM wants it vacant or to have a bad name. However, I have had some poor PMs who thought they were doing good.

Make sure you thoroughly understand their screening criteria and it aliens with your own. Also, you are the boss. Never forget that. No PM should have the right to dictate to you terms or other items. It is your property. You should always want your tenants cared for and everything to be done lawfully. You should always have the right to terminate the relationship, whenever you deem fit. Don't sign an agreement otherwise - IMO.

Best of luck to you. 

@Denise Leddy. Welcome, good luck, and Go Army! ;-)

@Valorie Lewis, have you considered getting your RE license in KS and simply working as an independent contractor for a broker? You would have MLS fees, etc... but it would give you the access you are looking for.

@Itay Heled, We use @Amanda Han from Keystone CPA. She is out of Cali but fantastic.  She has two podcasts and books out. Check her out. 

@Rochelle Ray, I love how you said "true history." (amen to that) I don't want to go down a rabbit hole on this thread but my wife and I are striving to teach our boys in a similar fashion. If you have any questions PM me. I am still active duty Army, finishing up in the next few months. My personal opinion is VA loans are amazing and serving made me a more productive member of society. Best of luck to you and your family.

@Rochelle Ray, great question and apparently awesome job raising your boys. Do they know what kind of property they want to purchase? Financing will be drastically different for a SFH (to include duplex, triplex or four plex) compared to a 5+ unit property.

A thought, simply a thought, and don't freak out (LOL) is that they or one of them could join the National Guard or Reserves.(It might be too late for that now but next summer) By joining and serving they would receive VA loan eligibility. Lots of rules for lending with a VA loan (it must be there primary residence for two or three years, the condition of property, etc...) and they still need a source of income or a co signer but the benefit is zero money down and cheap rates.

I have served the past 12 years. It provides a different perspective and a job for them one weekend a month and for two weeks over the summer. Again that might be something they have no interest in doing but if so PM me. I know a great lender who specializes in VA loans and could answer your questions.

@Maria S., welcome and best of luck to you with your investing!

@Mark Nolan and @Brian Eastman, gentlemen fantastic information! Thank you. My wife and I are discussing the matter and are talking with our CPA next week. Would you mind if I PMed either of you with additional questions?

@Brian Eastman, thank you and let me clarify. They are both former employers. We would not combined funds. We would not flip with that money. We are simply looking to hold property with the self directed IRA funds. We are talking with our CPA next Thursday.

With all that said, any recommendations?