All Forum Posts by: Jaime Frausto

@Jun Lee One pro that I can think of a solo 401K is there is no UBIT taxes when an asset u invested that had leverage sales. As apples to an IRA

Hope that makes sense .

Getting back into Buy and hold and flipping. Area is Joliet, Homer Glen Il. Looking for a realtor for my flips. Please reach out.

@Zach Reeves

We’ll this syndication thing is different . I am in several multi-family out of town syndications. I’m an LP, limited partner “ passive”.

@Mitch Vejvoda i invest in joliet.

Have for the last 8 years. Let me know how I can help.

sounds about right.  Also single family vs multi family city doesn't require inspections  periodicaly .  Who pays for utilities? 

good job. 

interesting thread, I have 1 property per series , 1  bank account per series , 1 chart of accounts per property in QB.  However , Im hesitating on 1 FEIN per property.  I believe a happy medium is the correct answer.   great post. IL here 

at the end of the day , I believe in front of court, its about the interpretation of the law and quality of Attorneys.     my 2cents 

Hello guys I am in process of lending to a home owner that needs cash to redeem his tax lien from an Investor that purchased his delinquent property taxes last year.  I am having a title company to do a title search to make sure that the only lien is that of the investor that owns the tax certificate .  the agreement is that once i fund the home owner , that i will be the only and first lien holder.  His attorney will write up a promissory note stating the loan terms of the loan.  (3year amortize short loan. )

Can you guys think of any other due diligence am missing. 

thank you in advance for your input. by the way the property is free and clear and has plenty of safety in the price of the property vs my loan.  

Hello, what type of security cameras are you guys using at rentals?

who should pay for it?

thanks in advance