All Forum Posts by: James Sebastian
James Sebastian has started 5 posts and replied 54 times.
Post: Buying rental property in OH under LLC out of NV

- Posts 56
- Votes 27
I live in Ohio but have an IRA-LLC out of Colorado because of how the account was set up. I registered it as a foreign entity in Ohio so I would have legal standing if there were any issues here, it's a one time fee of like $100 so I figured it was cheap insurance against future hassles. Doing all my business in Ohio. So no, you don't have to register to buy property, etc. but it might get interesting if you get sued or something. You can do it yourself at the Secretary of State's website.
Post: How to get glue adhesive off hardwood floors

- Posts 56
- Votes 27
I had this problem in a room a couple years ago. Used gentle heat and careful hand scraping, mostly with a putty knife. It's slow but I was afraid the chemicals would dissolve the black mastic and soak in, staining the floor forever.
Post: Short-term rental lock - front door

- Posts 56
- Votes 27
I just installed a schlage code deadbolt to replace a budget lock from Menards that failed after one year. The Schlage was heavier (has to be a good indicator) and from an engineering perspective, the electronics engage a cam that lets the user operate the deadbolt, rather than actually throwing the bolt. Seems like a way better design. Also runs on a 9V rather than (4) AA batteries since the motor isn't working nearly as hard.
Post: Non Recourse Lender for Self Directed IRA

- Posts 56
- Votes 27
Don't forget to check with the custodian of your SDIRA. I have a unique situation where my SDIRA is in a partnership with a non-IRA LLC and most lenders weren't interested. Got a couple good leads from the IRA folks (but haven't actually executed a loan yet). There is also an older post, either in Forums or Blog here on BP, with a list.