All Forum Posts by: Jason Dillard

Good advice from the "holders" in this thread.  I buy about 5 houses a month so I want to maximize all the benefits of ownership as much as possible.  If you can't buy all your deals with SDRA and you want to lower your taxable income, then the way I do it may work best for you. 

It hurts to leverage in a retirement account (ubit).  The tax shelter we all love called depreciation has no benefit inside the retirement account.

I think it's smart to lend, wholesale, and flip with your retirement accounts.  Hold property outside, so you can leverage and get the depreciation. 

Gotta be better deals in DC. What's market rent for duplex? How much deferred maintenance? Other expenses like taxes and insurance etc.? Will seller finance wit a payment under the true NOI?

I'm game. See yall then. 

Our market here is thriving.  Plenty of room for another investor. 

I would take them.  Just seller finance em.  Your buyers will absorb much of the expenses. You may even get the property taxes reduced to an owner occupant rate.  

I buy about one a week.  About a third from wholesalers, and the rest from radio and direct mail.  

http://www.hud.gov/offices/adm/hudclips/forms/files/1.pdf

Line 203 and 503. 

Record a 2nd mortgage. 

Mrk rent? Payment? Enough spread? Then I would take it sub2 with sellers covering cc and 3 more payments. The more you pay/basis for a rental that will cash flow, the more tax shelter it creates. If you are ok with just holding it, and you don't have an initial investment, then having no equity is not all bad. It may have zero cash flow and still be a winner as long as you have income to write off.