All Forum Posts by: Karen O.

You have a criteria for your tenants, stick to it. 

If you end up with a dud, it'll still suck but not because you cut someone slack and lowered the bar.

Lighter tile. 

Less than two weeks from a closing date for a fixer in Hampden Cty, MA.

Anyone have a suggestion for unoccupied property insurance or rental property insurance for this area or national? 

Thanks in advance.

Great story.  Best of luck and continued success on your journey.  

I'd suggest you try Quicken Loans.  I think they go to 70-75% of appraised value.   

BP has a list of SDIRA companies on the website. Type SD IRA in the search line and it'll take you to a content page. There you'll find companies listed. It is by no means all inclusive. I have a list of 50+ companies that handle self directed accounts. I don't remember where I got it, but I'm happy to share the list. You'll need to do some legwork if you want to find a company with offices near you. PM me if you want.

Hold them in storage for your next project if they are neutral and you can buy more of same at later date.

Donate to home restore or habitat for humanity type org.

Sell left over flooring or unopened paint on craigslist.

This was a great thread. Thanks, Ms. Barber.  

There are other note and note fund guys on BP.   No harm in consulting with one or two more.

I happen to agree that all the eggs in the basket, at our age, is just as scary a proposition as another market correction/collapse as we near retirement. As a relative newbie, I think diversification is still key.

Also, did you mean to move into an SDIRA or a SDRoth? Move to a SDRoth if you're able to pay the taxes on the IRA conversion then all interest would be tax free. Move to SDIRA to invest in RE notes, frnds, crowdfunding, private lending, etc. Taxes paid upon distribution.

Talk to a few lenders.  Tell them what you're planning and see what they say about your plan to move when you have a job.

If primary residence, you would likely have a capital gain exclusion so there'd be no tax.  

If you figure the move is permanent, sell and put the funds to work in a new primary residence or investment closer to your new hometown.