All Forum Posts by: Ken Badziak

Don't know where you live, but www.renterswarehouse.com offers franchises. I've heard good things, and I listened to an interview with the (quite young) CEO on one of my many podcasts. I'd start there.

Matt Motil can you send me his contact info? Thanks!

The "Owner Occupied" route will definitely work well in one of the cities my company has a base in (Chicago, Detoilet, er Detroit, Vegas and a few others...) but I don't think it would fly in Cleveland... I think I'd have a hard time justifying a move to Cleveland for no reason... but thanks for the suggestions guys!

I'm looking for a lender that would do a conventional loan on a duplex in Cleveland. Every book I've been reading always used 20% as the standard row payment, but now not one but two banks have told me nope, need 25%.

Is this the "new normal"? 

Are there any banks out there that will do a conventional 30 year fixed with 20% down?

Perhaps a CPA here can answer this question; I asked mine, and he didn't know as I was the first to pose this question to him. He offered to research it, but that costs me money that I don't have now...

Earlier this year I converted my IRA to a Roth IRA. The account has been dormant since; I haven't added or subtracted any money, and it's been sitting in cash the entire time. Zero activity.

I'm now looking to RE-characterize my IRA back into a traditional IRA, to roll it into my 401k and use it that way for my RE purchases.

Question is this; recharacterizing a traditional into a Roth triggers a taxable event. Would the re-characteization of the account BACK into a traditional IRA nullify that original taxable event, or am I on the hook for some portion?

I tried to do the same thing with AirBnB. The issue is that you don't have an easy way to communicate directly with the host unless you make a reservation first. You can't leave phone numbers oe email addresses in your initial communications; ABnB automatically scrubs your messages.

I got around the phone number issue by spelling out the numbers, but even then communicating with the hosts was a huge hassle...

If anyone is interested my family owns 4 acres of oceanfront and lagoon front property 1.5 miles north of San Pedro on Ambergris Caye. 200' of beachfront. It's pretty much the last piece of (mostly) undeveloped land within 10 miles of the town. PM me if you're interested.

Most everyone I know uses Podio.

I believe you skipped a crucial step. 

First, roll over your 401k into a traditional IRA. No penalty.

THEN, convert the Traditional into a Roth. No early distribution penalty, you just pay the taxes on the conversion.

Someone correct me if I'm wrong please, but I believe that's how it's done.

many thanks!