All Forum Posts by: Michael Blackwood

Is this even possible for a long distance investor? Would agentpro247 or list source be the best way to go for this?

Thanks Jack!

If you are looking at buying a SFH and the whole place is gutted down to the studs and joists, do you really need an inspection? The place has plumbing, electrical etc but if the GC has to rebuild it from almost ground up then why waste 400 bucks? If there is a reason to get an inspection in this case please let me know.

I'm looking into this as an option to buy a STR property. From what I understand, income is taxed at a high rate for SDIRA vs low or no tax for the solo 401k. Also, it sounds like the solo 401k is more lenient when it comes to your fund being disqualified from breaking a rule.

Wow, that's too bad.  The Solo 401k is so much better than SDIRA for what I'm wanting to do.  Self-employed with no employees!?  Not many people are going to qualify for it right?

Thank you bothBrian Eastman,Dmitriy Fomichenko.  Is it hard to qualify for the Solo 401k? 

I'm kicking around the idea of moving 401k funds out of the stock market and into real estate investments. I started researching self directed IRA because a lot of people seem to use that on here but I stumbled across a Solo 401k vs self directed IRA comparison and there were some compelling differences in favor of Solo 401k. Does anyone have any opinion on which one is better and why?

Thanks in advance.

I'm attempting the BRRRR strategy and having trouble getting lending referrals for this area (Panama City) so I've been google searching, trying to email and call.... they usually don't get back to me and when they do everyone is saying the same thing, 75 LTV is the best they can do. Anyone have any suggestions for me here? I really need 80 LTV to make this deal work. I have good income/debt ratio, good credit and zero investment properties so far.

Thanks in advance.  

Need a good reputable affordable contractor in the Panama City beach area.  Please message me.

I'm looking for a good wholesaler in Jacksonville as well.  Cash buyer also.  Message me.

Thanks