All Forum Posts by: Naveen Kumar

Thanks @Brian Eastman - I have seen (or read about) people forming a LLC with their personal funds and their IRA LLC as partners, with a one-time contribution.

Is that an allowed strategy?

Love the BRRRR strategy as a concept - just getting harder to find properties that can fit these days.

So a shift in strategy - how about borrowing money from my SDIRA LLC to buy an investment property, record the mortgage showing the LLC as a primary lienholder, and then do a rate and term refinance in the first 6-months to repay the LLC.

Is that allowed, or does it violate the Self Directed IRA rules?

Feedback, comments, concerns?

Thanks @Account Closed - those are the doubts I had too, about airbnb falling out of favor with the condo association. What is 'Fells' that you mention? 

I am looking to analyze a 2-bed/1-bath condo in downtown Baltimore, near Inner Harbor. The monthly expenses (PITI, utilities, reserves) come to around $2000.

Anyone have experience with airbnb or other forms of short-term rental in the area? Looks doable in the summer months, just not too sure about winter.

I will appreciate any feedback and advice.

You did not work for free - look at it this way - now that you have put the sweat equity in and proved yourself that you can make it work, you will be confident to go out there and attract more investors possibly. The investor on the other hand, got handsome returns, but has no one else like you to go to. It is a winner situation for you.

And you should respect the fact that you would not be in this position if the investor had not put the money on your abilities. So, I would suggest to cash her 48k out, and then let the remaining equity sit in the property, and both of you split the proceeds after paying the expenses. 

Hello fellow BPers,

Any landlords in Bowie, Upper Marlboro, Capitol Heights, Suitland, Largo?

I am looking for ideas and samples of a residential lease agreement that I can use for a rental unit in PG County, MD.

I saw the realtor agreement, but am not sure if I can use that as I am not a realtor. 

Thanks for the help.

 Thats a great tip James. Once you get a number, do you bid under, or at that asking price?

I missed it :( - is there a MeetUp group that I can join to follow this better?

There are credit unions that will do 90% LTV on your primary residence for a HELOC. I have one with Penfed.

The FM guideline says that the loan will not be counted if the borrower is an S-Corp. Connect with

@Kevin Romines for more insight.