All Forum Posts by: Page Huyette

I would not suggest using Facebook to advertise, especially to current FB friends, as many are put off by this. Instead, I would include Facebook in your total marketing strategy. For example, if you offer a free consult you are advertising through letters, signs, emails or other methods, direct the reader to your FB business page to sign up with you. You'll receive a notification that they've "liked" your page, and you can then contact them.

I'm interested in this topic, as it seems there are many ways to slice it. I'm reminded of a group of private individuals I read about a few years back when a northern CA town I lived in had impossible home prices. They targeted working class people with a good job record and decent credit, and I believe they provided the money for a healthy down payment in exchange for equity five years down the road on the property. Can't remember (and can't locate the article) how the investors got their money, but I believe they had to stay in the game for five years, and then could either sell their piece of equity to the others, or the property could be refinanced.

Sounds similar to what Mike is talking about. But, since the partner only wants a return, there could be many ways to structure this. I would love to hear how others have structured deals like this where you have one or more people interested in investing some $$ but don't want to actively take part in management of the property or tenants.

This post is a bit old, but I thought I'd ask--what about moving a 2-story house to a property we already own? It would be about 2-5 miles, depending on their route, and we'd rent the house after it was settled with the intention of buy and hold.

Thanks for the clarification. The more I learn, the more questions I have--love it!

Getting back to the original question--once the 401k is set up, what are some ways people have found the best ways to invest that aligned with their goals? In other words, did you research companies that fix and flip and work with them, how did you find a company or person to work with that has a good track record with solid returns?

I'm now leaning towards the solo 401k, thanks to the great responses on this thread.

I have an established business, and am wondering if I should set up the solo 401k in my name or a new LLC. Anyone know of any advantages/disadvantanges to one method over the other? My plan is to first buy notes, then be a small lender and evolve into purchasing properties with the 401k.

Did you set up your solo 401K through a specific company, one you already had other accounts with, or is it best to research the options just as one would for a company to manage a sdIRA?

Will and John, are you suggesting opening a Solo 401k and staying away from the sdIRA entirely, or doing both with different investing goals for each vehicle?

This also opens up the old question of whether it is worth pulling $$ out of a 401k and taking the penalty hit, or letting it sit there. I'm inclined to be more aggressive, take the penalties and put it where I can manage it myself.

This might work for someone who is self-employed, but what about someone who isn't? It is my understanding they would not be able to open a Solo 401k.

I'm in the process of converting a 401k into a SDIRA and was wondering if any fellow BPer's would care to share what has worked or not worked for them using this investment approach. Is it best to purchase individual notes on a case-by-case basis, work with a group of private investors pooling money together or ????

Did your initial approach work or not? How did you tweak it to suit your business goals?

I've read the other posts on finding a good company to manage the SDIRA and have found some valuable information, but am more interested in individual opinions on the best places to start, with the intention of increasing the amount of cash available to put towards purchases and rehabs.

You crack me up! My initial projections for this property showed it valued at 526k, just slightly higher than your very detailed analysis Made be feel like I may be getting the hang of this numbers game. Each day in real estate brings new excitement.

I think my head light bulb went off on this one because it offers owner financing, and for a property of this size, that would be the only way I could do it. After kicking it about, I may still look into the details of what the owner wants out of it a bit more, but am thinking it's probably a pass. Going through these numbers has piqued my interest in mobile homes, since they seem to be a good way to experiment with rehabbing and reselling if you want to start out somewhere and have limited cash. I'll check out your group.

Thanks to all of you who've replied so far--great insight.