All Forum Posts by: Rob Malda
Rob Malda has started 2 posts and replied 42 times.
Post: Looking into SDIRA custodian any recommendations/warnings
- Las Vegas, NV
- Posts 43
- Votes 33
Checkbook IRA is the way. Forget SDIRA.
Post: Are there any legal issues with this?
- Las Vegas, NV
- Posts 43
- Votes 33
I don't see why there would be any legal issues.
Post: California 2020 Rent Control Exemption - Owner Occupied Duplex
- Las Vegas, NV
- Posts 43
- Votes 33
Duplex is only exempt if you lived there before the tenant moved in. In this case you're out of luck.
Post: need to set up checkbook IRA
- Las Vegas, NV
- Posts 43
- Votes 33
I might be mistaken about this, but you cannot be the manager the LLC. You must appoint someone to manage.
You can be the Manager of the LLC, meaning you can bind the LLC into legal contracts, etc. What you cannot do is engage in day-to-day 'managing' of a property (collecting rent, maintenance, etc), ie sweat equity.
Post: What kind of interest-rate should I expect
- Las Vegas, NV
- Posts 43
- Votes 33
What kind of property? What LTV? What DSCR? Too many variables here.
Post: What typically happens to rents during a "recession"?
- Las Vegas, NV
- Posts 43
- Votes 33
The low end of the market will do better. Mobile home parks will be least affected. Luxury properties will take the biggest hit. Besides that it's all about jobs in the local economy.
Post: Tenant Changed the Locks Without Permission
- Las Vegas, NV
- Posts 43
- Votes 33
Ask her for two copies of each new key and forget about it. If she refuses then terminate her.
Post: Typical Syndication Minimum Buy In
- Las Vegas, NV
- Posts 43
- Votes 33
At 22 my best advice would be to focus on maximizing future income. Until you have at least 100k saved up investments don't really matter that much vs your income.
Post: Is 5.55% for a cash out refi way high??
- Las Vegas, NV
- Posts 43
- Votes 33
Originally posted by @Ned Carey:
Why does everyone fret about a percent or so when money is dirt cheap historically. Someday you will be telling your children "you know i used to be able to get money at 5.5% and I thought that was too high!"
In my opinion rates will continue trending towards zero/negative. 5.5% is high. In the near future 0% will be the norm.
Post: California Rent Control
- Las Vegas, NV
- Posts 43
- Votes 33
Originally posted by@Carrie K.:
Does this exempt owner-occupied triplexes as well as duplexes? It exempts "Single-family owner-occupied residences, including a residence in which the owner-occupant rents or leases no more than two units or bedrooms, including, but not limited to, an accessory dwelling unit or a junior accessory dwelling unit."
Triplexes are never exempt. Duplexes are exempt if the owner lives in one unit prior to the tenant moving in, and only while the owner still lives there.