All Forum Posts by: Sara W.

Hi everyone :)

I have been doing some research on investing in out of state properties. However, after reading and factoring all the hassles and risks of investing long distances and knowing that there are investments out there that are completely passive and yield a standard 7 to 10% returns, now I am wondering if it's worth it to invest in out of state at all.

For newbies, I think a lot of people on this forum recommend to start with turnkey properties. When I looked at some of the TK websites, the properties they featured are generating around 8 to 9% on average. If that's the case, are there any upsides of investing out of state instead of just doing passive investments like Multiple Equity, Crowd Street etc? Or am I missing something?

I know that you can probably get a higher returns if you assembly your own out of state teams and get some off market deals. But what is the ROI for doing that vs. investing in TK? Is the return significantly enough comparing to the risk and work you take.

Would appreciate your thoughts and want to hear your stories about investing in out of state vs. passive investing in funds and notes. Thank you all in advance!

Your CPA is right. The basis for property converted from a primary residence to a rental is the lesser of the original basis or the FMV at the time of the conversion.

My upstairs tenants recently wrote me an email telling me that she is suspicious of my downstairs tenant of dealing marijuana. She said her husband and her as well as our neighbor have seen strangers coming in and out of the downstairs tenant's unit with jars of marijuana. The neighbor has caught the downstairs tenant in video and has reported it to the police. My upstairs tenant has also filed a police report as well. I have yet to hear anything from the police or from the neighbor. My question is what's landlord's responsibility when it comes to this issue. Thank you!

Thank you!

@Kirk Chisholm, 

My original idea was to look for P2P lending platforms like Groundfloor. But Groundfloor does not allow lending through IRA. So I am wondering if there are any platforms like Groundfloor which does allow lending via IRA.

I am new to private lending so if you can recommend anything other than or better than P2P lending platforms that would be much appreciated!

Thank you!

Thank you for your tips guys! I think the next step is to find a platform where I can connect with borrowers that are looking for private lending, preferably a platform or company that did the underwriting of the loans for me, so I can pick the appropriate loans that are suitable for me.

Thank you!

Thank you! I'm looking to start with 50k. No area restriction as long as the deal makes sense.

Hi,

I want to start doing some private lending through a self directed IRA account to take advantage of the tax deferred benefit of a retirement account. Does anyone know any private lending companies that allow lending via an IRA? I'm not an accredited investor yet.

Thank you!

Thank you all for the quick responses! I will keep those things in my  mind when I go check out the property tomorrow! Thank you for the tips!

Hi everyone,

Im Sara from MA. I'm new to the BP community and new to real estate investing.

So far I really like this forum and found a lot of useful resources and discussion through BP and I am hoping to learn from all the experienced investors from BP and hopefully be a successful one someday!

I came across a property that was originally a multi family unit. But the seller converted it to a single family.  I'm wondering how much is it going to cost to separate the HVAC and electricity panel and reconfiguring the lay out and add a kitchen again. 

I'm assuming since the house was originally a multi family therefore the zoning should not be a problem.  

If anyone has experience converting a single back to multi family I would love to hear your thoughts! Any input is appreciated!

Thank you! !