All Forum Posts by: Shera Gregory

Oops .. I just re-read the question and realized that you were only asking about listening habits and the length. Don't want to get off track from your intention. So .. in the car; 60 min = good!

In the car driving to and from work. I have a 30 minute commute so the approx 1 hour format works out well to get the full topic in one day. As most people do, I have several podcasts that I subscribe to that are mostly on a weekly basis. I have a mix of some NPR programs, Slate podcasts and one for stock investing. That pretty much ties up the week. I have considered adding some other podcasts (on other topics) but the ones that run 90 to 120 minutes every episode are just too much for me to keep up with so I don't subscribe to them.

I really appreciate the concentrated information in the biggerpockets podcasts. Love to hear real world experiences. Although I have to say that it would be fine with me to start out some interviews at a point other than how people got into real estate to begin with. When that is the starting point for every guest we wind up spending too much time hearing about their first deals and how they didn't know what they were doing and all the things they did wrong. While that's very educational I'd say fine for 5 out of 10 shows. If it's every episode then we miss the chance to hear them answer some OTHER questions. Like "Was there a time when your successful strategy stopped working well? How did you recognize it and what did you do?"

All said with great respect for a wonderful and valuable podcast!!!! Love you guys!!

Welcome! First of all you are taking a great step by joining this community and putting your questions out there. There is SO MUCH information in the forums that you can really learn a tremendous amount just reading different threads. There is more to real estate investment than ALL of us know!! So don't let that stop you from taking action. I bought my first rental property before I even knew if the mortgage payments were deductible. I'd recommend to look at the forum on the legal aspects to help you decide if you want to create an LLC before you begin. I bought my first six properties under my own name because it seemed that none of the mortgage companies wanted to make a loan to an LLC. But there are probably ways to deal with that. In looking back on my rental experience that's one thing I wish I had known more about from the start. Again -- there's always something you won't know but with your parents experience to learn from you are well ahead of many people just starting out.

All the best!!
Shera

I plan to begin marketing to find potential flips or wholesale deals. My focus is on finding deals for my SD Roth IRA (with LLC) but it is possible that I may find a deal that would require hard money (ie recourse loan) to complete. In that case I would be doing the deal with my own funds. Question -- should I pay for the marketing costs with money from the IRA or not? Could I run into problem with either option based on the disqualified parties consideration?

IRA Services was very good to work with for my Roth IRA. I have an LLC owned by the Roth so I won't have to deal with them directly very much for the individual transactions. But quite a few of the companies who do the LLC setup for SDIRA's use this custodian.

Welcome Chris! I only just found this site recently myself. I have been to several of the REIA meetings run by Moe and have found them to be quite helpful. The turnout seems to be best when they have a featured topic or speaker. But then again, it's easier to catch up with folks when it's not too crowded. They are also listed on meetup.com along with the Richmond RING group.

Thanks Ned -- I think it was actually one of your posts that I found on google. I was looking into doing something with the City of Baltimore sale last month. I couldn't get everything set up in time for that one. I'm buying some secondary liens that are ready for foreclosure but have enough penalty in them to give a decent return if they are redeemed.

My guess is "no". Still in the process of funding my Roth IRA LLC and there's a property I would like to make an offer on but I won't have the $ in the LLC account for another 10 days or so to be able to write the earnest money deposit check under the LLC name. So .. any chance I could get the house under contract & then assign it to the LLC?

I found the Bigger Pockets site when googling for info on tax liens. My husband and I have several single family homes as rentals in the Richmond area. Just recently we also converted two Roth IRA's to self-directed IRA's with an LLC in each to be able to do real estate investing with those funds.

I am working full time in the chemical industry with main focus on customer service and IT. Staying busy with a big SAP implementation but trying to continue to make progress on the real estate side of things.

My goal is to create cash flow in the Roth accounts that I don't have to watch over every minute. That makes more sense if you know that for the past 10 years I have been doing our self-directed investing with trading options. Hard to do well with a full time job.

Our long-term goal is to own a medium sized multi-family unit for our retirement cash flow.

Hi .. I am adding onto this post because it has the topic that I want to ask about. My additional question is this: Is there any difference in the rules regarding doing work yourself if the property is owned by an LLC that your IRA owns vs a property owned directly by the IRA?