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All Forum Posts by: Corey G.

Corey G. has started 28 posts and replied 99 times.

Post: Foreclosing on a tax lien without a lawyer

Corey G.Posted
  • Investor
  • Phoenix, AZ
  • Posts 105
  • Votes 26
Quote from @Michael Oldehoff:

We do a lot of them but we always use an attorney. We do some of the initial stuff (30 day notices and some other stuff) but leave the rest for the lawyers. It is just better, even the lawyers have had issues in the past.

Though we actually purchase liens on the secondary market here in Maricopa County rather than purchasing at auction and waiting.


I understand this is a quite older thread but I was looking for tax liens in Maricopa and was wondering how one might find the secondary market for them? 

Post: Retirement Plan Suggestions for Rental Income

Corey G.Posted
  • Investor
  • Phoenix, AZ
  • Posts 105
  • Votes 26
Quote from @Justin Windham:

@Corey G.

A self-directed IRA is a great choice if you are not eligible for a Solo 401k. As far as eligibility goes however, you can speak with your tax advisor to see if you have any earned income from the management of your properties. While many real estate investing activities generate passive income, true self-employment activity is necessary for a Solo 401k. If you are still considering your options, there are several self-directed IRA and Solo 401k providers here on BP. If you reach out to a few, I am sure you will get a good education and learn more about the various prices and services offered.

Thanks for responding, I guess I didn't have notifications set up for when I got a message. Sorry about that. I think I'm mostly concerned about the tax benefits of SDIRA vs the solo 401k. From what I understand, I think I would have to pay self employment taxes if I have a business that would qualify for the solo 401k. That would likely negate the tax benefits of it, even if I could qualify as self employed. I was hoping someone on here would know about that. I don't have a go to accountant currently (even though I probably should at this point)

Post: Retirement Plan Suggestions for Rental Income

Corey G.Posted
  • Investor
  • Phoenix, AZ
  • Posts 105
  • Votes 26

Hi Everyone, I recently quit my day job and am trying to decide what to do with my 401k funds. I was going to transfer into an IRA but when I got to looking things over, I'm seeing some other options that I don't know if I'd be qualified for and would like some advice if possible. I own 4 rental properties (16 units total) and I manage them all myself. My 401k has both pretax and Roth funds in it. I was originally just going to transfer the Roth part into my existing Roth IRA and setup a Traditional IRA for the pretax funds but I'm thinking at the very least I want Checkbook Control on my funds and that's not available with my existing company. I'd like to have the option to invest into real estate and Crypo. I have seen some additional options like the Solo 401k, SEPIRA, and some others and I like the increased contribution limits but I am not technically "self employed" even though I'm managing all these properties. I'm curious as to what would be my best option. Is there a way to set myself up as self employed running my own real estate or property management business? I believe the self employment retirement accounts also require self employment taxes so that would be a negative of those option. Any options that I'm not aware of? Any advice would be appreciated.

Post: Phoenix tree trimming recommendation

Corey G.Posted
  • Investor
  • Phoenix, AZ
  • Posts 105
  • Votes 26

Disregard, I found a company for a reasonable price. 

Post: Phoenix tree trimming recommendation

Corey G.Posted
  • Investor
  • Phoenix, AZ
  • Posts 105
  • Votes 26

I have a rather large tree in Mesa AZ that I think is dead and it needs cut down or at least trimmed so it's safe from falling. The companies I've checked with wanted thousands of dollars to cut it down. I'm not sure if that's the going rate but it seems kind of expensive to me. Anybody got a good recommendation on a company that will cut a tree down and not cost me an arm and a leg. 

Post: Good reliable electrician recommendations

Corey G.Posted
  • Investor
  • Phoenix, AZ
  • Posts 105
  • Votes 26

Sure Mason, I'm interested. There will be some need for city approval though so as long as that's something he can work with me on that would be good. Feel free to DM me his information.

Post: Good reliable electrician recommendations

Corey G.Posted
  • Investor
  • Phoenix, AZ
  • Posts 105
  • Votes 26

Thanks I'll check with them. I actually have two jobs, one panel doesn't need moved. It's just for a duplex so probably comparable. I'll give them a call to check. 

Post: Good reliable electrician recommendations

Corey G.Posted
  • Investor
  • Phoenix, AZ
  • Posts 105
  • Votes 26

Hi guys, I'm in need of a good electrician in Phoenix AZ that doesn't price gouge. Now I understand that electricians aren't cheap, but there is no way a few hours of work should cost over 20,000 dollars. I need an old electrical panel moved and the panel updated/replaced. I checked with parker and sons and they were outrageous. Got some recommendations from a few others but the electricians that were reasonably priced were never available or flakey and didn't do the job. I need someone reasonably priced that will actually follow through. 

I think it shows near my name but I forgot to mention I'm in Phoenix AZ

Hi guys, my handyman has been having some recent heath issues and so I'm looking for some recommendations on someone (or a company) who can do a little of everything for a fair price. My apartments aren't high end so I've steered clear of the expensive contractors typically unless it's big or specialized jobs. I'm looking for someone who can do a little of everything. My latest project consists of a small kitchen/bath remodel, paint, and tile. 

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