29 January 2020 | 6 replies
Unless you invest via an LLC owned by the IRA, you will not have checkbook control over the funds which means you need to run transactions (e.g. income, expenses, etc.) through the trust company who will need time to process the transactions and generally charge fees for each transaction.
30 January 2020 | 5 replies
Any advice on how to not get killed in taxes as I make this transaction?
31 January 2020 | 29 replies
The process is just far less standardized and controlled relative to traditional transactions so you really have to pay attention to every detail and make sure everything is verified.
30 January 2020 | 3 replies
I’ll need ~$400k if they won’t let us close with that 2nd and ~$150k if they will.The park is a 10 cap at 1.75 as is and is a 14 cap at purchase or worth 2.5M at a 10 cap after we sub-meter.There is another 200k in lots we can parcel off and sell, another 720k in value if we add 20 more spots, ~50k in timber, and lot rents can likey go up another $25, adding another $240k.I can likely bring an equity partner in, but because I can get most of my money out so quickly with the seller’s 2nd and all of my money + 250k out after ~1 yr, I’d like to try and solve the short term capital problem.Anyone know of a lender who will let me close with the 2nd in place, or someone who can set me up a ~$350k line of credit or perhaps some transactional funding?
1 February 2020 | 5 replies
"Traditional banks have a fit on this kind of transaction" but investment lenders don't.
29 January 2020 | 5 replies
Most perform wholesale transactions illegally so get educated on how to do it legally and ethically.
30 January 2020 | 3 replies
You are buying/selling enough of your own properties per year that it makes sense (talking millions of dollars a year in real estate transactions)If you can say yes to one of the above questions then get your license.
6 February 2020 | 4 replies
MARealtor.com reports only transactions from the 3 MLS services in Massachusetts.
13 February 2020 | 17 replies
Hi Lacey,I am a local hard money lender, and I am always happy to connect with lenders to provide more options to investors when assessing a purchase, refi, new construction, or other financing transaction.
31 January 2020 | 1 reply
Was able to cross collateralize other properties purchased not quite 3 years ago and put very little actual cash down (less than one per cent) How did you find this deal and how did you negotiate it?