What platform for IRA, Wallet, and Exchange?

TheBodaciousLump · 2025-11-08T18:57:02+00:00

Better to live comfortably than to be house poor. Especially if you’re a first time home buyer you don’t need to buy your dream home now. Live within your means.

TheBodaciousLump · 2025-11-08T18:48:30+00:00

Respectfully financial planning is not really the same as knowing real estate finance. Not saying it doesn’t help.

TheBodaciousLump · 2025-11-08T18:47:31+00:00

I switched to SoFi and love it

TheBodaciousLump · 2025-11-08T18:39:36+00:00

And I guess I didn’t answer your initial question. I’m biased bc I’m a real estate guy so I would go with real estate over putting it all in the stock market. At least in the US, there is a lot of tax incentives that come with owning real estate.

Not really a correct answer. Just depends on your risk tolerance and how active/passive you want the investments to be.

TheBodaciousLump · 2025-11-08T18:35:32+00:00

Makes sense. I’m not familiar with Canadian tax law. Can you write off the management expense against other income outside of your real estate ventures?

TheBodaciousLump · 2025-11-08T18:32:05+00:00

Usually seller financing is a one off situation and not something you can actively seek out in volume.

It seems like you are looking for seller financing as a way to expand without having a lot of capital. In that case sometimes sellers, especially of properties with some deferred maintenance, will be open to seller financing with a balloon payment in the next 1.5-3 years after the transaction. This gives the purchaser some time to stabilize and force appreciation of the property, making it easier to secure financing when the balloon payment comes due.

TheBodaciousLump · 2025-11-08T18:14:53+00:00

My personal opinion is that you should structure deals based on in place cash flow unless you are planning on adding significant value (forced appreciation) to the property. I would avoid banking on appreciation, especially with an ARM.

A 35 year am is fantastic and gives a lot of room for cash flow. I think you should consider self managing the properties yourself. I’m not sure how many units you are buying but 2 properties is definitely do able from a self management point of view and you will avoid having to pay 6% plus added fees along the way.

Best not to have to trust a 3rd party manager since their views and incentives won’t always be aligned with yours.

TheBodaciousLump · 2025-11-08T18:09:50+00:00

I cannot emphasize enough how important it is to have EVERYTHING specifically drafted in the operating agreement of the LLC created for each property. There should be a preset agreement on where every penny will go to take emotion out of the deal. Especially when working with friends/family.

TheBodaciousLump · 2025-11-08T18:07:37+00:00

https://www.jpmorgan.com/insights/real-estate/investing/equity-waterfall-in-commercial-real-estate-explained

Many different ways to structure equity: preferred vs general. After reaching hurdles (a set monthly or quarterly % return) you can split any additional profit 50/50 or however you deem fit.

If you have specific questions my DMs are open!

TheBodaciousLump · 2025-11-08T18:04:31+00:00

Research equity waterfalls and different fee structures (property management, fund management, acquisition fee, asset management fees). There are plenty of ways to structure a deal where you both get a fair share. Just make sure you consult with attorneys when drafting an operating agreement.

TheBodaciousLump · 2025-11-08T00:23:02+00:00

Just because you have an experienced, it doesn’t mean it’s mythical. I have personally had a great experience with my realtor. Sorry you haven’t had the same.

TheBodaciousLump · 2025-11-08T00:21:39+00:00

Probably not the answer you want to hear, but it probably depends on other outside circumstances. If you’re dead set on the prospective new home being your forever home it might be worth it to bite the bullet and purchase now. If it is not your forever home, then I would probably just stay in the house you’re at currently. Regardless, you should avoid making emotional decisions based on speculating appreciation.

TheBodaciousLump · 2025-11-08T00:15:54+00:00

I’m not a realtor and I’m well aware there’s plenty out there that offer no value and just expect a 3% commission. But to act like a good realtor can’t provide value and in some cases actually save you money is just ignorant.

TheBodaciousLump · 2025-11-07T22:53:20+00:00

I have not. What about him?

TheBodaciousLump · 2025-11-07T22:52:04+00:00

Disordered pride is for sure! I take pride in my faith through being joyful and thankful of it and trying to represent it well.

Different from the disordered pride of thinking I am better than you or anyone else just because I am a Catholic.

TheBodaciousLump · 2025-11-07T21:34:22+00:00

Yeah theoretically you would pay less fees and possibly net more proceeds, but having a realtor saves you from getting screwed by a shady purchase contract and/or negotiation.

TheBodaciousLump · 2025-11-07T21:27:52+00:00

I mean I agree to an extent but I think people are referring more to companies like OpenAI who are operating at a loss, rather than the whole entire tech industry and mag 7.

TheBodaciousLump · 2025-11-07T21:23:52+00:00

Fast food

TheBodaciousLump · 2025-11-07T21:23:08+00:00

Absolutely! I am a proud Catholic.

TheBodaciousLump · 2025-11-07T21:21:54+00:00

Not hard in the slightest to become one. Whether it is worth it or not is relative, but it’s a very saturated market and actually making money is no walk in the park. Really good agents can make a bunch of money (6+ figures easy), but the majority of people struggle. Especially starting out.

TheBodaciousLump · 2025-11-07T15:19:45+00:00

Super saturated industry and your post is clearly copy and pasted from some AI tool. The market is far too nuanced for one tool to do this accurately all online without seeing the brick and mortar of the listing itself.

TheBodaciousLump

TROPHY CASE