Rich Weese
Income stream---GUARANTEED!!!!!
This is a follow-up to the thread on income streams not requiring real estate. I replied to a post about buying a self storage facility. Having bought one recently, I assure you it is NOT like buying real estate! It i...
Tim Houzenga
What would you do in my position?
What would you do in my position to acquire another income producing property of any type. Land? SFR? Commercial? Long Distance? ( I know what I want to do, but would like to see how other people would approach this ...
Anthony Smoke
My first Deal after 1 week on BiggerPockets
I received a deal from a wholesaler on BiggerPockets (I gave a reference to the wholesaler). This is a single family home located in Wilmington, NC. The deal was $80K for a 2 bed / 2 bath 1140 sqft property. It has re...
Alexander Teague
My Current Path to financial freedom-Weighing investment options
Age-34, Single in ArizonaCurrent Net worth-$24K USD in Stocks, 10K in Roth IRA. *I am just starting to put money away as I cleared all of my debts in the last half year.Debt-$0Salary-$75K gross, which is $52.5K N...
Account Closed
Cares Act withdraw 100K
Does it make sense to withdraw the max of 100k to invest in a rental property vs a flip?
Christopher Derr
AM I READY? or do I need to pay off some debt first?
My wife and I built our home a little over 2 years ago, appraised at 265k during construction for loan purposes, assessed this year at 284k. (I think it would appraise for 280K no problem now based off comps in the...
Karlo Alamo
To pay, or not to pay?
Hello friends!
I recently lost my job due to COVID, and I had a work history with a good income for 4 years. Now that I decided to chase what I really want which is Rental Investment, I've come across this roadblock....
Nigel Dollentas
Can I as a High School Senior get into REI?
So a little backstory: As the title states, I will be entering the 2016 school year as a high school senior. I have about $5,000 (previously earmarked for opening a ROTH IRA) at my disposable and want to know if it is...
Anas B.
Tax Considerations for Flipping
Hello all,
What are the best tax preparation practices for house flipping? I utilize two methods of home repairs: rehab then rent; or rehab then sell (the typical flip).
Would my tax planning differ in each of the t...
Account Closed
401K Conversion to Roth
Last year I converted an old 401k of mine into a Self Directed 401k and used that to buy and refurbish a few properties and now the monthly income is very nice and I sleep at night knowing I'm not overly reliant on th...