Account Closed
Pay in Full or Just 20% Down?
31 October 2017 | 21 replies
Why would I put excess share of my precious capital in a mortgage to save 4% APR, when I could buy another rental and earn way more?
Jacob A.
Starting a TX LLC to avoid inheritance taxes
24 October 2017 | 8 replies
Here's the information I have on it:PROPERTY SUBJECT TO INHERITANCE TAX All real property and all tangible personal property of a resident decedent, including but not limited to cash, automobiles, furniture, antiques, jewelry, etc., located in Pennsylvania at the time of the decedent’s death is taxable.
Amir M.
What were you before you started in investing?
22 December 2017 | 76 replies
But it never mattered to me...my time is my most precious commodity.
Tim Moore
30K Back Taxes Nightmare
30 November 2020 | 9 replies
She claimed that there were $30,000 in back taxes that the bank promised they were going to pay after closing. 6 months after she bought the property she said that they dumped the taxes on her and she tried to fight it for 4 years to no avail (she said they had done this to 2 precious buyers.)
Matt R.
Bitcoin is now 12k - Is it here to stay or gone tomorrow?
7 December 2017 | 13 replies
Banks set up funds and even an exchange for those precious bulbs.
Michael Guzik
MYTH BUSTERS....Is being cheap really expensive?
18 December 2017 | 29 replies
There are other times when time is more of a precious commodity and one can't afford the time that may come with testing and understanding the problem of the used dishwasher, and getting a replacement heating element for it, and swapping it in.The takeaway here though is that unfortunately there's not a simple answer.
Steven Mason
Purchasing 1st Property-HML,Conventional, or Private Lender?
6 May 2018 | 10 replies
I don't want to have the property longer than 6 months which means I can't afford to waste precious time securing funding, closing, & selling the property.
Brian Joseph
Self directed ira solo401k advice
7 May 2018 | 6 replies
The Self-Directed IRA and Solo 401k Similarities Both were created by congress for individuals to save for retirement;Both may be invested in alternative investments such as real estate, precious metals tax liens, promissory notes, private company shares, and stocks and mutual funds, to name a few;Both allow for Roth contributions;Both are subject to prohibited transaction rules;Both are subject to federal taxes at time of distribution;Both allow for checkbook control for placing alternative investments;Both may be invested in annuities;Both are protected from creditors;Both allow for nondeductible contributions; andBoth are prohibited from investing in assets listed under I.R.C. 408(m).The Self-Directed IRA and Solo 401k DifferencesIn order to open a solo 401k, self-employment, whether on a part-time or full-time basis, is required;To open a self-directed IRA, self-employment income is not required;In order to gain IRA checkbook control over the self-directed IRA funds, a limited liability company (self-directed IRA LLC) must be utilized;
Michael Piccolo
Finally closed on my first property!
25 January 2018 | 15 replies
Different wholeseller saw my precious two cash purchases and mailed me a postcard which lead me to another flip which was a small 3 bedroom townhouse.
John Park
Offer submitted almost a MONTH ago with NOTHING
7 December 2017 | 38 replies
If an offer is accepted, you just pull the other offers before they accept.And I think it's precious that people think adding a deadline to the contract will make any difference whatsoever.