Steve Englehart
Cashing out IRA to buy rental properties.
29 January 2025 | 47 replies
We do those types of loans.
Tom Hall
is it a good idea to pay of my mortgage fast?
6 January 2025 | 28 replies
The loan is done and you can invest in other options.
Leon George
New to BP Community
24 January 2025 | 13 replies
.- They often get sold Class C or D properties while using Class A assumptions - then wonder why they are losing money.Here's some copy & paste info that you hopefully find helpful:-----------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
Josh Smith
HOA management in Pigeon Forge
31 January 2025 | 1 reply
Since I'm not a pigeon forge local, I also don't have a good feel for the appropriate cost of goods and services either.While I don't necessarily suspect anything nefarious from the management company, I don't now that our financial incentives are always well-aligned.
Juan Ruben Cortez
Assuming a VA Loan
29 December 2024 | 1 reply
Quote from @Juan Ruben Cortez: I believe the funding fee is 0.5% of the remaining loan balance, plus maybe another $500 - $1,000 in lender fees.
Timothy Villa
Real Estate Novice
31 January 2025 | 1 reply
If you need financial help, ask under the "Finance, Tax, and Legal" forum.
Kwok Wong
Seeking Guidance on Getting Started with Hard Money for BRRRR/Flip Projects
23 January 2025 | 1 reply
You'll want to put together a personal financial statement (basically lists of all your assets and liabilities) and have your tax returns ready.
Jacob Havlovick
Duplex House Hack
22 January 2025 | 8 replies
@Jacob HavlovickBigger Pockets is a great place to find a real estate tax accountant.A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant who specializes in real estate taxation, business taxation, financial planning and tax planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.
Greg P.
Getting Started. How & What would you do with $750k? Suggestions?
30 January 2025 | 48 replies
Hey Greg,With $750k to work with, you're in a great spot to make a serious move towards financial freedom through real estate.
Stepan Hedz
Unraveling the Potential of Phoenix's Distressed Property Market
27 January 2025 | 3 replies
Distressed properties are real estate assets that are usually sold at a discount due to financial or physical distress.