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22 January 2025 | 21 replies
Also be aware of Unrelated Business Income Tax (or UBIT) on leveraged real estate inside of an IRA.Or better yet, since you are self-employed - go with a truly self-directed Solo 401k plan, which would be a much better option and will help you avoid the UBIT on this investment.
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6 February 2025 | 7 replies
Its not personal, its business.
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23 January 2025 | 7 replies
Best bet though is a local community business bank..
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7 February 2025 | 13 replies
If a HELOC isn’t an option, alternatives like a home equity loan, business line of credit, or a DSCR loan could work depending on your situation.
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7 February 2025 | 6 replies
If you do that once it's a problem but six times and perhaps more you probably shouldn't be in this business.
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31 January 2025 | 3 replies
If my business owner bank statements did not gain me an approval, I was going to go the hard money route.
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6 February 2025 | 9 replies
If your current CPA can't provide this type of advice, maybe try the BP pros finder tool (I will post the link below) or hopefully someone will comment here and recommend a real estate CPA that they worked with before.https://www.biggerpockets.com/business/finder/searches/ffd0c...
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24 January 2025 | 1 reply
I'm eager to grow my book of business in various markets and connect with active wholesalers.
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6 February 2025 | 2 replies
Lenders want your business, and you can negotiate terms, credits, and even push for a better rate.
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21 January 2025 | 59 replies
Flipping is a production business.