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6 December 2024 | 21 replies
Start with BiggerPockets Ultimate Beginners Guide (free).
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13 December 2024 | 16 replies
that didn't make sense to me that if i have my ira with you then you will put who the owner is but if i don't have it with you you wont' put anything.anyways, she def didnt' give me indication that she exactly knew. maybe i had a bad agent and since i was already skeptical of using a small bank, that def turned me off.at chase my account shows that it's a business account under an llc. i am the manger of llc, the only thing that worried me is that they put me as a the owner of llc. this seemed no diff to me that when you go get an ein, it also puts you the owner of llc. if irs itself can have this limitation in getting the ein, then surely they would understand the limitation of the bank. besides, i have a fully complying operating agreement in which i have a clause that explains while irs ein letter shows me as the owner, in reality it is my ira that is owner and that that there are limitations on irs website when obtaining an ein. i will jsut be adding a similar explanation in my operating agreement about bank acct and have all the supporting documentation in case if it's ever needed. but that's where i am at.i wish this process was simpler/ easier. it is also very frustrating that the custodian doesnt' telll you anything. they all market you can have a checkbook ira but don't really guide you in HOW to do it practically. all these rich ppl are doing it and i doubt they are going through all these hoops. ...
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3 December 2024 | 4 replies
They did not reopen for quite a while.That's the reason why I made no mixed use investments in small towns, too many societal changes, business issues, zoning regulations that can trip you up.The other issue major is that some businesses are incompatible with residential use.
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9 December 2024 | 98 replies
This can beat wanting a trip to Las Vegas!
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4 December 2024 | 0 replies
Well, those are my thoughts, and above all, I trust God to guide as I continue in this lifelong journey
2 December 2024 | 1 reply
Interest is 18%.for a total of 30.5k in debt.current financial status:1k emergency fund.1k in reserves outside of that.6 month plan:I'm going to japan in march with my sister so i'm currently reserving my money to do cool things in japan as it was my personal incentive to get my *** into gear and get my life together.after that trip i'm planning to tackle my debt in order of highest interest rate to lowest interest rate.I believe i can comfortable put 2500 a month into my finances. so i expect to be able to be debt free roughly a year from march.After that: im planning on parking my money into the smp 500 to help it grow until i have enough money for a downpayment on a duplex to a quadplex and doing the houshacking strategy yall talk about.
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3 December 2024 | 4 replies
Start with BiggerPockets Ultimate Beginners Guide (free).
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3 December 2024 | 0 replies
These properties offer incredible potential, but I’d love to learn from other investor experiences to better guide my clients and partners.
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3 December 2024 | 9 replies
Keep in mind, no matter how many round trips you do with entitlements you will always face some degree of adversity because there are so many variables, many of which are unknown until you start your process.
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15 December 2024 | 30 replies
If you're gonna look at Cleveland, I'd say you wanna read The Ultimate Guide to Grading Cleveland Neighborhoods before making any buys.