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2 September 2016 | 14 replies
Every now and then they have another guide we can read for free to get some concepts down.Personally, I've read many books, listened to tapes and cd's, attended seminars, and webinars, and even had a license for several years.I think of 2-3 online YouTube mentors that I really liked and think you might want to start there Steph Davis and wholesaling, Phil Pustejovsky on Creative finance, and Ron LeGrand for Owner Finance, Lease Options, Subject to, of Pretty Houses!
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28 August 2016 | 5 replies
The major drawback there is that you would have to pay closing costs twice in 6 months.
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3 September 2016 | 6 replies
Are there places to get some initial numbers online maybe without that heavy due diligence just as a way to practice analysis?
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28 August 2016 | 3 replies
The house was bank owned, and needs some work, but nothing too major.
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13 September 2016 | 12 replies
The vast majority of the properties go under contract before the rehab is done, however, the investor doesn't close until the rehab is done, an inspection completed and a tenant in place.
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29 August 2016 | 9 replies
Drawing equity as a beginner, maybe the simplest (And most cost-effective) approach.As your experience and network expands, you'll learn other financing optionsI'm sure there is a ton of info online (and on BP) about getting started flipping.
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6 September 2016 | 10 replies
Hi everyone,I've been listening to BP for awhile and decided to see what online content there is.
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31 August 2016 | 14 replies
I invest in lower B class properties in a strong market (Nashville) where I can cash flow (NOI even after all set-asides for PM, major repairs, etc) about $300 a month for every $170K home I purchase.
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15 August 2020 | 12 replies
., former employer 401k) to a solo 401k are not reported on Form 5498, but rather on Form 5500-EZ, but only if the air market value of the solo 401k exceeds $250K as of the end of the plan year (generally 12/31);When funds are rolled over or transferred from an IRA or 401k to a self-directed IRA, the amount deposited into the self-directed IRA is reported on Form 5498 by the receiving self-directed IRA custodian by May of the year following the rollover/transfer.Rollovers (provided the 60 day rollover window is satisfied) from an IRA to a Solo 401k or self-directed IRA are reported on lines 15a and 15b of Form 1040;Pre-tax IRA contributions on reported on line 32 of Form 1040;Pre-tax solo 401k contributions are reported on line 28 of Form 1040;Roth solo 401k funds are subject to RMDs;A Roth 401k may be transferred to a Roth IRA (Note that from a planning perspective, it may be advantageous to transfer Roth Solo 401k funds to a Roth IRA before turning age 70 ½ in order to escape the Roth RMD requirement applicable to Roth 401k contributions including Roth Solo 401k contributions and earnings.)