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3 May 2024 | 25 replies
Here is the lowdown:Purchased an investment single family home 2bed/1bath in North Park that was well under market value due to repairs needed and being built in 1928.
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2 May 2024 | 8 replies
You can either send in capital you've saved in a highly accessible account or you can invest using your retirement savings.Wire Liquid FundsIf you've saved your investment capital in a highly-accessible, highly liquid savings or other bank account, you can simply wire the entire investment amount to the sponsor, according to the instructions provided in the investment documentation.
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6 May 2024 | 37 replies
Attorney's can help with some things, but I don't know a single attorney that has a formal credit background that understands the ins and outs of underwriting a deal.
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4 May 2024 | 9 replies
Hi All, I've been a real estate agent for 8 years and picked up a single-family rental a couple of years ago, but have never really gotten into the investing side of things myself even though I have several investor clients (foolish, I know).
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4 May 2024 | 4 replies
This can give you bigger tax deductions sooner, which might help balance out the tax you owe on your sale.Capital Gains Exclusion: Since you lived in the property as your primary residence for at least two of the five years before selling, you might already know about the $250,000 (single) or $500,000 (married filing jointly) exclusion on capital gains.
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2 May 2024 | 9 replies
I understand that any RE earnings would have to stay in the account until I retire.
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4 May 2024 | 1 reply
Once you have a shortlist, sign up for an account with each one and test them extensively to see how they function.
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3 May 2024 | 33 replies
Was trying to post a link to video that explains using single source funding to do a double close but it won't post.
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3 May 2024 | 12 replies
Hey BP Family, I'd love your insight on this.I'm currently weighing two intriguing options: house-hacking a 4-plex or venturing into the realm of MTR with a single-family home or duplex, particularly for renting to travel nurses.
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3 May 2024 | 2 replies
You just have to season the funds which means get it into a savings account 3 months prior to the purchase application.