Rochelle Thea Fabrizio
Active Duty Flipper with Big Dreams
27 January 2020 | 13 replies
Before leaving they unfortunately stole my refrigerator, concrete patio set, fire extinguishers, extra materials for home, and any closet component they could get their hands on.
Steven Andrews
Raising rents or tenants paying utilities. Which is harder?
17 January 2020 | 12 replies
As @Michael Ablan mentioned, depending on your state regs (places where rent increases aren't regulated so heavily) the general rule of thumb that I use when increasing rents is this:1-5% increase: keeps up with inflation and generally not enough to force a tenant to move.6-10% increase: tenants will start to weigh alternatives and will consider moving.
Eric R Stofa
ADU's, sell separately from existing residence, is it possible?
23 January 2020 | 15 replies
Is their an alternative to sell the ADU by itself?
Logan Vierstra
Are there alternatives to the standard PAY CASH & CLOSE FAST scri
9 May 2020 | 4 replies
It seems like a lot of the recommendations for the wording to use on postcards and letters are strongly based around being able to offer cash and close fast.
Has any one experimented with listing some of the more cr...
Sean King
New Member Looking to Get Started in the MSP Area.
17 January 2020 | 5 replies
Grinding through all of the material now and BP webinars.
Laura Shinkle
2020 Economic Outlook
21 January 2020 | 9 replies
Because that is where we are moving towards as costs of new unit construction increase exponentially via the trinity of cost increases (material, labor, administrative).
Aris Azar
New investor from Charlotte, North Carolina
23 January 2020 | 23 replies
I certainly intend to keep glued to the podcast, while reading all the material I can get my hands on and complementing my study with attendance to local REIA's.I'm sure I'll have more questions and I look forward to sharing with you.Aris
Desmond Sexton
Newbie from Bucyrus Ohio,
14 June 2020 | 3 replies
There is lots of free educational material on BP.
Tamika Malcolm
How to use 401k for investment properties
21 January 2020 | 7 replies
The repayment terms for a 401k participant loan are equal monthly/quarterly payments of principal and interest (typically prime plus 1%) over a 5 year term (longer if used to acquire your principal residence).Please note that if you take a full $50,000 and then pay back the loan, you can't take another $50,000 until 12 months after the first loan was fully paid back.Per the loan offset rules that went into effect with the 2018 Tax and Job Act: if you leave your job and the loan is current at the time you leave your job but then the loan goes into default because you left your job, you will have until your tax return deadline (including any timely filed extension) to make the loan current by depositing the outstanding balance into an IRA (and thereby avoid the taxes and penalties that would otherwise apply).Alternative: Rollover Funds to A Solo 401k & Take a 401k loan or Invest in Real Estate DirectlyIf you are self-employed (i.e. active self-employment earned income separate from your w-2 income) with no full-time w-2 employees, you can set up a Solo 401k and then rollover your 401k funds once you leave your current job [NOTE: You generally can't rollover funds that you saved to your current employer plan until you quit.].You could then take a loan of up to 50% of the balance not to exceed $50,000.
Sean Smith
Help finding an offer price
17 January 2020 | 0 replies
The construction materials (it's an old building) are the same and we even share a load bearing wall.