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Results (10,000+)
Richard Townsend Question about BRRR strategy
6 November 2018 | 17 replies
You could partially refinance to take out enough to begin to finance another property, but I have never liked that thought line because all you are doing is taking money from Peter to pay Paul, and that is certainly not beneficial to you. 
Tom Gallagher Saving for an Investment Property
5 November 2018 | 6 replies
Does anyone use mutual funds, etc. to let your money grow while you save?
Beverlie Lejeune Considering owner financing my 2nd home. Not sure where to start?
6 November 2018 | 0 replies
I'm considering  the possibility  as  it would be more beneficial for me to  generate income with this house instead of  putting more money into fixing it . 
Matt R. Looks like Amazon hq2 is NYC and VA
11 November 2018 | 80 replies
Marriott, Northrop Grumman and many other companies have certainly found it beneficial to be here for the purposes of lobbying 
Michael Rivera NJ Couple: Small business owners looking for general advice
8 November 2018 | 8 replies
We began budgeting, paying off debts, working harder, and overall becoming more financially responsible.We want to get out of NJ, but we are aware that we have a cash flowing business, and have made many connections over the years that can prove to be beneficial to us if we were to invest in NJ.
David Naiman How to start, The steps and Who to start with?
7 November 2018 | 4 replies
Or is having the money more beneficial for your first deal? 
Rich V. Investor-Rental property insurance
8 November 2018 | 4 replies
This can be extremely beneficial to the insured and is the ideal coverage to have.Common Special Form Policy Exclusions: Ordinance of LawEarthquakeFloodPower FailureNeglectWarNuclear HazardIntentional Acts
Tyler Gregerson Which BP Suggested SD IRA should I use?
14 November 2018 | 4 replies
@Tyler GregersonFollowing are the similarities and differences between the solo 401k and the self-directed IRA.The Self-Directed IRA and Solo 401k SimilaritiesBoth were created by congress for individuals to save for retirement;Both may be invested in alternative investments such as real estate, precious metals tax liens, promissory notes, private company shares, and stocks and mutual funds, to name a few;Both allow for Roth contributions;Both are subject to prohibited transaction rules;Both are subject to federal taxes at time of distribution;Both allow for checkbook control for placing alternative investments;Both may be invested in annuities;Both are protected from creditors;Both allow for nondeductible contributions; andBoth are prohibited from investing in assets listed under I.R.C. 408(m).The Self-Directed IRA and Solo 401k DifferencesIn order to open a solo 401k, self-employment, whether on a part-time or full-time basis, is required;To open a self-directed IRA, self-employment income is not required;In order to gain IRA checkbook control over the self-directed IRA funds, a limited liability company (IRA LLC) must be utilized;The solo 401k allows for checkbook control from the onset;The solo 401k allows for personal loan known as a solo 401k loan;It is prohibited to borrow from your IRA;The Solo 401k may be invested in life insurance;The self-directed IRA may not be invested in life insurance;The solo 401k allow for high contribution amounts (for 2018, the solo 401k contribution limit is $55,000, whereas the self-directed IRA contribution limit is $5,500);The solo 401k business owner can serve as trustee of the solo 401k;The self-directed IRA participant/owner may not serve as trustee or custodian of her IRA; instead, a trust company or bank institution is required;When distributions commence from the solo 401k a mandatory 20% of federal taxes must be withheld from each distribution and submitted electronically to the IRS by the 15th of the month following the date of each distribution;Rollovers and/or transfers from IRAs or qualified plans (e.g., 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.)
Mike M. Parma: How important is having a dishwasher and 2 car garage?
8 November 2018 | 6 replies
I think providing a washing machine and dryer was most beneficial IMO.One deal breaker for Parma would be to double and triple check if there is any basement flooding.
Mark Costa Are these conflicting priorities?
9 November 2018 | 6 replies
Goal B: Save as much cash as possible so you are ready to BUY when recession hits.At first these goals seemed mutually exclusive to me but then I wondered...Can't you accomplish both by taking out a HELOC against your primary residence while directing all spare cash flow to your mortgage until it's paid off?