Brian Bellanca
Adjusted Basis of Rental Property?
26 March 2019 | 14 replies
I recommend filing an extension and searching after the deadline passes.
Aaron Gomez
Should I borrow from 401k to purchase Bay Area home?
24 March 2019 | 28 replies
Please note that you are obligated to pay back their 401k (regardless of the performance of your real estate investment).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).If you are self-employed with no full-time employees & you can rollover the funds, you could set up a Solo 401k, rollover the funds and take a 401k loan from the Solo 401k.
Jolyn Chen
New to BP - DTLA area (design/hospiality/REI)
24 March 2019 | 5 replies
My background is in hospitality management/tourism and now finishing up the interior architecture program at UCLA extension (this summer!).
Ashley Rummage
Should we use our HELOC to fund 1st short term rental property?
26 March 2019 | 3 replies
Not impossible to find, as I did score a pretty sweet deal that I'm developing right now, but I'm not using any heloc and just using funds I've been setting aside to develop this deal.Basically I would just do your due diligence, look into airdna.co and buy reports on zipcodes you're interested in and do extensive research on the area from one bedrooms to 4 bedrooms and compile all the data from 50th to 90th percentile listings so you can come up with averages overall and see if it will pencil enough that even with a downturn you'll still be sitting pretty.
Allen Smith
Contractor referrals in OKC area
23 March 2019 | 0 replies
As anyone from this area knows they go quick and most need extensive work.
Bruny C.
Hard Money Lending - Rental Property
24 March 2019 | 10 replies
@Oleg Shalumov The properties I'm looking at don't require extensive rehab that will take a long time to complete, I've factored in ample time of holding cost and I have a good amount of reserves, not enough to pay the HML off but I can borrow the rest to pay off the loan if need be.
Donnell Durden
How can I buy this property ?
25 March 2019 | 6 replies
(Back story) I am set to partner with a local (CT) hair salon owner who has been a tenant for 20 years.
Patrick Ryan
Small Multifamily in DC & Alexandria
24 April 2019 | 3 replies
I’m looking for an investor-friendly realtor, and I’ve done an extensive search throughout the area.
Nico C.
Flood Insurance Blues
30 May 2019 | 21 replies
I got an elevation certificate (costs $250-$400 where I live) and my flood insurance dropped by almost 2/3rds. down to just a hair or so above $700/year.
Lisa Session
Starting out New in Birmingham Alabama
12 February 2019 | 5 replies
After some extensive research by conducting personal interviews with investors I concluded that great customer service and response time were two of the main issues I heard when it comes to getting assistance from Real Estate Agents.I feel that with the combination of my Technology skill set, analytical way of thinking, and very strong in being a person of my word I am striving towards being that go-to agent for Alabama Real Estate Investors and out of state investors looking to invest in properties here in Alabama.I will I do that by gearing towards helping you the investor by doing the following:-Find distressed properties with motivated sellers-Probates – which are great sources of investment deals (and I plan on becoming anexpert in probates and start building a network among Attorneys in that space)-Research and find REO’s and Short Sales and work diligently to prove myself in thatspace by establishing trusted connections with banking Asset Managers at localbranches-Obtain knowledge of what investment properties sell for in my market-Learn YOUR language…such as ROI, Cap Rates, 1031 Exchanges, cash-on-cashreturns and net present value which will involve continuing education for myself,but I am up for the challenge-Know your investment goals (understand what matters to you) …how much will itcost?...