Michael Lee
Trying to figure out what to do?
18 April 2016 | 34 replies
Once your spouse can transfer her employer retirement plan to an IRA, she will be able to invest her retirement funds in tax liens.
Sam Leon
If you won't rent to a lawyer, would you rent to a cop?
10 September 2015 | 42 replies
It really helps with crime in the area and they usually have steady employment but that doesn't out weight the worst downside for me.
Alex Jeffrey Steady
Hello BiggerPockets World
11 September 2015 | 16 replies
Currently, I'm an employed independent contractor working for a fleet company, and I'm scraping by income wise.
Nikki Harmon
Wholesaler Misrepresented himself
5 September 2017 | 196 replies
—This part does not apply to:(2) Any individual, corporation, partnership, trust, joint venture, or other entity which sells, exchanges, or leases its own real property; however, this exemption shall not be available if and to the extent that an agent, employee, or independent contractor paid a commission or other compensation strictly on a transactional basis is employed to make sales, exchanges, or leases to or with customers in the ordinary course of an owner’s business of selling, exchanging, or leasing real property to the public.Right now the DBPR is about charge a local wholesaler with a few felonies, choose the words you us wisely.Hope this help
Mike Quealy
Question about conventional financing for third property
10 September 2015 | 5 replies
There are very rare occasions that the participants in the plan have agreed to their funds being held in an account with absolutely no access unless they have reached retirement age or leave their place of employment.
Sam Leon
Too many vehicles
12 September 2015 | 10 replies
Sam Leon my lease reads like this, paragraph 33, vehicle policy, "the tenant agrees never to park or store a motor home, camper, or any sort of recreational vehicle on the premesis and to park only "x" automobiles, license plate number "xxx-xxx" make of automobile, __________ only on the paved area provided in the designated and labeled parking spots.
Sean Peters
What would you do: Make $400K on a flip, or $2500/month cash flow
13 September 2015 | 20 replies
@Sean Peters I agree with those abovecondo converts can cost far more than one might thinkyou sell these off as inventory and your a dealer and taxed as ordinary income and self employment tax unless you C corp I thinkcontingent liablity of selling attached units as the developer.. this is a real issue and proper insurance is advisable for future litigation for construction defects.So the number really is the 250k number VS the cash flow and what would you do with 250k if you use it to spring board your business then I think thats a good move.other wise you can jsut rent it knowing you can condo convert at a time in the future if prices rise and it becomes even more advantageous to sell off.Now check with your accountant but you might be able to condo convert and keep these as rentals put them on schedule C and then sell them off over time.. and get cap gain or preserve 1031 potential.. either way sounds like you have a nice deal
Eric Hu
Should I put property in LLC at Closing?
12 September 2017 | 12 replies
Say that you are self employed for example.
Krista Robinson
Client Doesn't Want to Rent, Foreclosed on Recently
16 September 2015 | 2 replies
I've got two lease to own programs that might work if he is still employed/can show proof of employment?
Ray Miller
Reducing 403B contributions to accumulate cash
13 September 2015 | 2 replies
It may also be wise to contribute a least enough to satisfy the employer match portion.