Sergey Lomakin
Buying a friend's condo - how can she avoid cap gain taxes?
My retired friend (~66 years old) wants to sell me her condo in Lake Stevens WA for about $225k. It needs about $7k (according to her standards) to $20k (to my standards) to get it sale ready. She owns it free and cle...
Lori H.
Tax Issues of sale of Estate property of an elderly relative
My Grandmother owns a home near Issaquah, Washington. She has owned it 50+ years and is now going to move into a care facility because of her health issues. She has rented out the home to family members for 1 year and...
Dan D.
$1 million or $5,000 a month for life
This is a question that's been bubbling around recently.My thought is on this form, the majority would take the $1,000,000 to buy multiple homes or multi-family complexes in the hopes of doing better. Meanwhile, many...
Marc M.
Checkbook IRA LLC Questions
Hello BP,I have a small (<$50K) Roth IRA that is currently 'self-directed' with Etrade to purchase stocks. I have read many posts on here about buying Real Estate with an IRA or Solo 401k (which I qualify for, but ...
Christopher Kolasa
Half net worth in 401k, time to stop contributing? Futures.
Hey all, with the begins of my rental portfolio underway, a duplex and a single family (partnered) with a built to rent property under contract that'll be ready Q1 next year (2021), half my net worth is sitting in my ...
Lou Castillo
Reverse Mortgage Question
Does anyone have any feedback on buying a property subject to a reverse mortgage lien? Are these lenders more likely to enforce the due-on-sale than lenders on traditional loans?
Nichole Mollica
Reverse Mortgage Short Sale Questions???
I have an executor who would prefer to sell to me rather than pay for listing. The reverse is about 100K over market value in current condition. He wants to be able to pay off the grandchildren named in the will to...
Darrell Jones
Financial Planner
Good afternoon to all my fellow BP members. Should I start searching for a financial planner now or when I start making money in RE investing? Is it worth working with a financial planner? I know there are differen...
Kim Newman Kanney
Retiree considering real estate investment. Crazy thinking?
I am in the process of selling a piece of farm ground. I want to diversify as well as keep this money in tangible assets. I'm 62. All of our income at this point comes from pensions, annuities, etc. Am I crazy to be ...
Bradley Shive
Self Directed IRA's - anyone have experience?
Im considering a self directed IRA. Does anyone have experience with them? There are a fair number of rules and regulations, but I'd like to learn more if someone has real world experience. Questions that come to m...