Stephen Mendoza
Assigning a property to an LLC
My business partner and I recently purchased a property in our names. We would like to assign the property to an LLC where we are the only two members. In the bank note, it says if we assign the property without the...
Mack Bekeza
What are your thoughts on the financial services industry?
With the BiggerPockets member base being so diverse (not just in Real Estate), I would love to hear peoples' thoughts about the financial services industry. As a reference, the industry consists of Banking, Insurance,...
Brett Loetz
Will I pay ordinary income or long term capital gains?
We are selling a property we have purchased in Nov. 2018, and are scheduled to close on May 8th.We did a rehab on it, used the brrrr strategy and rented it out from June to January to a short term insurance deal that ...
Ruzanna Queenan
Do real estate investors need a financial plan?
Hey successful investors - If you have a robust property portfolio do you still need a financial plan? Or as long as you have cash coming in you're all set?What are your reasons for having or not having a plan? Apart ...
Crystal Ribail
First off market apartment looking for creative financing advice
Just finished reading financial freedom and multifamily millionaire volume 1&2. I recently closed on an off market single family home and as I have been networking more and telling family friends about my real est...
Christopher Middleton
Life Insurance used as a bank account
I was listening to some old podcasts from "The Real Estate Guys" today. They had a special guest speaking about using life insurance as a better bank account for REI's.
Has anyone used Whole Life Insurance as a bank...
Jeff S.
New retirement withdrawal rule could backfire in costly way
I know all you youngsters think you won't get older but it happens. So what you say.For those of you that are socking money away in tax deferred accounts planning on taking it out in old age. If you have a lot and you...
Nathan Herber
Solo 401/SD IRA, vs Cash Out, vs Whole Life Insurance
Hi Bigger Pockets Community! Merry Christmas and Happy New Year to you and your family.
So, I am going down the rabbit hole of researching moving my 401k and my wife's 403b from a former employer to a Solo 401k and...
Mindy Zimmerman
Life Insurance Naysayers - How Do You Deal With Them?
I know several BPers use some form of permanent life insurance to help their investing. I'm just looking into it and getting a lot of negative feedback from non-investors.My brother has said things along the lines of...
Xavier A. Malave
Life Insurance for Real Estate investment
Hello,I’m currently putting $20,500 every year towards my Roth Tsp Account (401k). I was wondering if should put that money into a Life Insurance account so I can them use that money to invest it now, instead of havin...