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Understanding Private Money Loans
Hey BP,My wife and I are self-employed and have a nice savings but because of our taxes (we expense A LOT of things) we're having trouble with conventional loans so we started looking at Private Money Lenders. We're l...
Jimmy Hong
Pay higher taxes to get access to financing?
Does anyone intentionally report higher taxable income (and obviously pay higher taxes) so they can qualify for financing, such as heloc or business line of credit?I understand there are alternative methods such as ha...
Joe Giovatto
Should I Withdraw My 401K To Fund My First Deal?
Hey
everyone! I'm hoping for some advice as I look start my real estate journey. A
bit of background - I'm 28 years old, and have been contributing to my 401K for
the last 5 years. Thanks to all the great informati...
Ned Carey
Tax Liens are not always as they appear.
Just got a tax lien redemption check from Baltimore City Today. City records show that this was redeemed back in April. It took 3 months to get us our money back from the city!
So what does that do to the interest r...
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Risk vs Taxes
This is a question for real estate investors that use at least some of their own money and believe taxes will go up in the future. Please don’t let this turn into a political debate.
Are you more, less or just as li...
Luke Rainone
Tax Deeds and Tax Liens... Great Deal or no?
Who has invested in Tax Deeds or Tax Liens (Tax Certificates) in the past? Have you been successful at it? Do you think it is an underserved area of the marketplace?
Michael Plante
Can you create a Corp to flip houses and reinvest the profit?
YES Yes I know ask an accountant
It’s Saturday I don’t want to wait until Monday 😀So could a corporation flip houses reinvesting profits into the next flip to temporarily avoid income tax instead of having to 1031?...
Karen C.
401k to Self-Directed IRA
Hi everyone! I have a 401k from a previous employer that I would like to transfer to a self-directed IRA instead of my new employer's 401k plan. My hope is to be able to invest in syndication opportunities. I do have ...
Jerry Chilimidos
SDIRA lending and borrowing.
Hello all, I have a SDIRA with some cash, 2 paid off properties and a stock portfolio in the SDIRAs name. I was thinking about leveraging those assets as collateral and doing some hard money lending. Is that a thing...
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Tax and Investing
As an example, do you know how to invest in Tax Lien Certificates and Tax Deeds? Briefly, state, county and local governments raise money to provide benefits and services via taxation. One type of taxation, is a tax o...