Dawna Willis
Purchasing Real Estate with a Solo 401K loan
I would like to roll over funds from a 401K with a previous employer to a solo 401K with the intent to take a personal loan of 50% of the funds. I would take the $20K and add it with personal cash from my husband to...
Brian Jones
New member
good evening BP! I am new to participating in the forum but have been listening to podcasts and watching the webinars for several months. I have always had the desire to invest in real estate but have mostly been ful...
Ricardo Meza
What would BP do? - What to do with Primary Residence
Our current residence, a condo, turns out would not make for a good rental property. I simply could not get rental income to cover the current mortgage, HOA, taxes, and anything else to make it cash flow positive. S...
Brian Garrett
Slightly off-topic loan to a commercial endeavor opportunity
I realize this may be slightly off-topic, so if it's too far off let me know.Here's the scenario. I have a friend through one of the recreational activities that we both participate in with an adult son who owns an el...
Mike Mefferd
New Member in Ann Arbor, MI
Hello all and Happy New Year to everyone. My name is Mike Mefferd and I am a new member to the Bigger Pockets community and also to the Ann Arbor area. I have spent the last 6 months or so reading all the great blogs ...
Sudhi Avula
claiming Bonus depreciation
I am buying a Short term rental this year but will be using a property management company only for this year, which prohibits me from claiming bonus depreciation.
If I manage the property on my own next year (2025),...
Account Closed
Bank of America Putting the 'Short' in Short Sales?
According to a Bank of America webinar last week, BOA is changing the short sale process.
BofA is “pre-approving†short sales before they are even listed on the MLS. This is much different from the “normalâ€...
Rich Spaulding
New Member - Kennesaw, GA
Hi Everyone,
My name is Rich Spaulding and I live in beautiful Kennesaw, GA.
I've been lurking around the forums and I'm ready to start participating. BiggerPockets seems like a terrific community - fu...
Kiryl Ulanovich
Step by step process for fix and flipping
What is the order of events that I have to do as a flipper with the participation of wholesaler and hard money lender? And is what I wrote down below right or not?
1. Get Pre-Approval from Hard Money Lender.
2. Fi...
Sherry Norman
Online real estate auctions-another thing to hate about them
Well I was the high bidder on the 2 family property at 46 Harrison St. in Morristown. While the sale was still in attorney review, the attorneys for the auction house tried to impose a contract with all kinds of odd ...