Hello,
I'm Starting A Real Estate Business With A Friend, And It Will Be Member Managed. The Entire Business Will Be Rental Incomes. I Know That This Type Of Income Is Not Subject To Fica. Can We Avoid Fic...
What have you done to make the most of your retirement accounts (401k, IRA, 403B, ESA, etc.)? I recently converted an old 401k that wasn’t doing much for me into a self direct individual retirement account (commonly r...
Hello Everyone,After doing some research, I've learned that an individual is allowed to take out a maximum of $10,000 from your Self Directed IRA to purchase your first home without any penalties. Of course this would...
Private money lending is extremely common. Do you actually 1099 your private money lender, or just let it slide since it's friends/family and likely a lower than market interest rate?
Hello BiggerPockets Community!
I hope this message finds you well. I'm currently exploring the possibility of applying for an FHA loan and had a couple of questions, and I'm eager to tap into the collective wisdom ...
So I have received applications from two tenants who meet all requirements. More than 3x income, no evictions, and clean records. I also called employers to check on their employment status. The only thing is they ...
Are there any tax advantages to house flipping like depreciation? Are the profits tax free? I want to get into multifamily rentals. Someone recommended flipping houses to raise capital to purchase the rental propertie...
Hi guys,
i'm looking for an advise in how to remove money from my 401k in order to invest in a property. it is possible to remove money with out getting hit with fees? if i have an LLC can i transfer the money to the...
I have an investment property which I bought almost a year ago for $365k, $271k on a 30 year fixed mortgage owed. Moderate rehabs with comps nearby selling in the mid $500k range. Monthly 1 year rental history is $4...
I'm closing on my second multi-family property in a couple weeks and am curious what ways others have increased the cash flow on apartment complexes. I've heard ideas such as adding storage space, renting furnished a...