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I have a self-directed IRA with about $120,000 in it. Unfortunately I also have about 110-130 thousand dollars worth of unsecured debt via credit cards. Just wondering what the tax implications would be if I use the w...
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Hello, I am proud to say that I am the newest member to the BP family! I live in Bay Village, Ohio, which is a western suburb of Cleveland. I have a stable corporate job, but have always had the entrepreneurial dri...
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*The economy gained 431K jobs in March, close to the 475K that had been expected. The Unemployment Rate fell from 3.8% to 3.6%, the lowest level since early 2020.*Incomes are rising, which is always good for real esta...
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I have about 3 to 5k saved up currently. I want to save up a total of 10k so i can house hack my first multi family. With my current job, and expenses it would take me about 10 months to a year for me to have that 1...
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Purchase an rental property in 2006 and the bank Foreclosed in 2014. The Bank send a 1099 for the charge off for this Tax year. How do I avoid Minimize my Tax Liability????
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I made that huge leap and passed my exam several weeks ago. Given that I've finally contracted with a broker, you will most likely see a very different profile (if not see this profile become dormant) very soon.If you...
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Hey whats going on BP! Iam a 24 y/o homeowner have i have 10k debt which from my understanding is pretty low these days. My goal was to buy my house this year DONE DEAL.Now my goal is to reduce personal debt. What was...
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Hello BP, I'm Malik a 25 year old prospective investor in the Houston area. I've been reading and doing research on REI for the past couple months, and I'm excited to get my feet wet in the real estate industry, pa...
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Morning Bp familyI am a real estate investor in Massachusetts approaching my 1st year of taking action. To be honest, I was trapped in Analysis paralysis mode for awhile. The main strategy I've been focusing on is w...
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If a homeowner is in foreclosure and they file for bankruptcy will their mortgage debt get wiped out?
What happens if I go but the house from them. Will they still owe the bank money and all back interest and fees....