John Paul
Retirement Savings options for Non 401K employees
Our current employer does not offer 401K. Started to invest on Roth IRA from past 5 years. The max is only 5.5K yearly contributions we can as per IRS limits. But some of my friends who work has 401K offered by thei...
Ryan Moore
Switched Insurer, they jacked up premium after inspection
I changed my MF's insurance to another company, who quoted a better premium than what my previous insurer was going to be at. Now after inspection, they raised the premium almost 25%. The only notes I see on the pro...
Jonathan Brown
Disciplines of a real estate investor
hey bp!I am beginner investor, I just got a house under contract waiting to close on it. I have great ambition to acquire a large rental portfolio. I am very ambitious about the pursuit, always reading, driving for do...
Jean-Paul E. Gagnon
Refinance My FHA Loan to Obtain Another FHA Loan?
Hi folks,I just moved into a duplex as a house hack in February. The plan was to live here for the required two years, then obtain another FHA loan and move into my next duplex. I just got cold-called from Quicken, ...
Obed H. Bey
Is it recommended to move 401k money to an LLC to finance deals?
A friend of mine was advised to move 401k to an LLC to finance his business and there was a way to do it without being heavily penalized. Is anyone familiar with this method?
Melissa Chinn
Tax rules for PARTIAL 1031
I currently have $830K being held by a QI at API in California.
PROPERTY SOLD
Farmland, no loans or leans.
Sold for $830K
Cash Basis is $200K
CASH OUT
$250K for paper investments
$20K to pay off debt
LIKE-KIND PURC...
Kyle Marsh
Can you withdraw an offer once it has been accepted
What ways can you withdraw an offer once it has been accepted with minimum penalities? I am just curious if I got an offer accepted, and I later realized that for some reason I am no longer interested in the property,...
Lloyd Lau
Foreign investor in Canada, looking for creative financing idea
Hey guysSo this is will be my first post here. My situation is a little bit special, as currently i own two rental properties (fourplex) in Canada,and had 35% down payment on both, but because of my status here as an ...
Eric Upchurch
CA Usury Apply for OOS Investment?
Hey everyone. I have a question about a deal I'm considering.I live in CA and want to lend money to a rehabber out of state (MD). If I invested, say $100K at 15% for 6 months, with promissory note, will I be penalized...
Thu Pham
Purchasing an existing Airbnb with future bookings
Hi all! I am going into escrow for my first STR purchase (yay!) that is an existing Airbnb with future bookings into the year already. Ideally, I would prefer to capture their existing bookings after closing, by direc...