Charles Andrews
457 Conversion to self-directed
Hi - I'm interested in converting a portion of my 457(b) - about $80k - into a self-directed IRA, obviously for purposes of RE investing.After that, it seems logical to form a LLC around those funds.A couple questions...
Brian Cremer
Private lending from Friends
I currently have a house I am remodeling that is being funded by a friend for the purchase price and part of the rehab amount. This friend has a lien on the property and a lien on another property that I have a large...
Ryan Murnighan
Looking for advise when I move with what to do with my equity.
My family and I are looking to move between January- April of 2025 and we bought our current house pre 2020 so we have a large chunk of money in equity, we really have 3 options on our plate. A short back story is a l...
Erica Thomas
New to BP
Hello Guys,
My name is Erica, I am an Agent licensed in several states to include GA, AL, SC, NC, VA and TN. I have REO and short sales leads with both commercial and Residential. I used to work as a closer/underwr...
Remrie Arrie
26/yo, new but experienced, offers & questions
Hi, everyone. My name is Remrie. It is nice to meet you and I expect great things to happen as a result of BP. I have chimed into the podcasts for a while and you can see on my profile that I've been a member for a de...
Frank Gade
HELP! 1st deal, guess not
My wife and I were scheduled to close on our first long term rental today, we have literally signed all the paperwork and then our title company goes to check that we have sent the closing costs to the bank to ensure ...
Micki M.
How to structure purchase of property portfolio
I'm working with a retiring landlord who wants to sell of his portfolio of properties. He's skittish about seller financing, but would consider it with 40-50% down. My plan is to keep a few that would make good flip...
Elena Z.
Townhouse as a starter home - good or bad idea for a millenial CA
Hello,I am looking to buy my first home in Los-Angeles or Orange county, which is in a state of RE bubble right now. Housing is very expensive, but one has to start somewhere. Currently renting but plan to live in CA ...
Jacob Campbell
1031 only option?
I had intended to sell about $5.3MM of rental property and simply use the profits to may off debt on other notes. However, I'm told my tax basis will be close to $2MM after depreciation recapture.
Does anyone ha...
Amina Sanders
Questions about Subject To
Hi BP!I 'm a REI newbie and have question concerning a possible "subject to" deal. My sister and her husband have gotten into some financial trouble. Almost ten years ago, my brother in law's family home was going int...