Carlo D.
How to set aside Reserves
Hello Folks!Got a newbie question. I recently closed on my first rental apartment here in NY. The seller is renting it back from me for the first year at least. My question is do you have a separate account where you...
James Zachary
Rolling over an old 401K into real estate
Does anybody have any advice on rolling over a 401K into long term real estate investments from a previous employer? I heard that it can be done but I’m having a tough time finding information about it on the interweb...
Jess White
Turns out, the 401k is not a scam.
Something I used to believe whole heartedly, several years ago was that the 401k is a scam. Tons of books on Real Estate preach that to the masses, which can unfortunately be terrible advice for those in the middle. B...
Diane Johnson
Deceased, no heir.
I found a property that the owner is actually deceased and have been for the last three years and no one knows. City records have him still living in the house. He has a son in the military and his son does not want ...
Shannon Carter
Family funding w/ private money
Hello Bp,
I would like some feedback on this creative financing I am trying to do.
I have done 2 successful flips and also have one 1 buy and hold.
Now that I have a little skin in the game I’d like to ask my dad ...
Julio Gonzalez
Why Small Business Owners Need to Adopt a “Tax First” Mindset
The tax code can seem daunting, and navigating it is a scary undertaking for small business owners and entrepreneurs across the country. As we know from firsthand experience, many small business owners pour their bloo...
Bill Mitchell
How to spend money you EARN in an LLC
I am gearing up to set up an entity in the form of an LLC. My question is, when you earn money that is made payable to your LLC, how do you spend it?
You can't commingle funds, so how do you spend the money y...
Ducote Kiernan
I don’t want to take any profit.
I have a few rentals and I owe what I consider a great deal of money on them. I have a good job and don’t need the money honestly and the property’s pay for them selves. I make a few hundred a month off then and I jus...
Marquis Harris
Should I cancel my 401k?
Hello Everyone,Im not sure if this is a stupid question to ask, but I am generally curious about the subject and would like to know what is the best step to take. Should I cancel my 401k?To give you a little backgroun...
Samuel DeMass
Capital Gains - Simplified
Hey BP,I'm having a hard time visualizing the taxable capital gains on the backside of owning a property.Here's an example to help simplify my question:What gets taxed when you sell a property?Lets assume the property...