Rick Eicon
Buying RE with self directed IRA
Has anyone looked at buying RE via a self directed IRA vs cashing out the IRA, paying the penalty and putting funds into a business account and having full control of funds Immediately?
Andri Artayudianto
Why do landlords pay water bills?
Why do landlord like to pay water bill instead of letting tenants pay?If you have 20 units or 20 SFH you have 20 different due dates to remember, 20 times pulling out your credit card every single month. How do people...
Victoria S.
Good CoC but possibly inheriting bad tenants
Guys I need some advice. I am under contract for a 4plex. CoC (taking into account vacancy/cap ex and maintenance) is 16%. It is a class B or C. Schools are 9 and 10s. One out of the 4 units is being renovated and we...
Daniel E.
Note Investor Taxes / CPA - Non-performing specifically..
I imagine there are some very specific tax strategies for non-performing note investors. For example, if you purchase a $500k legal balance (unpaid principal + accrued interest/fees) for $200k, then rehab and sell the...
Antonio Jimenez
first steps as a 17 year old newbie with nothing
So I am currently 17, getting my emt and starting up a party rental business for the weekend. i only have 3k saved up but was wondering how much i should i have to buy my first rental property. I am thinking of gettin...
Scott T.
The Legality of REIs Paying a Finders Fee to a Realtor, etc. ???
Hello BPers,I recently met with an experienced realtor who worked for a larger RE brokerage in Arizona that after a decade or more experience remains under the impression that a (non- licensed) investor cannot pay a r...
Lance Clifford
Who sets the auction price?
Ok, so according to this site, the foreclosing lender sets the price:
"At auction, an opening bid on the property is set by the foreclosing lender. This opening bid is usually equal to the outstanding loan balance, i...
Michael O.
What to do with liquid cash?
Hey bigger pockets family, newbie here. I’m curious about how most of you keep your liquid cash. High interest savings/checking account? Money market account? The reason I’m asking is because I’m about to inherit abou...
Ramek Llah
Month To Month Or Lease Agreements?
Which legal binding contract do you feel more comfortable with? My advisor recommends month to month for the simple fact, the process of eviction is quicker. But, I personally would rather a year lease due to stabilit...
Ben Cochran
First time landlord
Hi all,I am a first time landlord, here in Colorado. I just closed on my first duplex and I am moving into one side.The opposite side has tenants with a one year lease. During closing, the previous property manager me...