Andrew W Calhoun
House Hacking Alternative Strategy Advice
Greetings BP Community,The good news - I'm sold on all the benefits of House Hacking and am going all in. The bad news - the medium-sized Southern city I am looking to purchase my house hack in has very limited optio...
Jean-Marie Poth
Financing my son's first house purchase
I am looking for advice on how to help my son get into his first house hack. There is a two family unit that he can make payments on, but at 18 cannot get approved for a loan. Has anyone done some creative financing...
Justin Hroch
Potential Taxes on Seller Financing
Hi,I have an opportunity to purchase a few duplexes via seller financing. I am in the process of conversations with the seller and I want to show them some of the benefits of an arrangement like this. My question is c...
Mikal Morton
College student looking for advice
Hey guys, I am currently a sophomore in college and have a brother in grad school. We both plan on going to grad school in Boston and are torn between the decision of potentially buying a 3 bedroom condo in Boston and...
Joe Boggin
Rentals and write offs
I make 50k a year and my wife's makes almost 140k. Besides our primary home we don't have much to write off and we are getting murdered every year with taxes. We were going to get a couple rentals just for the writ...
Shawn M.
Rent or Sell?
Mom owns a condo but due to health issues can no longer go up and down stairs (condo is on second floor). We are looking to rent a ground floor apartment for her near us. As for her condo we are debating on whethe...
Nathan Yarnell
Agent said not to worry about cash flow and consider tax benef
So I recently was sent 2 possible duplexes to purchase from an agent I trust. I ran the numbers using the basis Brandon lined out, and the properties comes out to a negative monthly cash flow by about $175 per propert...
John Casmon
Need 401K transfer to SDIRA Tips
My previous employer was forced to close shop and I was just told that they are going to send me my 401K funds. I've decided I want to use these funds to invest in real estate (I have a separate IRA from previous 401k...
Richard Warren
Money Merge Account?
Has anyone come across the Money Merge Account (MMA), which is being marketed by United First Financial?
The idea is to use a HELOC to prepay your first mortgage by timing additional payments. It is supposed to be be...
Shelby Willitts
Has anyone used a self-directed IRA?
I am thinking of transferring funds from my Simple IRA to a self-directed real estate IRA. Wondering if anyone has done this and how difficult is it?