Hello BP, I am saving money for my first investment property and would like to hear recommendations as to where this money should be stored until ready for use? I had the idea of saving the money in an ETF that tracks...
Hi, friends.Do you keep capital and reserves in a savings account? In mutual funds? Obviously reserves and capital need to be in a liquid vehicle, but do you really keep $10K, $50K, $100K+ in an account earning nearly...
I am trying to decide if to use self directed IRA or cash to invest in a syndication project. Is there any advantages such as tax savings, depreciation for using Cash? I understand that using IRA it could be subject t...
Hello!
I'm doing my research on areas and going to begin researching to put together a team, but first I wanted to ask is there a certain amount of money you would say you need to have stashed away in savings befor...
I have a decision to make and I am not sure what my best option is. I would like the opinion of others here on what they would do if they where in my situation. Here are the factors to the equation.1. I own a house ...
Looking for some insight on a situation and first time on here posting (still exploring and trying to filter through everything) so any advice is greatly appreciated. "Hypothetical" Situation...Person owns a house (t...
Hello! I am currently looking to take my first step at being a REI. My goal is to purchase cash flow properties (based off BP podcasts) that creates enough income, that'll allow me to leave my current job, within 3 ye...
Hello, I am interested in getting into real estate and I am looking for my first property to purchase. I am 23 and graduated from college last year and have a decent savings for using an FHA loan to get started and I ...
Quick Question: I have a duplex that i have been renting out for the last 2 years. Purchased in 2003 for $90k (more than market value). I lived in one until until 2016 and I refinanced in 2014 to 15 yrs at 3.75% inter...
Well, not entirely, but you can shield more of it.
I'm going to use a very round and specific example to demonstrate this concept. Check my understanding of the tax law on this.
Let's say you make x a year. You ...