Alan Lafontaine
What to do with 401k
Hi BP Universe! I'm in my mid-50's and just starting out. I have a small 401k of around $20k. At this point in my life, I see little opportunity for big growth in that plan. My question is, would it be wise to close...
Arthur R. van der Vant
5 Tips for Effectively Managing Rental Properties
Are you tired of struggling to keep your rental properties occupied and generating income? As a property owner, it's your responsibility to ensure that your properties are well-maintained, attract high-quality tenants...
Tin Nacaj
Taxes After Multiple 1031 Exchanges
If you do 1031 exchange multiple times, do you pay taxes on the profit of only the last sold property or do you have to pay taxes on the total potential profits of all properties. For example, if I buy property #1 for...
Sean Harris
Pulling out 401k money for investing
During this whole Covid19 epidemic my 401k investment firm is offering that they will waive the early 15% penalty to pull out up to 100k with no payback. I know there will be taxes due in doing so but I have never see...
Jason Avila
Thrift savings plan loan
I am coming up 20 years in the Army. Preparing to retire. Have paid down all debt except 3 mortgages and one vehicle. The plan was to retire debt free with exception of the vehicle. With the current COVID pandemic, T...
Michael Batshon
1031 turning into a primary residence
Hi there,I currently own a 1 bedroom condo in the bay area and i am renting it out. The condo is worth about 820k and i want to sell it to buy a single family house about 20 miles away. I paid 560k for the condo in 20...
Alex Grier
Flipping as a Realtor or Investor
Guy's I'm in class currently to get my realtors license. However, I'm starting to have second thoughts on the benefits to this as an investor; specifically a flipper. The primary reasons I wanted my license was to get...
Alex Penalva
Basic question regarding 1031 in NJ.
Hi guys,
So I am new at investing, but I’ve been reading and listening to podcasts on the topics of rentals, and flipping.
This question is in regards to the 1031 exchange, can I use the 1031 to sell property in on...
Tyler M.
Non-US Citizen Credit & Background Screening w/o SSN
Question #1: A non-US citizen is interested in renting my property. To run a credit and background check on SmartMove (BiggerPocket recommended), the applicant must provide a social security number. How do I perform a...
Andrew Angerer
BRRRR simple explanation.
New people, If any of you are having problems understanding the BRRRR method, I found this super simple explanation for it. It has helped me out a ton, hopefully it helps you too. Please explain like I'm stupid (becau...