Mike Schultz
Creative Financing Help
Hey everyone! I'm looking for some advice in regards to a property I recently found. The property is listed for $137,000 and I would be purchasing it as an investment property. So, 30% or so down payment. I don't have...
Michael Dunn
Do most Lenders frown upon...
a buyer, getting a Loan for the sole purpose of purchasing a property in order to turn right around and Flip it, in 3 - 4 months ( after the minimum 90-days has passed ) ?
If I'm looking to get into the Flipp...
David B.
Depreciation to wipe out taxes from early IRA distribution?
Let's say i take an early distribution from my IRA, and buy a rental property.Can I use the new accelerated depreciation to wipe out the taxes that I have to pay on this distribution?
Tyler Harrel
401k Withdrawal Tax Question
Good Evening All,
Looking to gain some insight on the Florida Tax requirements for 401k early withdrawal, such as how much will get taxed from the withdrawal and if that taxed money has to be paid up front.
Anyt...
Jesse Carter
Current DSCR rates
Just got a DSCR rate quote from one of my lenders and it came out at 8.5% with no pre-payment penalty. Seems a little high from what I thought it would be.Anybody get one recently and can tell me if this is a competit...
Michael Plaks
August is a wrong time to be looking for CPAs
Somehow, 6 out of the 10 most recent posts on this forum today are all looking for CPAs.
Now. In August.Guys, this is like looking for a caterer on Thanksgiving or looking for a beach AirBnB the week before Spring...
Bill Brady
Not CAN, but SHOULD I use my 401K?
I've tried to find the answer to this question over the past few days and have been unsuccessful. Everywhere I've read, including on BP, it's a "YES!!!...you CAN use your 401k to invest in RE" (rollover SEP-IRA, borr...
Kaaren Hall
Changes in the SDIRA and Solo 401(k) World
Over the past five years, significant changes have occurred in the realm of self-directed IRAs (SDIRAs) and Solo 401(k) accounts, particularly following the introduction of the SECURE Act 2.0 in 2022. Consequently, he...
Kim Hopkins
About to Lose a Killer Deal to Sell Our Building B/C Tenant
Hello All! I'm hoping someone has a miracle idea because we are all out of ideas on our end! Situation: - Killer opportunity to sell one of our warehouses in Portland, OR. - No debt on property. - Tenant is wood worke...
Ed Walker
Purchasing a home with an IRA investment Account
Good Day BP,I am looking to get a bit of advice to assist my client the best way possible. I am a realtor here in VA and I have a client that is currently living in NY that is working on purchasing a home down here to...