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Question fellow investors... I’m in the Texas market. I’m placing my personal home for sell and downsizing as a empty nester. Plan to also leave my job and transfer my 401k to a self direct IRA. My question.. 1. I hav...
Purchase price $600k
Rehab: $100k
Sale price $800k
Gain: $100K
Is it possible to take the $100k Gain & buy a $100K property cash w/ 1031 exchange?
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So I was listening to a podcast yesterday and I heard someone mention that when you borrow for loans in excess of 4 mortgages, lenders require 6 months cash reserves for the sum of all mortgage payments. They went on...
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I am interested in acquiring a rental property for some additional income now and for the future. I am 50, so I don’t have a lot of time or ability to save up for a down payment. I have a small 401k and I have the opp...
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Best ways to collect rent from tenants. Looking at acquiring several apartments and will need a way to collect vs requiring everyone to have certified funds or checks.
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First time poster here looking for a little help with some management systems.... I apologize if this is common knowledge. I am looking for a service to process rental payments for 22 units. I now have 11 duplexes a...
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We acquired our first duplex, and are looking for advice on the best type of checking account(s)/banks to manage the income and expenses.
We have a property manager (since our duplex is out of state) that will also...
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So I'm trying to decide whether it's more efficient to invest in a traditional IRA or Roth IRA. I'm planning on retiring before retirement age, so I was leaning towards the traditional and then do a Roth conversion la...
Hi, I'm new to real estate investing. I was wondering if I form an LLC to use for making investments, could I deduct the purchase of real estate from my regular income? For instance, let's say I make $200,000 a year f...