Joseph A Berrios
CPA advice
I know at this point I need a CPA. I'm seeking advice what to do after my flips to remain on uncle SAMs good side without killing my liquidity. All advice is appreciated , I'm sure there are many members in my same bo...
Danae Meurer
Accounting for seller concessions
How does one account for seller concessions from the HUD-1? Is that amount subtracted from the basis, or is that money allocated proportionally to each item in the closing costs it covered?Also, if there is a Lender ...
Oneil Guntner
Roth 401K Match versus save up cash at a more rapid pace
I have been contributing to a Roth 401k at work. In order to get the full match I put in 6% to get a 4% match. It has built up to almost $9,000. I read Scott Trench's Set for Life for the second time the other day and...
Ben Ryder
Making up to 7 figures next year (20s)
Not going into detail but I am going to be making as much as 7 figures next year and the following years will be 7 figure minimum. Eventually multiple 7 figures which is very possible my company. I want to play this o...
Nathan Christensen
My Cleveland REI Plan
Hello Biggerpockets,I wanted to share my plan for jumping into real estate to get some feedback while I’m still early in my planning phase. My longtime girlfriend (25) and I (23) are planning to move to Cleveland at t...
Barry Petty
FHA Loan Approval
Ok I just got pre-approved for an FHA loan. Didn't quite go as I planned but did get some good news. I actually got approved for a tad more than I had expected. Here's the problem though. I had researched loans and re...
Bradley Jernigan
How I financed my multi-family properties
Financing a multi-family property typically involves several steps:
1. Down payment: Ensure you have 20-30% of the purchase price for a down payment. Most conventional loans will require you to bring around 25% of th...
Account Closed
I got pre-approved for a loan today!
I talked to a mortgage lender in my area, and after a few minutes of talking he was clearly excited about my situation! This got me really excited too, and he told me that I am formally pre-approved for a loan! I am t...
Jonn Vidal
Seller won't disclose replacement cost! Any way to find out?
Seller bought house decade ago. House burned down recently fully; lot cleared.Is asking round same price now for just the lot, says insurance reimbursed for replacement, but hasn't answered how much was the replaceme...
Josh D.
Short Sale with IRS Tax Lien
Does anyone know what the IRS's standards are for releasing tax liens on properties that are underwater?
I've got an approval on a property at $605K that appraises at $830K. The outstanding first mortgage is over $1...