Hi BP Family,I am kicking around the idea of drawing $20-25k from my 401k to buy down one of my loans on a duplex and refinance. I purchased the property on an FHA two years ago. Although it is possible that my apprai...
Scott Trench states in the conclusion of Chapter 9 that it is "inefficient and dangerous" to attempt high earnings if an investor possesses less than $100,000 ready-to-invest dollars. He goes on to say that it would b...
I was wondering it there is a type of account I can put the money I set aside for repairs in that would shield it from taxes? I have heard about escrow accounts but they seem to have a limit to the amount that I can p...
I was wondering, for those who are or have used private lending, what interest rates are?I have friends and family who are interested in helping fund some investments, but I'm unsure of what interest rates everyone gi...
I took a contract job a month ago in Phoenix where I organized as a 1099 contractor for tax benefit. Now lenders won't give me a loan. I am in the same industry and could switch back to W2 for a big hit in income. I w...
One of the most common questions that we get asked is, “If I were to invest $50,000 with you today, what kinds of returns should I expect?”
We get it. You want to know how hard real estate syndications can make your ...
Hi there, I am seriously considering buying an investment property in Michigan north east of Detroit. I am wondering if I put the cash flow from the investment property into my children's MESP 529 account can I reduce...
If you think about your career and your journey to build wealth over a long time horizon, this is still the strategy that I like most:
1. Start a business that produces cashflow.
2. Use your personal cashflow to buy...
I own an insurance agency and over the last 13 months I have bought, rehabbed, and rented 5 SFR’s... I actively manage the properties and I run them like a business. I meet/screen prospective tenants, I cut grass, pai...
I borrowed cash from my canadian corp to buy rentals all cash in the florida market. I will wright up a loan to myself from the corp to an interest rate that will completely offset any tax owing at years end from the ...