Lari A.
Newly formed LLC (Question regarding bank account)
Hello BP Community,I'm a new investor who has just formed an LLC (sole member). I haven't been able to set up a bank account for the LLC yet, and my question is this: if I purchase and assign a property under the LLC...
Jeffrey A.
Should I use a HELOC for first my first flip or find other means?
I'm new to real estate investing and Im looking to flip my first home. I have a relative that has some flipping experience (2 successful flips) kind of mentoring me along. He has used hard money as well as a line of c...
Cody L.
Cracking down on wholesalign in Texas - Abbott signs SB 2212
Thoughts?Sale of Equitable Interests in Real Estate Clarified Governor Abbott Has Signed SB 2212SB 2212 amends Chapter 1101 to codify the clarifying changes to TREC rules regarding sale of certain equitable interests ...
JJ Chojnowski
Investing within a Self Directed IRA
Self Directed IRA AccountsHi, I'm curious about the pros and cons on moving my 401k monies into a self directed IRA Account. A couple of questions.1- If I paid (for example) two four-plexes in cash from my monies wi...
Russell Buxton
Pay off mortgages or use interest as tax deduction?
I have 4 mortgages where I am paying approx. $35k per year in interest. This obviously reduces my tax burden. With other deductions, I pay no taxes at all. I have the funds to pay off these mortgages. Would it be wis...
Noel R.
Fund rehab through SDIRA?
Considering creating a self directed solo 401K for my wife and curious if there are options where I can utilize the funds for rehabbing my own REI properties? Thinking I buy cash, have her IRA loan me the rehab which ...
Ember Meadows
Lead that is 6 months behind
So I just got off the phone with someone who called on 1 of my signs. This is the scenario her house is worth 107k, but she owes 119k on it. She is 6 months behind because she lost her job. Her mortgage payment is ...
John Laney
How to Structure a hom Flipping team with Brains, Brawn and Money
Hello,
I am working on the structure for a one deal team for a single family property flip in Texas.
There are three members of the deal:
1) Brains: The guy putting the together
2) Brawn: the general contractor ...
Alejandro Vargas
BRRRR question for experience investors
BRRRR credit questionI’m planning to buy my first rental soon . Here is my dilema I am contractor with 2 years of W9 the company pays me about 10k a year but the company makes about 80k to 100k per year. ( the Remodel...
Sam Bedich
Reinvest you’re Capex money?
The money we save for Capex every month, should we reinvest that money in stocks, bonds, ETFs? I feel like the money could grow because Capex may not come into play until 4 or 5 years down the road.