Shonari Wynter
Buying a house in my name vs starting an LLC
Hello BP,I have been actively trying to find my first property for buy and hold. However, there are so many things that can go wrong and that makes me wonder if I should get a LLC before doing any kind of REI or shoul...
Sarah Vaught
How to use my self-directed SEP
How can I use my self-directed SEP and personal IRA to invest? My accountant told me I could use it but would need to replace within 60 days to avoid taxes and penalties. Any advice would be helpful. Thanks! 😊
Elvis Vasquez
700k Lien - Code enforcement Miami
Have any of you ever purchased a property that's clearly burdened with a single lien greater than 100k?From my research you basically appear in front of a code enforcement hearing board and pray they accept to decreas...
Walter Mosley
Expat Rental Chaos!!
Please be patient with me. First time on the board, I was googling things looking for answers and the forum kept appearing over and over. Decided I needed to jump in here and learn some things. Happy to be here! My sc...
Ricardo R Barrera
Need some guidance on my first multi-family
I need some insight before making a full commitment to this plan. I want 2 4plex’s that are being built. One will be done a year before the 2nd. Start with a Conventional owner occupied 20% down then do a VA loan for ...
Account Closed
How can I remove a co borrower from mortgage
I will be BRRRR a property soon. When I refinance I plan to add a co borrower to the loan because my DTI ratio is too high to qualify on my own. My question is how can I remove the co borrower from the loan in the ...
Stephen Kozlowski
House selling tax strategy
Didn't know if any of you could help me out with this scenario / example:Person A purchases a home in year "X" and this person sells the house for a profit (say 25k) after owning it for 11 months (<1 year = capital...
Account Closed
Yellow letters
Do yellow letters work only if someone plans to profit from a property in the short term OR can they be used for gain profit in the long run? Am brand new to this. Many thanks.
Bruce Scannell
Has anyone used IRA Resources Inc in San Diego for their SDIRA?
I am looking to set up a self directed IRA, and I've done quite a bit of reading on bigger pockets about it. I understand their is some risk, but I do like the additional investment options. I am trying to find a repu...
Kevin Kaczmarek
Solo 401k
I posed this question in one of the groups, and wanted to get insight from the BP community as a whole to see what experiences people have had investing with a Solo 401k. Being able to contribute $46,000 to a retireme...