Hi BPer,For those with self directed IRA experience, can you explain what is the UDFI (Unrelated Debt Financed Income Tax) impact on real estate investment using self directed IRA?Thanks,-Chan-
Do you qualify a prospective tenants application first; job, income, references then have them pay for a credit report, background check, etc.? For example, have my potential tenant pay application fee, I do my due...
Hi guys!I am in the process of making sure I have all the correct forms and such to get ready for rental home purchases and tenants. 1. What is the easiest best way to screen / check credit reports for tenants? 2. Wha...
Hey BP Family. I'm looking for some advice from some investors who deal with High Property Taxes. I'm a self employed carpenter who, After 12 years out west (CO,CA,WA,OR) have decided to move back to New England where...
I have been doing a lot of research and found that the smartest way to build wealth with my money is to invest in Real Estate. So I am pursuing my License and looking to network with other investors to flip some house...
Hello, I've been reading a few books about real estate investing and I ran into using your current 401k and turning it into a "Real Estate IRA" to purchase investment property. Has anyone else heard of this?
Hello,I'm looking to purchase a property to live in and want some advice on if getting a conventional loan is possible. I have 2 years of tax returns increasing from 60k to 160k from 2020 to 2021. This year it will be...
Hello BP'ers,I've been over and over the forums reading the 401K loan threads as much as possible, and see the point people are making when they mention that you are paying it back with post-tax dollars. However, if y...
Need advice on Business entity. Me and my wife are both W2 employees but we have an option to have my wife be a 1099 Contractor for the school she works for. I am reading and trying to determine some benefits of the S...
Good day community. I am seeking help o understand how to set up small business structure for rental property investment. My goal is to have one parent company which will have multiple llc for different properties pr...