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...
Hey everyone I'm a newbie wholesaler from Maryland. Question, would you advise employing a company to send out mailers to potential motivated sellers for you? I curated my list through my county's Tax Sale list.
Look...
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...
In J Scott's book he says he wants at minimum 10% ARV in profit for a flip. Is this pre-tax or post-tax? For example, let's say you're paying 40% taxes on all profits due to being in the 24% tax bracket and having to ...