Ben C.
S Corp Limitations?
The main benefit everyone's raves about, in regards to using an S Corp to flip properties, is being able to funnel some of the profits as "distributions" and limit self employment taxes.
However, in my situation my ...
Michael Fink
Found a great deal! But....
I have come across a pretty good portfolio (56 units) deal. I have done my due diligence and gathered all the necessary numbers, ran it through the calculator offering full asking price and with no debt service incl...
Jessica Sudyn
Starting out/ House Hacking
Hello BP Community,First time poster here looking to get started in my REI journey. My fiancé and I are currently renting, and figure house hacking would be the best way to get started since we are also looking to mov...
Christopher Dorsey
Should I do this Subject to deal?
Hi BP - just looking for some assistance as I continue my REI journey. I have a Sub - 2 deal lined up and the homeowner is very interested. Here's the situation...1. ARV is $155k - (Needs a new roof in a couple of yea...
Brian Schroeder
investing out of state????????
I've been told that it's not a good idea to in vest in a property that is more then a hour away, which makes since.
How can people invest in real estate 1000's of miles away? I know it is easy,if you put together ...
Stuart Johnson
Advice For A New Investor With 30K
Hey all, living in Charlotte, NC and have been listening to BP for a few years now and am eager to make a leap. The market has been red hot since I have moved here with little chance of things slowing down any time so...
Bernadeau C.
Problem financing duplex that is listed as 2 townhomes by county
Hello,
I have a duplex under contract at the moment but I just found out the county has it listed as two townhomes on the appraiser website and my lender just told me that he cannot give me one loan for the property ...
Sean Vanderveer
SDIRA vs Solo401k - Multiple Q's
We own multiple commercial properties in our downtown (Series LLC in TX) and have several under contract. We are looking to roll over our traditional IRAs to make the purchase w/ a non-recourse loan. I have read every...
Charles Thompson
Husband & Wife 401(k) Rollover Options
I'll make this short and to the point...The wife and I have two 401(k) accounts (one for each of us) from a previous employer totaling roughly 62k. We'd like to combine our 401(k)s into (hopefully one) self-directed f...
Mark Anderson
Disputing Notice of Appraised Value For Property Tax
Hi all, I just received my notice of appraised value for my rental property & had a few questions in regards to the process. I have been reading up & have confirmed that the information in regards to the prope...