Jack B.
Cash out refinance: is there a new home inspection and appraisal?
I have a primary residence I rented out for a few years after living there and have recently moved back into at least for now. I'm considering cash out refinancing while I'm still living there to get some cash out. I ...
Kathy Henley
Does the IRA need an EIN number?
When my LLC issues a K-1 to its investor, who's tax ID number is entered for the recipient? The investors SSN? The investment funds came from a self-directed IRA so the partner is not a person, but an IRA account. Yet...
Daniel L.
Imminent Demolition by Codes Dept. Loss mitigation/Loan recovery
I have a property under contract of which the adjacent lot has a dilapidated home scheduled for Dec 5 demo by codes dept. Codes chief tells me neither the homeowner nor the lender USAA I believe in this case have rea...
Joe Salimao
Is landlording as bad as they make it?
All I hear from investors anymore is how bad it is to be a landlord and how unexpected expenses come up and really hurt you and how cash flow really isn’t cash flow and you need to account for this and that…….
I...
Ian Tudor
MHP Deal Analysis - I think we have a winner.
Here is a deal that I currently have under contract. I would love to hear your thoughts. Lots - 89 lotsOccupied - 57 lotsPOH - 0 (9 will be kept under a master lease with seller and will pay lot rent)Vacant lots- 32Ut...
Erik Kubec
How to get EIN for SDIRA, issue 1099-misc for contractor?
Hello BP'ers,
This is a follow up post to an earlier related post:
http://www.biggerpockets.com/forums/51/topics/81186-1099-on-self-directed-ira-for-a-contractor
How do I obtain an EIN for an SDIRA (not an LLC)?
M...
Joel Winkelman
New Member in the Buffalo NY area
Hello Everyone,
My name is Joel Winkelman I am 21 and currently attending college part time to obtain my finance degree. I with my degree I hope to become a CFP after obtaining my certification. I want to be a fee on...
Chris George
Cash out Refi - BRRR
Hi Everyone! I am pumped to announce I have just completed my first investment acquisition in Charleston, SC. We did a week of renovation and already have it rented out. I set this property up in an LLC and am now loo...
Sam Worthy
Avoiding major mistakes on first Deal
First Post as well as first Deal. I am 25 and just obtained my real estate license. My strategy is to buy and hold properties in my area. My goal is 4 multi family properties for 2017, (however this first deal will be...
Sam T.
Anyone here ever open enough personal LOCs to fund entire deals?
I'm considering a strategy of applying for and (hopefully) opening multiple personal credit lines totaling at least $100k, and using them to fund 100% of my rental purchases & rehabs. This would be as an alternati...