Hello,I recently purchased a rental property (my 1st) about 3 months ago. I was able to rent it out immediately within 1 week after the purchase. I paid for it in cash and will be doing a refinance of the property to...
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 ...
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...
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...
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...
I was awarded a judgement and I don't expect to be paid. I called my bank to see what institution the check I wrote cleared with and they told me it was cashed at my bank. Does anyone have experience with collecting a...
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...
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...
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...
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...