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Hi BP, I'm new to the forum, and have a question about converting a traditional 401(k) into a solo 401(k) with checkbook control to be able to invest in real estate, and what constitute as self-employment to qualify f...
Hello Everybody,I'm going to invest for the first time for my first flip in Stockton and I am trying to do a market feasibility study for the region, but I'm lacking economic and market information. I really don't tr...
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I am self employed and my past 2 years tax income is average 25K and wanted to invest in 4 unit which cost around 700K. I talk to mortgage broker and he says ;you can typically borrow 4 X’s the annual income you repor...
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I am a 22 year old graduating senior in college this upcoming May. I’m stuck between after graduating going to get my license to become an agent or to find a corporate job to help fund my future investment goals in Re...
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I am writing about this on BP because I just found out about it and there are bound to be some tax wizards on here that know about about the game theory needed to navigate our ridiculous tax code. I stumbled upon thi...
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I add Form 1084 with my presentation packet, (W-2, Proposal for Finance, etcetera) when asking for a loan. The commercial loan officers say they have never seen this included. Due to the addition of this form, they...
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I have a group 401K plan at my W-2 employer. I have an unexpected opportunity to transfer funds out of 401K plan while I'm still employed. Yeah! I'd like to transfer funds to a self directed retirement plan and in...
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Has anyone taken out their 401k to put into rental property to decrease principal and interest? Thinking about doing this.
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I am currently deployed out of the country and have been working diligently to find my first investment property (I had already planed to utilize deployment money for this very moment). I found an area, and propertie...
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I hope my subject line doesn't deter responses, but I felt it was the most appropriate. I was laid off from my job a few weeks ago and have been trying to come up with ideas about how to use this time off between jobs...