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I plan to purchase & hold my next investment property. I will apply for a loan that requires 20% down. At the same time I would like to apply for HELOC on primary residence to pay for that down-payment. Will that ...
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Hello all! I am going to sign contracts on my first flip on tuesday. We did well and made big profits and the experience was incredible. Now I want to avoid paying taxes if possible. Do any of you more experienced fli...
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Good morning everyone,I have a question regarding section 179 and if I would be able to deduct certain expenses against my income. My question is whether or not I can expense the full amount of my purchases against my...
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For my current rental property, I file a Schedule E each year. And I have to track all expenses and income to do so.
Once I set up and fund an SDIRA via transfer from a regular IRA, what are the reporting req...
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My renter's wife contacted me early to let me know they were going to be late with the rent payment. I understood, and just advised the $5 per day late fee(I'm very fair and understanding). The 10th comes around and I...
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I would've never imagined that in my third year into real estate investing that I would have been involved in purchasing a $1.4M commercial property. A quick transition from just flipping one SFR in 2016. The bigger...
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Hello BP Team! We were planning on purchasing our first rental in Feb of next year. Instead we are thinking about requesting the current owner open a HELOC on the home. They current have about ~275k in equity. We coul...
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would you use hard money over conventional to have an advantage when competing in a hot market? I am certainly preapproved and have no issues with going with the traditional route. but with the market being very hot ...
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I'm forming an LLC with a friend in Michigan. I will put the 85% of the money, he will put the rest (15%). I will remain as a hands of investor and he will manage and buy the properties (he will earn an extra 50$/hous...
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Hi, I’m about to bid on auction.com. When I registered, there is buyer 5% premium or $2500. When is this amount due? Is the 5% premium earnest deposit? If not how much is the earnest deposit typically? I also saw $250...