Robert Gailie
1031 exchange or tax deferring?
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...
Frank M.
Self Directed IRA Tax reporting?
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...
Ryan G.
Renter has money but won't pay - Cash for keys / eviction advice
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...
Andrej Petrovski
From 1 Flip to a $3M Property my 3rd Year In !!!
I would've never imagined that in my third year into real estate investing that I would have been involved in purchasing a $1.4M commercial property. A quick transition from just flipping one SFR in 2016. The bigger...
Mena Soliman
How to compete with cash offers in hot market?
would you use hard money over conventional to have an advantage when competing in a hot market? I am certainly preapproved and have no issues with going with the traditional route. but with the market being very hot ...
Guillermo M.
Two partners, One LLC, How to protect one each other
I'm forming an LLC with a friend in Michigan. I will put the 85% of the money, he will put the rest (15%). I will remain as a hands of investor and he will manage and buy the properties (he will earn an extra 50$/hous...
May Muuse
Auction.com - earnest money - buyer premium 5%
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...
Sam Valme
How to unlock a HELOC
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...
Alan K Auman
Using a 401k loan to buy sfh rental property outright,then doing a refi to pay off 401k laon. Anybody have experience with this strategy?
I want to buy a sfh rental using my 401k. Essentially I want to be my own private lender by loaning myself funds out of my 401k to buy the property free and clear and then do a refi 6 or so months down the road in ord...
Account Closed
Can I reject an applicants request to withdraw their withdrawal?
Lol no this is not a riddle. I actually had an applicant that was going through the screening process with the HOA of my community request to withdraw the lease agreement. The applicant did not want to wait any long...