Colleen Carnahan
Shifting from hobby to business
Hello, my husband and I are fairly novice investors who are working towards being more professionally involved. We have one investment property that we got into as a primary residence and then turned into a rental lat...
Will F.
Looking for a Strategic Real Estate Accountant and Bookkeeper
Does anyone have recommendations on local Los Angeles/ Orange County accountant that can both help with booksProperty management S Corp.Sole proprietor and some partnerships on different propertiesI use Buildium softw...
Kaaren Hall
Invested in a House with Your SDIRA? Remember to Keep a Cash Reserve.
After you have invested using your self-directed account, you might wonder about the next steps to take. Importantly, it's crucial to be aware that a lack of available cash in your Self-Directed account can expose you...
Account Closed
Wholesaling
Say I find a house to put under contract- do I need to show proof of funds even if I'm not going to be the one actually purchasing it? Also, what happens if I can't find a buyer by closing time? What kind of clause do...
Jeffrey Mcintyre
LLC's and Self-directed IRA's
Good afternoon BP members,Question:I found an opportunity to invest in a Real Estate property. However I would like to do this via a Self-Directed IRA account.Would I need to create a separate LLC for the Self-Directe...
Angela Toy
IRA /401k /SOLO401k/self directed?
My husband is leaving his old job so we’re looking to rollover his retirement. Our CPA mentioned moving it to a Solo401k and using that money to buy properties (he has an LLC aside from his W-2 job). When I mentioned ...
Tyler Condon
Best ways to Vet Property Manager
I'm looking to find my first property manager and I wondered what obvious red flags to look out for. If there are any scams people have experienced or anything that I must have in the contract before starting.
Cory Gardner
Chicago Action Investors 5/7/16
Hello BiggerPockets members!!!So many people are taking action, we've got several projects underway and everyone knows the MLS is drying up so we're exploring some additional strategies to fill up that pipeline.If you...
Dave Godfrey
1 of 3 tenants wants out of his lease and asked about his security deposit
Hi guys. I have a group of three young professionals living in a property. I have a ten page plain-language lease that states the lease will renew for another year if the proper notice has not been given. I received...
Glenn N.
Taxes with hard money lenders
How do hard money lenders that do not put them selves out to the public and lend only to 3 individuals I know that have LLC's. You pay federal taxes , how about local taxes ? The llc's are in Florida but I live In Tex...