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Hello I hear their are unsecured loans I can acquire via my income history I believe they give you an income of 20% of the loan now can I pay into the debt replacing pre existing gray space the remaining 80% or will i...
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I'm working on getting a cash out refinance on a Rental property. I feel that the lender is asking for a lot irrelevant documentation. I have a small printing business, C-Corp not related to the rental property. I pay...
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Investment Info:
Condo buy & hold investment in Phillips Ranch.
Purchase price: $380,000
Cash invested: $19,648
Sale price: $485,000
Not really a portfolio investment as it currently my perso...
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BP Community,I love the fact that everyone here on BP knows that it's not about just making more money/cashflow/appreciation, but saving/cutting costs/increasing efficiencies really help your bottom line. It also help...
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Hello everyone,So if you go to my main page your will see that I invested in 3 properties the same year. This situation started in 2018 and I was all over the place. Then my husband wanted to buy a gas station and ma...
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Happy Monday everyone,I was listening to the BP money podcast and learned about the individual or solo 401k option. I have a W2 job with a 401k plan and rentals as my side business. I contribute ~$15k and my company...
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I am an investor who is in a higher tax bracket. I am working with a tax attorney who is advising me to form a C corp. I can do my flips and wholesales through the C corp and lower my effective tax rate. I know ...
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I have a question about partnerships. I am ready to go into a partnership for my second investment property (first was on my own) and am writing up a proposal. This will be a multi-unit rental investment deal.
I'd li...
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My accountant stated, “The losses incurred on the rental properties cannot be taken and will be carried forward as your income exceeds $150k, thus no losses can be taken against your ordinary W2 income.”I was really s...
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Hey BP family, I'm looking to open 1 or 2 more credit cards to build my credit. I have no issues making payments and I want to build my credit faster to get more $$ to finance real estate. I currently have the Discov...