Art Maydan
Buying Multi-Family Unit with FHA in Chicago?
I'm 23 and my wife is 21 and we'd like to buy a multi-family unit in Chicago with an FHA loan because of the low down payment. 1. How feasible is it to live in one unit and rent out another?2. She's a teacher. Are the...
Darren Looker
Pay deferred tax in SDIRA vs. Pay capital gains each year
We have around $25K in several traditional retirement accounts. We'd like to invest in real estate and already have deals lined up. Which is better/cheaper from a tax standpoint- roll into an SDIRA and pay taxes later...
Candyce Lee
Tips on pulling pre foreclosure list - tax assessor vs paid list?
Hi All, I am putting together a list of pre-foreclosures in the northern ca area. Any tips on the best place to pull the information? Tax Assessor vs paid lists? Thanks!
Zack Takacs
Any Hard Money Lending Advice?
Rookie question. When getting a traditional loan, most cases start with a preapproval letter prior to placing an offer. Do you get pre approved for a hard money loan? What do hard money lenders tend to ask for/need to...
Jake Ferris
First deal in Milwaukee WI
Hello Bigger Pockets Network,I am a 28 year old dentist who runs a private practice in Milwaukee WI. I recently went through the real estate acquisition process when I purchased the commercial real estate that houses...
Ryan Moore
Should I get pre-qualified now or later?
I'm having a helluva time trying to get a few of the lenders that I have spoken to tell me how much exactly I can look to borrow for a conventional loan on a new residential multifamily purchase. All I want to know i...
Mary-Grace Harley
LLC formation after property ownership
Hello!My husband and I are in the process of launching our first STR in Savannah, GA. I have a couple initial LLC and tax related questions.1) The house was our primary residence, and was bought under my husband's nam...
Account Closed
It's Time to Move to the Next Level of Investing?
Hi BP veterans,
My buddy and I were fortunate enough and bought a couple of handful properties in the San Francisco Bay Area in the recent years. Since they have appreciated substantially, we're thinking of 1031 som...
Jon Klaus
What's your tax strategy?
First a quote from the honorable judge Learned Hand.
"Anyone may arrange his affairs so that his taxes shall be as low as
possible; he is not bound to choose that pattern which best pays the
treasury. There is not e...
Account Closed
Purchasing Foreclosed Home Before Auction
Hi Everyone,My Wife and I are looking at purchasing our third home. We have found a SFH home that is foreclosed and will auction oct 29th at 200k (comps are in the 300k range)What is the best way to get the house unde...