Brandon Irvine
Creative Options for Flip Project
Here’s the scenario: I purchased my first flip house for $210K back in October. I put $55K down and spent an additional $45K of our personal money to complete the project. The house went on the market mid-February and...
Steve Meyers
North Park Condo in San Diego, CA
Investment Info:
Condo fix & flip investment in San Diego.
Purchase price: $365,000
Cash invested: $36,000
Sale price: $475,000
My business partner and I purchased this 1/1 condo from a proba...
Johnnie Bembry
Seeking Input on my BRRR Plan
Hello BiggerPockets Family,I'm putting together my plan to BRRR a property. Can you look at my plan below and provide input? My biggest question is whether I'm legally allowed to fund the rehab with a business credit ...
Vanessa Ivonne Hernandez
Bank Accounts for New Investors
Hi BP Team,
I'm in the process of closing on my first rental and I have questions about setting up bank accounts.
I understand we shouldn't co-mingle personal funds so a separate checking account (operating costs) ...
Alfredo O.
Tired of using family money so we need a better way
Year one is almost over and we are very excited to see what 2017 has to offer. We flipped 10 units year one...Not bad for a couple of rookies....(and started on Feb 2016). We are looking to now grow our biz by addin...
Chad Hovermale
Lease Options and IRAs
For all of the IRA experts.In your opinion, if I purchase an option to buy a property with funds from my IRA and manage the property during the option period inside of the IRA, would I be prohibited from purchasing th...
Christopher Oliva
Can I claim expenses on a property owned under an LLC?
If I own an STR under an LLC and use funds from my personal bank account on that property for things such as repairs, furniture, etc., can those expenses still be claimed on my taxes? Or would the bank account that is...
Account Closed
Rehabbing a property that needs 100% work
If I have a property that is practically about to collapse, what is the best strategy when it is time to begin rehabbing? Are there any books that could be suggested on the subject of improving a property?
Bevin Bankston
Help me analyze this deal
Good Afternoon,The property listed below is going highest and best on Wednesday. It is currently listed for 459,000 but I expect to enter a bidding war. Even at 475,000 I can see this being a great property. The numbe...
Tim Noteboom
Using SDIRA funds for Rental purchase in a partnership
I have $65K in SDIRA account. I would like to purchase a rental property that costs $55k. I could purchase it in full with my SDIRA funds, but my brother would like to partner with me by paying 50% of cost and own it ...