Looking to possibly set up a C Corp and have our IRA buy shares so that we would have available capital for fix and flip opportunities. Does anyone have this arrangement set up or had in the past that can give me advi...
Hi everyone. I'm new to BP and new to REI in general. I'm looking to do my first deal and currently have an offer in a 6-unit multi-family house. Seller asking $140k with gross profit of $31k and net with $19k(w/o dep...
Has any rehabber used a self directed IRA for rehabbing houses? How do you handle the profit. Does it have to go back into the IRA which would seem to defeat the purpose as you couldn't make any money to live off. If ...
I'm hoping someone who's done a 1031 exchange before, or a CPA, can swoop in and drop some knowledge on me. I was over at my CPA's getting my taxes done and talking strategy for this year when the idea of a 1031 excha...
Has anyone out there in creative land used futures contracts to hedge interest rate risk on your ARM? I am wondering what futures to use for commercial loans with floaters past year 5 or so. Selling eurodollar futur...
I wanted to share an article with all of you but could not do it as an article due to either my misunderstanding of how to post an article or maybe the restrictions of the extranet usage here at work. So I will share ...
I preapproved a borrower to put in an offer, but the listing agent denied the offer because it was from a big bank. There is a misconception that my bank won't finance a "flip" transaction. Our guidelines clearly st...
Hi everyone,
Has anyone dealt with purchasing properties in FEMA declared flood zone? Any word of advise besides additional expense on flood insurance. Many properties in CO got flooded last summer and were c...
I do not mean to ask about buying a tax lien, which is different.
My county in PA has first an "upset sale" , in which you are buying the actual property, but any mortgages, liens, etc. are still attatched ....
Do you believe that we should be willing to pay more tax to help house the homeless?I'm going to ask again in a minute, but first am going to tell you about 2 of my properties.Rental 1.I've owned it for 4 years wit...