Preston C.
Complementing Careers Starting Out
Hi everyone, I am fairly new to real estate investing. I am from a small town and have family that invests in rental property, but on a very small scale. Currently I have one rental that cash flows about $6500/year th...
Susan Knight
To All Full-Time REI: What do you do for Health Insurance?
I am interested to know what you do for Health Insurance after you left your W2 income to go full time in REI? I am wanting to plan for the future, since my goal is to be full time in 2 or 3 years. I have the option o...
Chan K.
Self Directed IRA, UDFI (Unrelated Debt Financed Income Tax)
Hi BPer,For those with self directed IRA experience, can you explain what is the UDFI (Unrelated Debt Financed Income Tax) impact on real estate investment using self directed IRA?Thanks,-Chan-
Travis Lee
Building a home addition, hire a GC or hire subs myself?
Hello and thank you in advance,New to the website! I recently purchased a house where I plan on adding a home addition. This is my first time building a new structure so I asked a GC to help. The request for the GC wa...
Eric Piccione
Moving Overseas for 6 months at a time, Need some advice on Investing
I'm moving overseas with my wife and daughter to be closer to her family and I'm trying to figure out the best way to proceed.I work in remote sales so as of recently, my commissions have been great. That said, while ...
Sharon D.
Financing options: plenty of cash but income issues
I found a FSBO and am preparing to make an offer. Asking price is $65k and I have $40-45k cash available to put into it. Question is, how do I finance this? I would love to put 50% down and get a 10 year mortgage f...
Account Closed
Section 8 Tenant has not paid tenant portion
Our section 8 tenant had a death in the family, and unable to pay this month's tenant portion. As a new investor, I wanted to begin prepping for what to expect going forward. We did issue a letter (reminder) of paymen...
Greg Howell
I'm 21, just started a new job and want to buy rental properties
I just graduated college in May and started work at a new job. My fiancé and I were able to buy a foreclosed house in Hanover, PA in April for $135k that needed about $10k-15k worth of work. We bought it with convent...
Account Closed
Initial expense/compensation in 3-person (33%) TX LLC.
Hello all,I'd really appreciate a few thoughts from this amazing community. I'm in need of some help on the best way to manage the rehab costs of a new property within a three-person LLC/partnership. This is the first...
Adam Craig
Can I post 3 day notice during Corona Virus?
Out of 36 tenants - only 3 have contacted me about job issues related to the pandemic which was a pleasant surprise. Most are able to pay a good junk of the balance and whatever remains we are offering a payment plan ...