I am in the expansion process of my RE investing company and need to reduce my IRS Taxes.What is Best to use ? A. Roth IRA or Solo401k ?

I received the following question via private message today and it reminded me that most consumers don’t understand where lender's guidelines can be different and in what situation lenders must remain the same. Below...

Hello all!I am a complete newbie to this field (and forum) so please go easy on me. Me and one of my friends are thinking of buying a lakefront Condo in downtown Chicago (2BA/1.5+ Bath). We both live few hours drive f...

I see that BP has a list of a couple dozen providers that can help me set up a solo IRA. Which are your favorites and why? Anyone not on the list that I should consider? What is a reasonable fee? Any questions you rec...

I was wondering if anyone had good insights on how to use a 401k to fund deals and flips. I heard you can switch your 401k to a self directed IRA and use the funds to do as such. my questions are the obvious ones. PRO...

I'm new to investing but understand property management well. I plan to start my business within the next 6-8 weeks as a wholesaler and property management but I'm getting stuck on which business entity to choose for ...

Hi AllI have a tenant who is self employed and she just started her business, since it is difficult to establish her income, she offers to prepay 3 month  in advance for a 1 year lease.   So she will put down 1st 3 mo...

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $53,000

Cash invested: $53,000

Keller Wiliams Monzo Group
#1 Team in Michigan for actual homes sold!

Wall Street J...

I am trying a new (to me) strategy and would like some input.I am currently searching for deals for some out of state investors and I am looking to wholesale them the deal once I get it under contract.  This strategy ...

Three years ago I bought a 6000 lbs SUV for $22K which I traded in this year for $12,500.  This is my wifes car, not my work truck so the business use is not 100%   I am very surprised in how this trade in adjusted th...