Tyler D.
Creative financing a new fourplex
I'm looking to buy a Fourplex, but potentially running into issues on getting a loan, and would like your advice.
The majority of my income is non taxable, and the banks I have talked to have said that they will not ...
Jonathan Duhon
Hiring my Contracting Business to Removate Investments
I am a real estate agent and a residential contractor. To date, I have worked in both full time. In my contracting business, I have recently brought working for other people to a very manageable level so that I can sp...
Christopher Brown
1031 exchange into commercial building
Hey bigger pockets, so just accepted an offer on my quad plex, getting a decent amount out of it so long as the house appraises for the loan. I want to 1031 the proceeds into an 8 or 10 unit building. Is this possible...
Jason Thomas
Worst tax consequence of Rental Sale
Ive been trying to confirm the tax consequence of selling my rental unit and am so far astounded at the negative tax implications ive found. I purchased this unit in 2001 for $400k and converted it to a rental in 200...
Kin Lay
Help with structuring my income with 401K and IRA?
Hi everyone,I graduated from university about 9 months ago and had began working in the corporate world. I earn about $68K per year right now and I am single. My company do 401K with cash balance formula, which it mat...
Account Closed
Do Not Give Any Upfront Fees!
There are a number of scammers posing as lenders or "capital providers". They ask for upfront fees like retention, due diligence fees and even prepaid interest. If you deal with anyone that ask for upfront fees, RUN! ...
Reyes Tena-Martinez
Would love some input on investment or opinion. Thank you
Hello again guys!! I posted about my first investment (fully paid off not to brag) and am now living in my second home. I came across a fourplex opportunity. I want a second opinion since the housing market has no clu...
Ken Martin
How To Do a 1031 Exchange For An Existing Syndication
Hi BP community, I am about to kick off a syndication/raise for a great multifamily property in the midwest, and a few potential investors have expressed concern around investing given they would want to be able to IN...
Bienes Raices
Treatment of rental application fees (tax, LLC)
I'm taking applications for a property owned in an LLC. They are always in cash. Do I need to deposit this cash into the LLC bank account in order to do things the right way in terms of the LLC, or is okay to just kee...
Terry Royce
A few questions
How often do you guys have the seller get fired up that you are selling the property basically for more than what you bought it for.
How do you handle situations like this.
I am also wondering how often you get the ...