Hello. My name is Phil Richards. I have zero experience in real estate. I'm from Plainview, Texas. I'm currently working in administration for a privately owned family medicince practice as the Human Resources Directo...

I will try to summarize my situation.  I sold a property last week and hired the necessary firm to put it into a 1031 exchange.  I have a cap gain of about 400k.  I have identified a property to purchased that would c...

If a DoJ lien is filed AFTER the foreclosing party’s lien – is the DoJ lien extinguished at the foreclosure sale (no longer attached to the property) ? For example, foreclosing mortgage lender lien recorded in 2005 an...

I searched the forums and found a lot of people have questions about self-directed IRAs and for good reason, they are confusing! I read through about 50 posts but did not see the answer to my situation and I was hopin...

Currently, my wife, our 3 children and I live with her parents. We sat down with our RE agent for the first time yesterday to discuss our goals with REI. Our plan is to finance our first home with at least a 20% DP, f...

Hey there BP family! I was wondering if anyone has any experience/knowledge in how to roll a 401k into real estate. We are not interested in borrowing against it. We simply want to unload it and take control of our mo...

Hi BP,  I would like to loan myself 50K from my solo401K to pick up a foreclosure at auction.  My custodian says it's my responsibility to administer it.  Seeking direction on the best way to do that.  I'd like to min...

Today was President Trump's inauguration. The administration wasted no time and has halted one of Obama's last minute legislations to cute PMI rates. Correct me if I'm wrong, but I thought Trump is pro-real estate? Is...

I want to start flipping homes in Oregon and Washington state. Should I open an LLC or a corporation every time I purchase a home and want to flip it? I currently have a C Corp. that I want to utilize the money from t...

What should my next steps be after I skip trace and see that there are no relatives coming up and no one paying the taxes on a house that is vacant? I recently called a probate lawyer for the process this morning just...