Amanda Berg
downpayment and property management questions.
Hello BP community!I am finally going to make the move to start my journey of getting out of the rat race. I have come up with a plan to start investing in rental properties. My goal is 2 per year for the next 10 year...
Jen Wells
HELOC for rental downpayment
Hi All,Debating a HELOC on my primary residence to obtain funds for a downpayment for another rental property. Does anyone know if the heloc interest would be deductible under the new tax reform given this situation?...
Chrissy Severance
Reading Income statements
I am new to multi family. As both a Realtor and Investor, I want to provide the best and most accurate info to buyers and sellers as well as understand it. How do I look at an income statement that shows a negative ...
Ed S.
Tax and Single-Member Business Entity Questions
I've seen a lot of excellent threads on the site about business formation and taxes. I was hesitant to post on them because most of the recommendations say, "it depends on the particular situation."I am posting the fo...
Account Closed
Has anyone considered self directing their HSA?
Not sure how many here use a Health Savings Account (HSA), but for those that do and that are in good health this can be a means to build your HSA. My wife and are building a good sized balance and will be ready soon...
Aaron Lobo
My mother wants to retire...
Hello everybody, this is my first post so if I am posting in the wrong section or I sound silly, feel free to let me know.So my situation goes as follows, my mother would like to retire. Currently my parents purchased...
Dustin Peters
Sep 401k or Solo 401k under LLC
I am curious about setting up a 401k under my LLC. Is it worth the time, money, tax advantage, etc to set one up. If so which makes more sense a Sep or a Solo 401k. Would it make more sense under an S-Corp, C-Corp etc...
Brian Sealey
Net Present Value
I'm using an investment analysis program that allows me to input NPV (can input a percentage for before tax and after tax to help determine the value of an investment opportunity). My question is how important is it i...
Jeff Campbell
Investor made 42k on her first flip I wholesaled her
I sold a wholesale deal to one of my investors let’s call her Ida (haha because that’s her name) a deal in North Little Rock off of JFK a few months back. I always do a follow up call to see how it went and what wor...
Sean Kelly
Purchasing from wholesaler
Hey guys -- this would be my first purchase from a wholesaler AND first time purchasing multiple properties at once so I have a few questions would love some expertise
Looking at 4 properties, two are individually pr...