Vlad Bahatyrevich
My experience with Memphis Invest (Turnkey Investment)
Hi everyone,I created this discussion to tell about my experience with Memphis Invest so far. I purchased a property with Memphis Invest in September 2017. The only reason I went with MI is because of their strong rep...
Nathan H.
Not Often Talked About MHP Tax Strategy
Hi BP Community!I just want to share a strategy I used on a property I closed on yesterday. Please feel free to critique/ point out anything I'm not seeing:I sold a rental property over the summer that I had a low bas...
Brian Plajer
Syndication Strategy using HELOC funds
Hello,
I am interested in Apartment building investing however I am 52 yo and have a Full time job in healthcare, I have access to capital via a HELOC and was contemplating investing in a couple syndication deals....
Rob MacSwan
Who should be listed as seller? Holding company or individual llc
I am in the midst of selling three properties together in one deal. Each property has its own llc under my holding company. Should my holding company be listed as seller on purchase contract? Thanks so much in advance...
Mikaela C.
Tax basis for inherited property that's a rental
My father passed away in 2008, and his will set up a testamentary trust that included the house I grew up in, in WA state. The trust stated that I would not inherit the home until July 2015 (when I turned 25). The hom...
Julie Halloran
Tax question: Incur rehab costs before or after Jan 1st?
I'm currently undergoing a renovation on a 2-family I purchased a couple of weeks ago. I anticipate the renovation to last past the new year, and will include items like painting, refinishing floors, new kitchens and ...
Jimmy Jean-Louis
First Deal on the first property
Is this a good deal?I live in fort worth Texas. I'm in the process of making my first deal I need help.I have about $80,000 in cash for the purchasePrivate or Hard money lending - $36000 to complete the purchaseI wan...
Colin M.
Self Directed IRA as well as Employer 401K
Hi there, I currently hold a 401k through my employer which i contribute to weekly. Im looking to do a couple things here:-1. I already max out this 401K every year but want to put away MORE pre-tax dollars, can i set...
Jeff Jenkins
Investing with No Job
Hello all,
This is a question I've had for some time now. Hopefully someone can help.
I hear about people who are living off their investment's cash flow, but no longer have a job, and continue to inve...
Edward Adams
How to Find First Lien payoff amount when you buy second lien
i recently bought a HOA foreclosure house at auction that had first mortgage lien on it. i did some calculation to figure out the first lien balance but at the end i was so wrong, the amount was twice. is there a way ...