Basically if I buy a rental house for 75k cash and rent it for 750 a month it will take me roughly 10 years to get my money back. In the mean time is it a loss? I already paid income tax on that money, I saved it in m...
I am asking this for a friend in Kentucky that is now interested in starting in real estate. My default answer was "Talk to an accountant or attorney that specializes in real estate." That said, his mom moved from Ala...
I have an Investment Property that I previously did a 1031 exchange on with sizeable gains. My income recapture (first to pay back), is approximately $45,000. I have a potential buyer (friend), that will work with m...
So I have a 1+ acre lot here in Lake Wylie SC, and it has a great well and septic approved for 4-bedroom. I'm not ready to build something decent on that lot quite yet. I was wondering if there's a market for rentin...
Hello guys:I wanted your opinion on my intention of cashing out my 401k and Roth IRA account to use the money to buy real estate. I think real estate market has better opportunities at the moment and more potential in...
Can anyone explain to be why and what are the benefits an owner will finance to a a buyer. My understanding is: if the terms are right. But I do not not really understand that. can someone help me :roll:
Hello BP members,
Thinking of converting part of my IRA into self directed IRA.
Any do's & dont's?
Has anyone invested with iplangroup?
Thanks, Kishor Thope
My parents will be retiring within the next 2 years and looking to relocate from Maryland to Los Angeles. They currently own their home free and clear but we are unsure as to the best way to leverage the HELOC they cu...
Hey everyone I'm trying to evaluate my first deal. Here is the information on it. All info was pulled from county records.Staten Island, New York. SINGLE FAMILY HOME. 3 Bedroom 2 Bathroom 1 full 1 half Lot Sqft 2,500....
My mom wants me to help her roll her 401k into a self directed retirement fund to purchase rental property. She will be 70 next year and wants to do this before she is required at 70.5 to start taking distributions fr...