Ernie Be
Mental case or common?š
Or am I just a mental case? Haha...I currently have my own property maintenance biz which is currently in a slow spot. I have some money in the bank and am desperately trying to figure out what next venture I should p...
Seann Brown
Cashing out 401k to buy rental property
Have $100k In my 401k, would it be wise to cash out the entire amount for a rental property? What would be the tax implications? I live in CA. I know I would pay the tax on it now, but it was all tax deferred contribu...
Jonathan Deno
Cash out Refinance vs HELOC
Hey BP,
Iām having issues deciding on whether to Cash Out Refinance or take out a HELOC. Here is my situation:
I currently own and live in a five unit multi family. There is a good amount of Equity in the property. ...
Ron Kahat
Give PM access to my bank acount ?
Hi, I just bought my first house in Pensacola, FL and I've started working with a PM that is a friend of a friend who operatesĀ down there.The PM asked me to give him a credit card and a checkbook so he can pay when ne...
Robert Shedden
Proof of Funds - Personal Loan From Family Member
I am negotiating my first deal (fix and flip)Ā and need Proof of Funds. Here is some background...I've been going back and forth with a seller working through propoffer.com. The original list price was just over $100,0...
Clare Cui
Decent tenant now unemployed, renew lease?
Hello all, I have a tenant who overall has been a decent tenant (paid rent on time, let us know if maintenance issues etc) however her lease is coming up next month and she admitted to being unemployed for the past fe...
Tyler Cote
Solo(k) equivalent for 403b
Hi - I recently learned about some of the benefits of a Solo(k) account with respect to using tax advantage to savings towards and Real Estate (hat tip to the BP TC strategies book!). I am a public school teacher and ...
Chris Odell
UBIT for Self-Directed IRA
Hello BP,Can someone help explain why self-directed IRAās are subject to UBIT tax on non-recourse loans but a solo 401k is not? I understand that the 401k is considered a āqualified planā but, in my eyes they both hav...
Mary Blanco
Do I need an LLC per house or just one LLC?
Iām looking to get started in an LLC for the two rental homes, I currently have. However, Iām trying to research which option is most beneficial. Do I create an LLC per home or one LLC for both homes ? Looking for inp...
Michael Hable
Self Directed IRA
Hello everyone!I'm interested andĀ have been reading about SDIRA and had some questions I was hoping to get answered.(1) Once the money is transferred to a custodian and a property is found all profits go back into the...