Stanley Lo
ARMs adjusting soon
I have two mortgages that will adjust in March 2024 and one more in March of 2025.
I'm thinking of waiting until closer to the adjustment date to pull the trigger.
Option 1 - Full refinance cons-- expensive and high...
David Baker
Tax implications of a single flip
Hi all, I have read several posts on first flips and taxes but have yet to find the answer. So here goes! My wife and are both employed and in a higher tax bracket. So if I flip a house this year and profit $25k a...
Chris Adams
Thoughts on siding repair
I have this hole in some vinyl siding, the problem is its faded very bad and I can't find a piece to come close to matching.
I was thinking about installing a white block and putting a door bell on it, unfort...
Eric Sipe
Should I Conteibute to a 401K??
Hi BP!My question is pretty simple. I am about to start my first full-time job after graduating college (whoops) and want to start investing in RE in one year after saving 65% of my income for a year. My job offers a ...
Ryan Fahey
Fannie Mae (Conventional) Loan and Wanting to Close with Land Trust
Hi all, I have a Wyoming Holding company and Arizona LLC created. I am open in escrow on an investment property that I'm doing with a Fannie Mae loan. I'd love to close with my name not on the title. I know land trust...
Jay Helms
Contribute to 401K or Not?
Afternoon BP Community. Listening to several podcasts and reading many blog articles, there is a constant debate on whether someone should contribute to a 401K or take those contributions and direct them to RE. Unless...
Tanner Sewell
Rental property partnership agreement - interest rate question
I'm financing rental property purchases with a cash partner. Here's the structure & terms of the 50/50 cash-sweat equity partnership:
Money partner obtains loan and the contract on the property
Sweat equity p...
Mark Smith
Should I Kill My 401k?
I've been listening to Set for Life, by @Scott Trench. Great book! One of the things discussed in the book is how a 401k locks up part of your income, and that if you aspire to reach early financial freedom then a 4...
Account Closed
401K or Not?
Hello all.....
I'm just about to buy my second multifamily property and one of the advices that my uncle gave me was to max out my 401k. Now, don't get me wrong, he owns a franchise and also has about four rental pro...
Amanda Brown
Joining the club
I recently made the decision to jump head first into doing what I love rather than working so hard to be good at what I was doing, only to question the security of my position