Marc S.
Investment starting - Need advice for Bank accounts
Afternoon BP Community,I am beginning my RE Investment after months of paralysis analysis. I will be investing in a Syndication after doing a lot of research and homework, I'm confident it will produce great cash flow...
Account Closed
Soon to be finance graduate seeking real estate career advice
Hello,My name is Kurt Geller and I'm currently a senior at the University of North Carolina Wilmington's Finance program due to graduate in May. Through my time in undergrad, I have attempted to involve and educate m...
Douglas Rice
Self directed IRA question
My business partner and I have an LLC that we use to acquire buy and hold RE and do some flips. We are equal partners. He has a ton of cash in his IRA. If he converts this to a self directed IRA can he fund out deals ...
Sandesh Shas
Larger Cash rents out of state
Hi,I was almost certain this would have been addressed before but possibly my search skills aren’t great and I couldn’t find straightforward answers.I was wondering what are the different and recommended ways for larg...
Account Closed
Question about foreclosure
If I pay my mortgage off and own it outright, the bank no longer has it's hands on it. If I then go buy real estate with leverage as an investment, and there's a crash and I have to foreclose on that real estate, coul...
Amanda Musumeci Deeter
SDIRA/SD401k... Loopholes to Fund Disqualified Persons?
Hello!My husband's father has funds in his retirement account that he'd love to invest in our REI business. He's willing to move his current IRA into an SD account so to have checkbook capacity, however, we found that...
Account Closed
How do I add a partner to contract after being under contract?
Hi all. I’m under contract for the purchase of a 6 unit apartment. I want to add a partner to it since he’s getting the financing. There are no realtors involved. I’ve been working directly with the seller. How do I g...
Greg Haygood
CPA in Washington DC
Good Morning BP Community,My family and I are looking to change accounting firms. We used Glass Jacobson who did a fine job on the filing. However, I’m looking for more of a strategic partner in addition to tax serv...
Kaaren Hall
Changes in the SDIRA and Solo 401(k) World
Over the past five years, significant changes have occurred in the realm of self-directed IRAs (SDIRAs) and Solo 401(k) accounts, particularly following the introduction of the SECURE Act 2.0 in 2022. Consequently, he...
Chris C.
Tax Question-Real Estate Education
Can I write off my real estate education costs on my taxes? My accountant says I can't because I have a W2 job. I could if it was education for my W2 but not real estate because I'm not a real estate professional. ...