Yan B.
New to landlording, considering my first property (IL)
Hello everyone,I am seriously considering becoming a landlord, and recently I started looking at the "starter" properties nearby. Found a three-unit property with the asking price of $150k, property tax of about $7700...
Teague Anderson
Where do you guys keep your reserves
Where do you guys keep your reserve funds? It seems like a waste to just have them sitting in a checking or savings account, but other accounts usually either have risk, or make it hard to pull the money out. Does a...
Farid Moaveni
Do you have to pay taxes when refinancing a home after rehabbing?
Hello,Does anyone know if you must pay tax on the “income” earned after refinancing a home you recently rehabbed? If I invest total cost of 80k in a home, get it refinanced at 120k and get 70% of that to invest in ano...
Gulliver R.
Q's about checkbook IRAs
Is there a Roth option for checkbook IRA?
If I rollover 100% of funds from a tradition IRA (both contributions and earnings) into a checkbook IRA, Can I buy a RE property with my checkbook IRA funds regardless if the...
Drew Cameron
Become your own bank
Hi fellow BPers. I stumbled across a book that was mentioned in one of the forums here called "The Wealthy Code" and read it cover to cover really liking the ideas, content and the way it was written. The author wrote...
TJ Sinn
Solo 401(k) for Real Estate Purchases
I am curious to see what everyone thinks about using a solo 401(k) to fund future deals? Right now I have one rental property and one residence. I am looking at using a solo 401(k) to invest into for tax savings - and...
Joe Splitrock
Where do you park your money?
I am wondering if you built up $10,000 or $25,000 or $100,000 in cash to invest, but were not ready to invest, where would you park your money? Would the "location" change based on the dollar amount?- Money market (FD...
Brad Spuhler
Who do you use for high yield business savings accounts?
Hi BP,
I have a business checking account (for my LLC) and I'm looking to park some cash for reserves and future acquisitions. Curious who other real estate investors are using for high yield business savings accoun...
AJ Wong
When there is blood in the banks buy Real Estate
Isn't it ironic how the one time borrowers got a 'leg up' in the form ridiculously low interest rate mortgages that those same 'assets' are partially what is behind the collapse of several significant US banks and bey...
Kim Leduff
50k now or 150k in three years?
Hi BPers!Currently we are building out the Garage in our Los Angeles based property to be it's own 1 bedroom. I have some extra cash right now I can use to either invest in the market and save for maybe 3 Years to pot...