Marquis Harris
Should I cancel my 401k?
Hello Everyone,Im not sure if this is a stupid question to ask, but I am generally curious about the subject and would like to know what is the best step to take. Should I cancel my 401k?To give you a little backgroun...
Chloe Philipp
Should I Start a Contractor Marketing Agency?
Hello BP community!After doing my last couple of remodels, a crazy idea hit me. Not sure if the concept is groundbreaking or if I'm reinventing the wheel, but the contractors working the job had been doing the same ki...
Jia Liu
Leveraging 401K to invest in real estate
I am thinking about leveraging my 401K savings to invest in real estate. Does anyone have experience with that and would like to share their story? What are the pros and cons of doing that? Thanks!
Mark Yuschak
Bookkeeping - what's your approach?
As we acquire more and more (mostly buy and holds, but also some rehabs for a quick flip) it's becoming more and more of a hassle to keep the books.
I am yet to find an adequate piece of bookkeeping software which re...
Ben Smith
Self Directed 401k/IRA Intricacies
Hello All,I've almost been getting more and more confused the deeper I go into the self directed Solo 401k/IRA information.I have 3 accounts from my past employment that include a 401k, a Safe Harbor IRA, and money in...
Luke G.
Large House Split Based on # of People?
So I currently have 65 long term units that I own and I recently purchased my first property that I'll be going the STR route with.Basically, I just bought a large (4300 square feet) cabin on Lake Superior that is ess...
Michael Plaks
The so-called "STR loophole" - hype or real?
Buckle up. This is a long post addressing many myths around the current obsession with the "STR loophole." And the first of such myths is that it is a loophole. No, it is not. Loopholes are something UNintended. In co...
Aaron Ingram
Quote Architectural Drawings
BP Community,
I have a quote for $7500 for architectural drawings on a rehab we are doing. It's a 1300 sq ft house, we are enclosing the garage and we are also doing a drawing to add a carpoint aside the house. Wonde...
Matthew Rembish
Why to Always Work on Your Business & NOT in It (True Story)
Exactly one week ago (1/8/2020) I found a self-storage facility listed in Florida that fit the exact criteria I was looking for; room for expansion, operational improvement potential...you name it! I'm normally a hous...
Mike Lynch
Real Estate Commission Question
Hi,If I am selling a home for around $350,000, the standard commission around here is 6%. Do you bite the bullet all pay that or do you maybe negotiate and give the listing agent less. I am not trying to be greedy, bu...