Brent B.
New to REI in Charlotte, NC
Hey everyone,Been lurking around BP for a few months and finally decided to start getting more involved. I've lived in Charlotte, NC for a few years, working as an accountant for one of the banks here. I'm interested ...
Guy Yoes
Excel, quick books or ? for REI financials?
My list of properties has more than doubled this year. I was tracking expenses with excel spreadsheets. I am hiring a CPA to do taxes this year. He recommends getting quickbooks. Is it worth the monthly fee, time sett...
Joe Candelaria
Best Account to Keep Capital
Happy Tuesday all! My question is, what is the best account to keep the capital we will be using for our real estate deals? Here is the situation, the main investor in our investment group is moving funds from a ret...
Ben F.
Passive Investment Deal
I am new to the real estate investing world. I have an offer for an investment for a multiple family unit development. As a passive investor, what should I be looking for? Are there are clear red flags to be on the...
William Luke Laity
Self Directed IRA for wholesaling
I recently heard on a podcast that you could use money from a self directed IRA as earnest money for a wholesale deal, and then when you flip or assign the contract, the money you make from it would be tax free appare...
Kristopher Kyzar
Can property purchases with IRA be financed out of IRA?
If a property is purchased using a Self-Directed IRA, and is retained as rental property, can that property be financed out of the IRA into the company/owner's name with payback of the funds drawn on the IRA? What ru...
Remmy Vernon
Security Deposit return when couples separate
Had a young couple with a child split up. Girl moved out first ( he was stealing a part of the rent money - nice guy - haha ) and then he moved out a month later. We were happy this happened as we were not going to re...
Albert Martinez
Partners for Flipping a house
I have an investor that would like to partner with me on flips. He wants to be a silent partner and wants to put in half the money to purchase and rehab but does not want to do any work. I will be locating, purcha...
Mergim Kacija
Seeking Advice on Lender-Placed Insurance Dispute After Loan Payoff
Hello BP,
I'm hoping someone here can provide insights on an issue I'm dealing with. I took out a 12-month hard money loan with HouseMax Funding, a reputable lender, for a fix-and-flip project. Before closing, I was ...
Jeremy H.
Convincing your Spouse to love RE like you do
How'd you do it? Or at least get them involved?
Quick backstory - I've somewhat been into investing since my mid 20s (the time most of us actually start making $ out of school lol) in the stock market - just long ter...