Hello everyone! This is my first post to the forum now that I am finally a member (I've just been stalking the site for quite some time now). I am 26 and really excited about starting my journey in real estate investi...
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Hey, guys!I've been on BP for about 7 months now and I have quickly learned two things:There is no better place than BP to talk real estateThe wealth of information on BP is immeasurableI've read and learned quite a l...
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I currently utilize a self-directed IRA. My IRA monies have been invested in a real estate project. I'm coming out of that investment soon and I now want to use those IRA monies for buying at trustee sales. This "Chec...
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Here’s how that works:Depreciation is the act of slowly deducting the initial expense of an asset against your taxable income. Generally this is over a 27.5 (residential) or 39 (commercial) year time frame. So each ye...
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Are you still putting your money away in a retirement account?
Are you maxing it out?
Are you getting the bare minimum employer match?
Or are you parking all your money in a liquid account to be ready for the next ...
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On this forum ive noticed a good chunk of people have w2 income who are investing for the first time or becoming seasoned investors almost ready to give up their w2 job.It seems like it is easier to get started in the...
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Hello I am still new too investing, no deals. I am 22 and about to start a new job with 50% 401k match up to 6%. So I am able to gain “free money” but don’t know if I want to allocate that much money into the 401K whe...
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Hello Everyone,
So I've just learned about the cash out refinance option while perusing bigger pockets forums, but I don't understand why you would want to do it. Using the following scenario I was hoping...
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After researching different retirement accounts, I've decided that a self directed solo 401k plan is a good fit for me. I have self employment income and no w2 employees. When I search for how to start an account, I g...
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Folks, Newbie here - so please be a bit soft on me...:-)I own a home (#1) in the Nor-Cal South Bay-Area - which I bought a few years ago, for a little under $800k. Current mtg is $1300. Property tax is ~$900/mo. Add H...