Jared Orme
FDIC limits the banks?
I recently had a real estate agent inform me that FDIC had required a bank to set the asking price for the property at the loan value and not the actual property value.
Basically the 1 acre lot andmobile home is wort...
Johnny Thompson
Any Appraisal Tips?
I’d like to hear from some of the more experienced investors if there are any tips you can share on how to increase the chances of receiving a higher appraisal after the renovations have been done?I’m not necessarily ...
Ethan Edwards
Business Trip to Memphis Tennessee
My business partner @Duran Villegas and I will be visiting the Memphis area October 24th through 26th. We will be exploring neighborhoods and looking to connect with professionals who have experience in working with i...
Eric Blackford
Duplex Analysis
Hey everyone! I am new to REI and new to this awesome BP Nation, but I am absorbing everything like a sponge I hope! I am a well-seasoned equities investor, so that background makes the finance and numbers learning co...
Frank M.
Self Directed IRA Tax reporting?
For my current rental property, I file a Schedule E each year. And I have to track all expenses and income to do so.
Once I set up and fund an SDIRA via transfer from a regular IRA, what are the reporting req...
Jimmy NA
Michael Rossi: "1 Minute to Rental Property Riches"
I don't know if anyone has reviewed the book here, but all serious investors must read "1 Minute to Rental Property Riches" by Michael Rossi . This book delievers the truth about rental property purchasing and owners...
Andrew Banker
If Ramsey and Kiyosaki had a child...would he buy this duplex?
I first came to BP about 3 months ago and have become an ADDICT. Forums, blogs, podcasts...I can't get enough! My wife calls BP my "other" wife.I have three duplexes under contract that I'm very excited about. The ...
Aram L.
BRRR.. and Refinancing when you're Self-Employed
I'm looking to own multiple properties. I have about $150k to start but want to apply the BRRR method. Only problem is I show as self employed on my tax returns What do you do to get over this hurdle?Like many people ...
Donyea Jenkins
Employee tax question
If an employee told me he wanted to be a 1099 and have his wages sent to his church and they were going to take care of his needs, would the employee still have to pay takes on his wages?
Kerry Pangan
Best way to acquire 2nd property?
I just purchased my 1st duplex in January. Renovated and tenants area now paying 100% off the mortgage. What is the best way to acquire a 2nd rental property? I’ve already used my FHA so I’m thinking conventional 20% ...