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Unemployment claims are inching down, the economy’s Q2 numbers were revised up a bit, and the sentiment in the articles I see all point to a recovery. Is this election propaganda or are we actually seeing what will...
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Seeking input regarding use of SD IRA funds for REI. Have been using my SD IRA funds for funding flips over the past year, completing 3 with success. I have no issue with this method, easy enough on my end, so no co...
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Write your postHello BP community!I am about to embark on my new property journey.We live in California and the property we are interested in is in Pennsylvania.House is $50kTwo residential units with each bringing in...
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Hello all,Been lurking around the forums for a while and always love to see the advice and knowledge everyone is willing to share.I have a "hypothetical" situation and want to get your thoughts. A person has 100k to w...
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Hello everyone,We found an off market deal in San Diego. It is our first apartment deal and we have been looking for a little while. As some of you know San Diego like many populated city, the cap rate and cash on cas...
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In 2017 I purchased a foreclosed 4-plex to do a BRRRR. We cashed out a state retirement account from a previous job, used cash and also partial 1031 money for the all cash purchase. In March of 2018, I got a loan on t...
My understanding of Dealer Status is that if you are flipping on terms (in my case: buy on terms, fix -or not-, then sell on terms) then you lose the ability to be taxed as an installment sale where your gain is sprea...
Hey everyone, I am looking to buy my first rental property, I have found a property and have run some rough numbers on it and it seems to be a sound investment. However, with this being my first deal, I wanted to get ...
Hello BP! I have a decision to make come 2016 and need your help deciding.For 2016 my number 1 goal is to buy my first rental property! I currently live in NYC and plan to buy my first property in Albany, NY which is ...
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Hello,I'm an investor from California. I am about to close escrow on a new built SFH in New Braunfels (North San Antonio, TX). The builder offers 1 year fit & finish & 10 years structure insurance. Should I...