Mike Schoonover
Just inherited 485k house, considering offering seller financing
Hello, I recently inherited a home in Solano county, the home is paid off and was owner occupied since built and was well taken care of with multiple upgrades over the years. I initially intended to rent the property ...
Jabari Marshall
Whole life Insurance and the Infinite Banking Concept
I have been looking into Whole life insurance and Infinite banking and it seems very appealing. From what i hear it can be very beneficial "If" the policy is set up correctly. Has anyone out there got any whole life...
Craig Moore
Buying First Multi - Which strategy would you implement?
Hi BP,I have a question, I'm looking to buy my first multifamily either Q4 of this year (right around the corner) or Q1/Q2 of 2017. Here's my dilemma. I've only got about $20k saved up. I've spoken to mortgage brokers...
David M.
401K Loan and Employer Matching
Hello BP'ers,I've been over and over the forums reading the 401K loan threads as much as possible, and see the point people are making when they mention that you are paying it back with post-tax dollars. However, if y...
Oladimeji Sonibare
Increasing value of Multifamily Properties
Hey, All.
I'm looking to purchase a mid-sized multifamily property with a partner. He's providing the bulk of the funding; I'm analyzing the deal. Where I'm stuck is figuring out how to add value. I understand that M...
August Kahle
Using remaining VA home loan eligibility after first purchase
Hi everybody,I'll try to keep this fairly concise but still detailed enough:A little background- I'm primarily a dividend stock and reit investor who's not overly interested in being a landlord, but I obviously see th...
Jack Lee
Simple Taxation Questions
Lately, because of the large amount of confusing and low quality information I have read online and my inability to access my book collections, I am confused about taxes.
I have the following questions:
1. Are there...
Robert Bryant
Investor/ Contractor do you pay yourself?
I am a general contractor by trade and have thus far saved up money to buy all of my rental properties (and their necessary improvements) out of pocket. I have recently opened a line of credit to be able to do somethi...
Ray Trounday
Arriving at Effective Rate/Yield for a Note with a Balloon
I have been working my HP 10bii to arrive at the Effective Rate/Yield on purchase of a note with a balloon. Lets set aside for the moment the likely-hood of having the borrower actually pay the balloon. In most case...
Account Closed
Partnership with foreign national - tax issues
Hi all,
Thank you for reading my post. I'm considering forming a REI company with a good friend who is a foreign national.
I know a foreign national can be part of an LLC, but I don't have a clear picture of what ...