To all the millionaires out there, where do you think is the best place to put your money to let it grow while still being able to pull it out when needed? Personally, I prefer being able to access my money without pe...
After spending a few years investing out of state in long term rentals, I realized that I would have to accumulate up to 100+ houses at the infamous “$100/door” target to completely decrease my dependance on my W-2 in...
Hey guys! Im looking for advice here.I've been looking into trying to open up an unsecured line of credit, mostly through my business. The issue is i've been mostly getting denied simply because of the fact that my bu...
As a real estate investor, it is common to get criticized for investing in real estate versus putting every penny in the stock market (especially from financial planners who want that trade commission/fee). Below is a...
I have 90K or so in my TSP.
I’m interested in using it more effectively.
I currently have one rental property.
I don’t currently have a real estate investment LLC, but I’m thinking about making one.
I don’t curren...
We may be listing our single-family home investment property this month. It has greatly appreciated and if sold, we could clear $100K. I used 1031 exchanges in the past but failed to find a replacement. I don’t want ...
Hi BP,Had an interesting convo with someone the other day debating the Solo 401k option for self employed individuals or taking the annual tax hit but keeping your cash more liquid to actually purchase rental real est...
Dear BP Community, I am buying both units of a duplex, leasing one unit to someone else and living in the other. I’m taking a hardship withdrawal from my 401(k) to fund the purchase. Any comments regarding my decis...
I'm wondering if/why I will have to pay SE tax and all the other extra taxes on my profits from flipping.
This would make sense to me if flipping were my job and I were self employed, but the majority of my income (a...
The seller is threatening to take our earnest money deposit when we tried to cancel during the inspection period. Because we wrote the contract “as is”, they said our reason for canceling, the property is poor condit...