Hello BP,Can someone help explain why self-directed IRA’s are subject to UBIT tax on non-recourse loans but a solo 401k is not? I understand that the 401k is considered a “qualified plan” but, in my eyes they both hav...
I hop this helps all struggling entrepreneurs find the reason why!I felt compelled to write this article for all the entrepreneurs out there who are constantly striving to achieve their goals and reach new milestones....
Quick question for anyone that uses private money. When using private or hard money for flips or rentals, it’s mostly used to pays for the property, the rehab, and closing. Are the monthly interest cost the hold the l...
Hello,We are getting close to finalizing a loan(s) for a set of 3 duplexes we are buying within our LLC. The properties are all similar in value and have a total value of about 500K. We are able to get terms of 20% do...
I’ve been looking for deals in brooklyn(bushwick, bedstuy) and queens(ridgewood) to use an FHA loan and house hack to get started as a first property. I am feeling intimidated by the housing laws in NYC and the fact t...
Hi guys, maybe I can get some feedback here from the conservative landlords and/ or investor. I’ve been running Airbnb’s for several years now using sub-renting. (I rent out long-term and ask for permission to Airbnb,...
Hey there, homeowners looking to add an ADU! Gather 'round and let me regale you with the epic tale of our electrical upgrade adventure. It's a story filled with trenching, tricky licenses, and unexpected expenses. Bu...
A couple of weeks ago I saw an email in my box from a company offering to loan me hard money/private money . After speaking with them and giving them a brief description of my goals, they wanted me to send bank statem...
Act As If You Have Been There Before My Journey from Sweeping Floors to Flying in a Private Jet Act as if… Act as if you have been there before. Act as if you belong ...
Hello BP!
I'm a newbie investor who recently relocated to the Triangle area and am looking to get the ball rolling on my real estate investing career. I've yet to read anything or speak to anyone who didn't r...