Derek Smith
1099 to investor / partner
Hi all, I have a question hopefully someone with some expertise may be willing to help with? Should I 1099 an investor for only the profit or should I 1099 for the initial investment and the profits?Back story... A fa...
Sean Cavanaugh
Bank of America didn't approve us for refi!!!!
Evening professionalsNeed some answers! I purchaced a primary residence on 2004 at the high of bubble for 385,000 in RI. We put down 80,000 down payment and financed 305,000. 2 yrs later we got a 2nd mortgage out arou...
Account Closed
Crowd Funding Problems in Paradise
I read all the posts on crowdfunding and decided to take the plunge about 6 months ago.I made the minimum investment of $5000 on a small fix and flip in Jersey .It was to pay 12% and the builder would pay back princip...
Justin Young
REI may have to take the backseat. Help needed!
Aloha BP!I'm unsure of whether I should go forward with my decision but I figured that I would post it here on BP because I value the opinions and feedback from the BP members here tremendously. So here is my story.My...
Laurie Snyder
HELOC on investment property.
Has anyone gotten approved for a HELOC on their investment properties and if so with who?
Mike Levene
Most efficient source to pull funds from for a down payment?
I currently own 3 units and looking to add to my portfolio in late spring/early summer of 2025. I'll be in the market for a duplex/triplex in the $400k range that I will owner occupy and use a 5% down loan. I have som...
Mindy Jensen
Tips for Avoiding a Lending Scam
BiggerPockets is a great place to come learn about real estate and network with other investors. Our members run the entire spectrum, from newbie to expert, wholesalers, flippers, landlords, and professionals like att...
Clayton Hepler
Infinite Banking, Is it cut out to what it is said to be?
Does anyone have serious experience with using the Infinite Banking Concept or Bank on yourself concept to invest in real estate? The only people I talk to that love it are trying to sell me policies.I am having diffi...
Josh Calcanis
Life Insurance as Financing?
BP,I was speaking with a friend of mine who recently began working for a financial group. She mentioned that she had a few clients that had use their overfunded life insurance policy as financing for a deal. Basically...
Cheryl J McGrath
Newbie to Real Estate investing
Hello all you lovely people. Newbie Cheryl here again with a question.
Can someone tell me, I've been dealing with private investors with personal cash to invest. What's their procedure on a normal basis? I do my...