Dan Barman
Borrowing Against an IRA???
I've been hearing some murmurs lately about people using their IRAs as collateral (?) to "borrow" funds to use for down payments / rehab financing for real estate projects. A family member of mine passed away a few ye...
Jeff S.
Budgets in LLC
Do any of you do budgets and financial statements annualy with an annual meeting for your LLC's?
Am setting up an area specific LLC and will transfer a property into it. Looking for feedback on how far you go with sm...
Ian Russell
Potentially selling a property advice on using profit to pay off
Just looking for a bit of advice as I have found some really intelligent answers in this forum before. I have a house in San Jose, California that I am contemplating selling and need to figure out the best use of th...
James De Stefano
Here's what 2 months of estimates and work looks like for Foundation Repair & floors
Some of the more seasoned vets here know all about foundation repair, but for thought this could be helpful for anyone starting out. 60 seconds background:Houston is essentially built up on a swamp, couple that with ...
Tanaya Fisher
Water/Damages to Tenant Belongings
Hey All I posted about this in another thread, however I now have all the details in order. I’m still fairly new to being a landlord and I just would love some advice on how I should approach this in the best possible...
Ashley Pimsner
The Portfolio loan myth
Hello BP nation, I just got a great 3 flat in Chicago under contract built in 2008 and fully occupied throwing off almost 2k a month cash (DCR>2) flow after PITI based on a 20 year am fixed at 4.625 with a 25% DP f...
Brannon Hamby
On market, deal or no deal?
My wife and I are newer to the leverage game and would love your feedback on this mls listing, as we’re trying to satisfy 1031 in 3 weeks.
-Duplex listed for $345K (two 3/1’s with yard .38 acre)
-Now under contract f...
Ken Sanders
LLC owns my primary residence -- $250k exemption apply???
I have a single-member LLC that owns a residential property. The property is my personal primary residence. If I sell my house in, say, 3 years, am I still eligible for the $250k exemption?
Dustin Smith
Hard Money for Purchase Only?
Hey all,Thanks in advance for the insight. I'm looking at a retirement community that I want to turn into a 5 plex. The list price on the property is $220k, but I know he may be willing to accept as low as $165k as he...
Daniel Paloscio
Newbie Foreclosure Help in Florida
Does anyone know about foreclosure auctions in Pinellas County? I'm looking at a property in Seminole FL and I was wondering what I can do to search for title issues myself. A title company will charge me $75 but I...