Solomon Burns
Condo In Hawaii for Air Bnb
Hello,Just running this through for some opinions…I live in Northern California and I know it’s Covid and all but we’ve been thinking about getting into vacation property. We recently purchased a property in Napa and ...
Account Closed
Withdrawing money from a mutual fund to purchase real estate.
I hope this is the correct forum to post this question. I currently have a mutual fund account with around 25k that I would like to use towards the purchase on an investment property. Long story short, my parents set ...
Account Closed
Purchasing Property Before LLC Finalized
Hi BP folks! My partner and I are purchasing our first investment property and we're at the point where we have the capital to make a move on whatever property best aligns with our interests. We're purchasing a non-co...
Shiloh Cunningham
Pains of Coronavirus While Flipping
Hey BP, just wanted to go over a couple pain points I am having with my flip during the Coronavirus period and see what others are experiencing as well. Luckily, It is not affecting too much for me, but there are some...
Daisy Hawkins
Do I run the risk of exposing my anonymity by transferring from personal name to LLC?
I purchased an investment home under my personal name as my LLC had not been established yet, now wanting to transfer to my LLC. My concern is exposing my anonymity and other property attached to my LLC since there wi...
John Blythe
Another LLC Discussion: Mortgage company won't allow move
Hi everyone.I got a property with hard money, rehabbed, and then refi'd out using Quicken Loans. In the mist of trying to get out as quickly as possible before our hard money payments hit (they gave us 3 mo. period to...
Alan Diamond
Rollover 401k in NY
Hi Everyone,I have enough in a older 401k from a previous employer. I would like to transfer this to a self directed IRA to use for the downpayment on another rental house. Are there any NY specific concerns or impa...
Frank M.
Self Directed IRA Tax reporting?
For my current rental property, I file a Schedule E each year. And I have to track all expenses and income to do so.
Once I set up and fund an SDIRA via transfer from a regular IRA, what are the reporting req...
Kent Johnson
Question about foreclosing on a purchased mortgage
An older gentleman I know owns a mortgage and wants to sell it. The occupant has become a problem and is way behind on payments. If he sells the mortgage will the buyer be able to foreclose immediately? The gentlem...
Robert Fisher
Share Ownership with IRA?
Dear shared wisdom of BP,I'd obviously like to talk to my attorney and account before I do anything, but I thought I'd ask the question before potentially wasting my time (and money) talking to them.I'm going to check...