Hello everyone! I know the criteria to be a RE Professional is 750 hours in RE and more hours in RE than any other job. My accountant told me that I need to spend 750 hours PER PROPERTY which does not make sense. H...
I realize there have been a few other posts regarding this but i didn't really find any of them useful.
I am to make the leap and buy my first property but am having a tough time deciding which software to go with f...
I’m considering cashing out my 401(k) and IRA funds to invest in more real estate and would appreciate any advice or insights on whether this idea is viable.
Current Financial Situation:
Significant savings in 401(k...
I've been seeking to sign many new leases for my growing restaurant chain. Largely due to a larger competitor ousting my bids (has a corporately guaranteed lease.) I'm running low on good opportunities to expand to. A...
looking into getting a dscr loan 80% ltv.$120k down paymentDebt service PITI will be $4600/mo Gross rents $11000/moratio of 2.39My credit is 750 Unless im missing something, i should be able to get a DSCR mortgage on...
I am looking to protect my assets (undeveloped land, primary residence, investment accounts) as I build my rental properties up. I can’t put the rental in an LLC as it’s already under loan backed by Fannie May.
I tho...
Hello,I have been reading up on self-directed IRA's and solo 401k's. I feel like I am starting to understand some of the details now, and have a tentative plan. I'm looking for any feedback/issues with it. Hopefully...
Hi all-Trying to nail down the numbers that the BP rental calculator is giving us. Specifically NOI. The NOI for this particular property is $8,484. Our annual cashflow after all expenses and accounting for vacancy an...
Here’s a strategy that I haven’t seen many (if anyone) talk about and I’m curious to see how the BP family would do it. Below are the benefits (I know of) that I can use:Please let me know if I’m missing anything. 4% ...
I need some help understanding home buying finances. A close family friend and I want to begin RE investing together. She has the cash and I have the ability to house hack and take out a loan. I was hoping to use her ...