Michael Weis
Receiving 100k as a gift
Good Morning, I have someone who will be helping me get my journey started by gifting me 100k. I know they are responsible for tax forms on their end. What's the easiest way to receive the money? Is it as simple as...
Sean Woods
Next steps? Pay down mortgage for more equity or save separately?
Hello,I am very new to investing for my future. I previously thought that buying my house would propel me in the right direction but now I am realizing I would have much rather purchased a multi-family property with m...
Connor Mckelvey
First Deal - 8 Days to Close and my Lender is Dropping the Ball
Hi BP! My Name is Connor (long time lurker, first-time poster) and I'm just about to close on my first Investment property!I'm in a very frustrating situation with my lender and this noobie could really use some advic...
Michael O'Byrne
Accounting method, implications for rehabbers?
Hi All,
We just started a c-corp to take advantage of ROBS capability, and I'm doing some basic research on cash vs. accrual method for accounting. For a rehabbing business it may not make much difference du...
Alik Levin
HELOC interest deduction - New Tax Law
Dear all,What's the definitive answer - and preferably pointer to authoritative resource - regarding deductability of interest on HELOC with the passage of new Tax Law? I do realize that HELOC interest deduction now o...
Jose Quintana
what all if a seller agent hasn't submitted my offer.
Hello everyoneMy wife and I are looking to by our first house. It has been a hard one to say the least. Being out bid, sellers pulling house off market, etc. any way we recently found a home that we lived in Northern ...
Jesse M.
Where to stash cash for short term?
Howdy. I'm looking for recommendations on which vehicle I should use to stash some funds to be used at a later time. Let's say it's more than 10k but less than 200k. A friend suggested municipal bonds but I'm not sure...
Wesley C.
Where do you keep cash reserves?
There is no right or wrong answer to this question, but I would be interested to know where you guys keep short to medium term cash that you are holding between deals. That is to say, you sell a property and you have...
Richard Fields
Security deposits
Does anyone know if I need to open 3 separate accounts for my triplex tenants security deposits, or can I put all 3 into one account?
Ben Volkman
How do you Make Your Money Make Money?
Hey guys, I'm currently saving up for my first real estate purchase and looking for ways to expedite that process. Currently, we are putting our money into a basic savings account at 1.45% interest. Debating puttin...