Self-directed IRA is an amazing way to take tax-deferred advantage of the cash I have piled up in my 401k, and funnel it into real estate. I intend to take the plunge immediately, but there are so many providers out t...
Hey All,I plan on purchasing my first property by the end of the year and I'm thinking about how to most effectively use my funds/savings for a down payment (about 20-25K).I amassed a small 401K balance with my previo...
I am interested in knowing what members (investors) think about "IRA/LLC or Checkbook IRA" and the best institutions in the business they have dealt with in the past. Much of the information out there are from the ins...
Hey all,I'm finally at the point where I'm going to file for my LLC. There will be four members (all close family) involved. I'm in Illinois and the cost to fill out the paperwork myself is $500. My CPA will do it for...
The planning department says that once ADUs are installed, none of the units on the property can be rented for less than 30 days. There was only one unit out of 5 that I wanted to rent out short term (my own when I'm ...
I have had a rolled over IRA invested in mutual funds for the last 10 years and am interested in diversifying my portfolio with real estate. There is roughly $60k in the account. Is this possible without penalty?
So we are almost done our lower unit reno. I'm going to tackle the floor, I've sanded it down and will be applying a light stain. I refinish furniture and mainly use a sponge to apply the stain. Any tips/tricks to app...
Can anyone give me some advice on Tenant Screening for Mobile Home Parks? Is it any different in your experience than SFH or Apartment? Thinking of charging an application fee to weed out some people, but I'm not sure...
Looking for your opinion ... I've been using the same background/credit screening company for years and it's time to end the relationship. I'd like to have complete criminal history (county level), eviction, and comp...
Hi BP community! Newbie here. We are preparing to list our current home for rent and become landlords. This will be our first investment property. I'm a little overwhelmed on where to list and where to screen and the ...