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It was suggested that I take my RothIRA and put it in a custodial account and use it to purchase homes to flip? What do you think?
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Investment Info:
Single-family residence private money loan investment.
Purchase price: $55,000
Cash invested: $5,000
Sale price: $68,000
Used an equity loan from another property to purchase thi...
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Q: If I want to do multiple fix/flips and own several rentals, Should I have an LLC, and a separate S-Corp, with rentals in LLC, and Fix and Flips in S-Corp?Am a new REI, and plan to purchase several houses each month...
Hello all,so i just purchased my first 2 family house during this crisis, the values will obviously come down but thats ok I am not planning on selling. So i will be living in the upstiars and renting the other unit ...
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Chattel Lenders – 2016The availability of chattel lending has a direct impact on the profitability and the stability of communities. What follows is as comprehensive a list as is available of outside chattel lenders w...
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Hi! I'm Jennifer Stanley and I am thrilled to be learning so much about REI. As a licensed agent in CA, I am looking forward to building my own portfolio as well as helping others build theirs. My initial plan when...
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Hey All,I am in the process of closing on a house I have 2k tied up already. I have sent multiple bank statements that have been requested of me and recently it looks like they were able to view my account and see I d...
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The family development business is exploring the idea of doing a deal in Arizona (sunshine!), and curious who else in the BP network is doing Residential Development and/or Mobile Homes in the Southwest.
We would l...
Since I am new to investing in Real Estate. Is it a good idea to use the Equity in homes to purchase more?
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In today's competitive market where folks purchase homes with no contingencies with cash a lot of times.How hard is it when you are working with a client that will have home to sell contingency.