Eli Kallison
Note Funds for Unaccredited Investors
Hey BP,I've read that these exist, but have not been able to connect with any note fund managers that will accept unaccredited investorsCan anyone point me in the right direction? Any information would be much appreci...
Armand Farr
Tax filings with properties in and out of LLCs in Houston, TX
Hi BP - need your help with this situation (our properties are in Houston, TX if that matters):
- Properties A and B: Both were held by three partners in our own names individually (never held in an LLC)
- Property ...
Kevin Allen
Cares act 401k question
My wife has been out of work due to the virus. She has a hair salon which has been forced to close down during the pandemic. Does anyone know if I will be able to wave the 10% early withdrawal fee if I take a distri...
Sarah Sparks
Using 401K for downpayment
I'm looking to use retirement money for downpayment on a multifamily, but taking it out early I will lose 10K. Looking for unique way to not lose so much or put immediately into something to pay less taxes.
Lionel Quiambao
MTRs and Shared Space Accountability
For individual deposits with regards to renting by the room, I’ve heard advice on various BP posts that you should split up responsibility for damage to the shared spaces. For example, if there are 4 bedrooms, each te...
Trevor Hatchard
Corona Related Distribution (401K Distrubtion)
Hey y'all,
Looking for any help and advice with this process, I want to use my 401K Schwabb from my previous employer and reinvest it into a multifamily property in southern california. I understand this takes creati...
Tim Flood
Borrowing Money to Buy Raw Land
I own a small company that buys and sells raw, vacant, rural land. For 4 years, we've bought and sold, exclusively for cash. We're scaling up our business and want to utilize OPM to help us scale. I had an informative...
Maurice Whyte
Looking for Core Member Referrals!!!!!
Hey Folks ,Trying to get this REI business off the ground. Looking for solid individuals to work with. If anyone is willing to drop any referrals for a Real Estate attorney, Closing agent/ Title Company, Handyman or C...
Stephen Franco
Tax deed deals and lending in PA
I do tax sales in PA. Judicial sales. Doubling my money. It's fun.Going to start hard money lending to people facing tax sale. Win/win as I see it .... win if they pay me off and I get my interest, win (since I do m...
Haickel Padron
Reporting 3 flat in Taxes
Hello everyone,I have a question in relation to reporting a 3 flat or 3 unit that I have in Chicago in the taxes. I still need to create my LLC but as of today the question is the following.How should I report the 3 f...