Christopher Abele
First Investment Property (SFH w/ questions!)
Me: $85k in 401k, $18k cash, $5k liquid investments (Robinhood). Credit score 780. Owe 100k on primary. Started the refi last week and will need $7k ish cash at time of close. ($3.5k or so is escrow which will be refu...
Corine Haener
Three way split - 2 contributing downpayment 1 taking on mortgage
I'm interested in getting feedback on this scenario:Three people go in on a partnership on a rental property. Person A contributes $30K to downpaymentPerson B contributes $40K to downpaymentPerson C takes on a mortgag...
Account Closed
Philosophy of how much to put in 401(k)?
Hey guys, this is a relatively simple question, and it may have been asked already numerous times, but I think with the new upcoming tax changes it may be worth considering again. Would you guys recommend that I max m...
Mark Yuschak
50% rule usefulness with rehab projects
I understand the 50% rule and have used a variant of it before becoming a member here.
However, my question goes to the next level... What is the appropriate valuation method of a property that needs some rehab work...
Eric Chase
Multiple, simultaneous options for Self-Directed IRA accounts?
Greetings BP gang!I only discovered SD-IRAs recently and I'm trying to get smart on their potential. My wife and I each have about $57K in our respective Roth IRAs. We're interested in pulling all these funds and usin...
Matt Wells
Has anyone done a 50/50 house flip partnership? Advice please!
The plan is for my partner to fund 100% of the home purchase, rehab, and holding costs and we split the profits 50/50. My team will find the deals, rehab, and sell the properties. I plan on repeating this process inde...
Tim Fitchet
New guy from Severna park md
hello everyone
My name is Tim from Severna park md I currently own 1 rental property (condo) . I would like to start rehabbing distressed homes for quick turn around also would like to get into land developme...
Joe Kim
1099 for contractors for buy/hold investor
I'm a PASSIVE buy and hold investor. I have property managers and I buy from turnkey providers.I want to barely look at my monthly statements and let my investment grow as passive as I can.That "passive" investing be...
Matt Pulkrabek
Open Door Capital and K1 Investment losses
My question is regarding passive real estate losses. I am a real agent and investor, therefore I am considered a "real estate professional" for tax purposes. With that being said, my accountant has always allowed ...
Wayne Hayward
Where should I Invest now that Florida is going down hill?
I am still looking for my first flip. Florida's RE market is in a freefall. Do I want to keep looking in my local market or should I consider out of state markets? I don't see the ability to make a profit in this mar...