Andrew Royce
My thoughts, strategy, and plan for the future!
Have lurked on BP for quite a while now, and finally thought I would share my thoughts, strategy, and overall plan on the future. Any advice, feedback positive or negative is appreciated!I've always considered myself ...
Alida Rwabalinda
Can I buy a rental with a relative through a self-directed IRA?
Hello everyone!I have been consuming all the great info from biggerpockets for 18months now but this is my very first post and I am excited to get insights, suggestions and particularly legal advice for my situation.I...
Ty Gordon
Approaching banks in early stages
I’m looking to dive into real estate in the next couple months, probably via fix and flips. My starting liquid funds are about 100k cash, 150k HELOC, and 250k in a self directed IRA. I’d like to form a partnership wit...
Jonathan Roberts
Vacancy, Repairs, and CapEx monies
Curious what to do with the Vacancy, Repairs, and CapEx monies you withhold/save from rentals? Seems that one would want it readily available when the need arises, but also put the money to work as well. What do you d...
Clay Sellers
SDIRA questions for a newbie.
I have some money sitting in a 401k account from a job I left about a year ago, not much, about $20K. I can roll that over to an SDIRA, correct?Does it matter what strategy you use (Fix & Flip, Buy & Hold, BRR...
Matthew Jones
1st Purchase solely for rental
I'm looking to sign a contract on a property next week. This will be my first rental property solely for rental purposes. I have one rental which was a primary residence, and we became landlords when we needed to move...
Luke Trengrove
HELOC to BRRRR South Jersey
Hello, I already own a home , I believe I have about 120k equity and have my eyes on possible BRRRR opportunity. I have a few questions and looking for advice . I called and set an appointment to apply for HELOC with ...
Leslie Yates
1031 Exchang with mortgage payoff and no new mortgage
! We are listing our rental duplex for sale and plan to do a 1031 Exchange into a REIT. We still have a small mortgage on the property but obviously won’t have one on the REIT so my question is this: If we wait and l...
Thomas P.
Situation
I purchased an old two family in a great neighborhood with large property for its location (NYC). My plan was to rent it out for 3 years and begin to rehab it and make it a single family home. I currently rent both un...
Jeff Adema
Financing Advice
Would love anyone's feedback on the following scenario:My wife and I own a few single family home rentals. We plan on selling one and doing a 1031 for about $70K equity from one of those homes and utilizing that to fu...