Paul Han
Clarification on Fannie mae freddie mac 10 rule
I've google this topic and searched on forums and most posts seem old/outdated.Situation: I currently have 1 primary mortgage. I started a business 7 months ago so conventional lenders are all saying no due to requiri...
Kobe McDaniel
Document to secure Lending
Hello BP, What kind of document would you create to show banks/lenders/potential investors your business plan in order to better secure funding? Examples would be much appreciated. Thanks
Luis Baumeier
My tax advisor says I am defining my business wrongly.
I called my tax advisor to ask how to use my business credit card. She is my wife's aunt and is not a CPA, but has being preparing taxes for the whole family for years and for other people, including some LLCs. I was...
Debb Childs
Buying house investments with Roth IRA
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?
Jenna Olivieri
Property Management Compensation in NJ & PA
I have been a Property Manager and Realtor for 5 years now paid by a salary in NJ & PA. I have been offered an opportunity to launch property management for a brokerage from scratch. I have asked for a salary &...
Matt Rhoney
Short-Term Capital Gains - Regular Income?
I have a quick question as to how the short-term gains are taxed (ie tax bracket). I've flipped a 2 properties under my LLC this year (outside of my regular W-2) and trying to get an understanding of what to expect.
Maggie Nickerson
Purchasing an existing LLC
Good morning fellow BP's,When purchasing a property that is owned by the LLC how do you, as the buyer protect yourself from prior leans or debt taken on by the current member (seller) I'm considering purchasing an i...
Jacob Ramsey
Need help understanding my financing options for first rental property
A partner and I would like to purchase a residential multi-family property this year. Most likely this would be a duplex or triplex. In the areas that we are looking at, the property purchase price would be under 200K...
Ivan Shao
Use business loan to invest - TAX Question
Hello, BP!!I anticipate to obtain $100k business loan from my own business early 2017. I would like to use it as down payment for upcoming investment property; and pay out the premium and interest of the business lo...
Tan Johnson
get good deals from wholesalers
Hello, I am based in Houston, tx and I am a flipper looking to purchase some good deals from wholesalers. I am not interested in properties to buy and hold, I want to flip properties with a decent amount of equity. ...