Marcus Johnson
Dave Ramsey is a Genius now
I've been a hardcore follower of Dave Ramsey and have done his Debt Snowball in the past and it was very rewarding. The problem was that I started to veer in the past 4 years and take on more debt such as buying a La...
Edita D.
Tenant owes us 3700$ with intention to file for bankruptcy.
Hey there guys!We forwarded 3700$ balance due to our former tenant, however most likely tenant won't pay as he mentioned on the phone he will be filing for bankruptcy. Our property is located in Lubbock, TX and tenant...
Chase Keller
1614 & 1620 E Grand Ave, Des Moines, IA
Investment Info:
Small multi-family (2-4 units) commercial investment investment.
Purchase price: $535,000
Investment
William Sumnicht
IRS rules - Pairing a 1031x with BRR and a mortgage partner?
Hi all,I have this combo-strategy dreamt up, and I'm curious if anyone (especially tax or 1031 experts) has insights or opinions as to whether or not the IRS would drop kick this right out as taxable boot in a 1031.*D...
Eric Armstrong
BRR and then line of credit or refi with a mortgage?
Interested to hear your thoughts. Purchase a rental with cash/private money, fix, rent and then refi out with a mortgage or get a line of credit on the property? Personal name or LLC?
Mortgage route -
Pros - bette...
Gabe L.
HELOC or HEL to BRR and cash out refinance our rental property
Hey guys, I am fairly new to BP. My business partner and I have been trying to educate ourselves and soak up all the info we can from posters to begin our business on a good note. Let me preface by saying that our s...
Amos Raymond
BRRRR or BRR & RR until a better interest rate comes around?
Hey Bigger Pockets Fam!My partner and I have successfully used the BRRRR method gaining us 5 doors in the last 5 years. However, last project (3BR-2BA, 1700 sq ft) has posed a dilemma. In short, we went over budget on...
Account Closed
Home sellers would no longer be forced to pay up to 6 percent commission to agents
American homeowners could see a significant drop in the cost of selling their homes after a real estate trade group agreed to a landmark deal that will eliminate a bedrock of the industry, the 6 percent sales commissi...
Account Closed
14 year old looking to build capital
Hi everyone, my name is Michael I'm 14 years old and I live in westchester county in New York. I want to start some sort of llc or other corporations so I can sign contracts and invest in real estate before I'm 18, wh...
Scott V.
Just put a deposit on a sports car. Am I a complete dummy here?
I'm totally prepared to get my ass grilled based on the title of this thread but that's fine. Please share your honest opinions. Here is the situation:
- I'm a complete car nut. I spend a lot of my free time research...