Viron Hale
LLC and Banking account
Hello BP family,I just started my LLC and now looking into setting up a bank account. I'm going to use a local bank, my question do I need to set up a business bank account or can I set up a personal account for my LL...
Tyler Scanlon
CASE STUDY: Registered Nurse/ New investor advice, Orlando, FL
CASE STUDY:My wife and I are newly married. We both work full time as registered nurses in Orlando, FL, are looking to make our first investment purchase this year, and would like advice regarding our 10 year FI plan....
Garreton Smith
Courthouse Auction& BRRR w Hard Money
Hey Bigger Pocket Family, So I have a question I'm looking to buy a property through the Court House auction in my neighborhood. Now I have enough cash to put down the deposit to secure the winning bid. But I don't ha...
Paul Winka
1098 to borrower for S-D IRA interest?
I have a self-directed IRA. I collect interest on loans made out of that account. Does the custodian or I have the requirement to send a 1098 to the borrower? I should at least keep track of that and let the borrower ...
Warren Juall
Successful Appraisal Appeal
Hi BP,So as value has been appreciating, I figured I'd consider refinancing my 3-family and taking some cash out to use for other investments. After finding the right lender at a good rate (same as I got in 2017, surp...
Jan H.
Inter-spousal Title transfer prior to 1031 exchange in CA
I am planning to do a 1031 exchange with a property that is held in my wife's name. I need to transfer it to my own name as the new (target) property in the 1031 exchange would need to be on my name as it will be cont...
Todd Smith
syndications vs long term buy and hold
I curious what people think of syndication vs individual buy and hold. Thinking long-term, syndications are usually 3-9 years at most. This entails extras fees( everyone needs to be paid) and tax consequences - bot...
Raymond Berwick
How much should an investor get?
I’m looking to buy my first multi family. I think it would be best to have an investor. What is a fair percentage for the investor? I plan on finding the deals, doing any rehab that may need to be done, and managing t...
Steven Tawresey
Rental ads in Denver
Good evening everyone. I have owned a 4-plex near downtown Denver (Capital Hill) for 12 years now and I can count the number of vacant days I’ve had (not months) in all 12 years on one hand. But I’ve been working on r...
Paul Yun
Vancouver - Good Investment possible?
Considering the absurd housing prices in Vancouver, are there still "good" investments here? After much readings and previous forum discussions, 1% rule (even though it's just a yard stick) is definitely impossible to...