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Problems getting qualified from conventional lenders. I am baffled at the rationale but it has happened twice now.My overall picture is quite good I think. But the lenders are basing their decision on one very narrow ...
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July 2, 1776 was the day the resolution to become free from Great Britain’s royal crown was passed. Two days later, it was publicly read in Philadelphia’s union square. Thus, July 4th has been designated a national...
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Hello BiggerPockets.I'm pretty new to the real estate investing business. I do not currently own any properties. My aim in to obtain 2 rental properties in the next 12 months, and scale up as I go alone.The issue (a g...
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Hi guys,So I hear often (Robert Kiyosaki, Trump, other rich etc) pay zero taxes legally.Lets say Kiyosaki's business "Rich Dad, poor dad, educational LLC" made 100K.The same LLC went and bought a rental house for 100K...
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I purchased a duplex in Worcester, MA this September for nearly market value, since it’s a competitive market. Especially, at the age of 23 with a FHA loan. I got a unit rented out in November for S2,000 utilities inc...
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Hi everyone,Starting in May I'll be able to contribute to my day job's 401k; up to 3% will be fully matched and then 50 cents for the next 2% (I plan to fully max out). I will become fully vested I believe too. I do...
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Hey BP.I was wondering is there a way I can refinance 2 properties that I have which are both free and clear WITHOUT a job. I looked into a hard money loan which based off an individuals' assets in total and it is a 3...
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I am considering using Equity Trust to set up a self-directed IRA to purchase properties. Any advise? What are pros and cons or restrictions?
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What investment choices would you recommend to offset W2 income taxes? Let’s say we’re shooting for $50k tax saving per year. My wife is a real estate professional (we can deduct real estate depreciation) so a proper...
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Hello All:My partner (Realtor) and I plan to get into a 50-50 % partnership by pooling our individual financial resources to invest as equal partners in a Residential Rental Duplex. Background about JV:Acquisition Pri...