Something that is not commonly preached in rehabbing and I feel it should be stated more frequently to the less experienced REIs is when looking at a property to rehab and budgeting, you allow the property to set the ...
I believe in the BURR strategy. However, when you acquire investment properties, would it be best to complete the initial acquisition in your personal name rather than the LLC if the plan is to refinance or attempt to...
I'll set the context of my question: I am 27 yr old self-employed individual with no IRA or 401K currently in place.I've heard self-directed IRA's explained and I can definitely see the benefit to someone who already ...
I'm about to set up an LLC to purchase my first out of state rental property.
Then I read some forum posts saying that an LLC based in one state & operating rentals in another has to register as a foreign...
As I grow more educated in the area of personal finance and investing, I am realizing that the $$ sitting in my 401k could be doing much more for me. I am 36, $140K fully vested in my company 401k. I do have other s...
Hello BP family. Any thoughts on obtaining mortgage loan insurance? not property insurance, but insurance that would cover the balance of the loan in case you lose your life and you do not want your family to incur th...
I am having a hard time finding if IRS has rules if there is a time limit (purchase to in service date) on what can be deducted.
Scenario - STR home purchased in August 2023. working on home to set up for STR Augu...
My wife and I are planning to rent out an older airstream in the Hill Country of Texas (between San Antonio and Austin) with views of mountains or on a river (prime location). Year round rental targeted couple's getaw...
Hi All,
I just purchased a nonperforming note in 2nd position on a nice home in Los Angeles. The first is performing and listed with Chase. There is equity in the property even with both the first and my seco...
Hello BP Community,I am looking to do my first property flip, but am needing to get a little creative on the financing side due to minimal cash on hand. Although my liquidity is limited, I do have a decent amount of c...