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Hi everyone,I’ve had the hardest time figuring out if 1099 independent contractors working as real estate agents qualify to get money from the government under the disaster sba forgivable loans. It seems that we do, b...
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With the CARES Act and the ability to withdraw 100% of my 401k without penalty I am very close to pulling it out as a loan to myself. This way I essentially have 3 years to pay it back and when done it still grows. Wh...
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I bought my condo in 2008. It included two parking stalls. Three years ago the city and county dept of planning and permitting deemed one of my parking stalls as illegal because it is blocking a walkway and fire hose ...
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Here it is:
Purchasing 7plex with 6 garages for 195k. Located in historical district of Cedar Rapids surrounded by mostly commercial property and a brand new medical facility.
Bank is lending 177,600 an...
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Last night the appraisal came in ahead of my first deal. The property was valued at $153,000. My offer was $178,000. The 2010 appraised value was $172,000; rent has increased and they've made improvements to the pr...
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I have a single family rental under contract. During the inspection period, I had an electrician look at the home because it has aluminum wiring. He said it wasn’t up to code and potentially hazardous due to improper ...
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We just completed taxes for 2020 and with cost segregation study for one property we were able to write off $640k in depreciation for 2020. We paid $1.97M for this property and closed in 4th Qtr 2020. With our structu...
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Just wanted to introduce myself here! I've been lurking, reading, planning and cannot say enough about how impressed I am with BP, the information available and most importantly- how genuinely everyone on here wants e...
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Hello Everyone,
So I really wanted to know people's opinion on this topic. It's really about what I should do.
I have a significant amount of student loans. Really talking about $120k of it at about 8%. I also s...
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Hi,
I ran across a property that I initially thought would be a lease option. The house is extremely nice 4300s/f house in a great neighborhood and the retail prices $360K. They seller decided at the last second of...