Tony Hightower
401K Roth conversion .... Solo option
I currently have a 401k with my employer with a mid 100's balance. I also have the ability, self employment, to open a solo401k with the intention of eventually rolling over my employer balance if I retire or forced t...
Bab Adetiba
24 unit apt complex Class C
16 (2/2) and 8 (1/1) units. I'm very familiar with the areaFrom P and LGross income: $145,000Gross expense: $53,000NOI: $92,000Asking $1,000,000Weird expenses are $0 for landscaping and $90 monthly for electric. That ...
Bryan Hancock
Salary/Dividend Split In Texas - Married Filing Separately
I am in the process of setting up a new entity in Texas that will replace my old operations entity that I've been using for the last 14 years. I'm engaged to what will be my 2nd wife after a lengthy and somewhat cont...
Austin Noon
Accounting features I will actually use?
I am in the process of selecting PM software to manage 7 units. I am mainly looking at accounting features currently to replace the income tracking I do on Excel. I have done demos for DoorLoop and AppFolio and they b...
James Syed
Multifamily Florida
Hello BP Members, In south & central Florida, what cities will you give a good cash flow (minimum $100 per door)? Multifamily properties (4 units or larger) to be specific. Thank you.
Account Closed
How do I protect myself if I lend money to an investor?
Considering a personal loan to an individual for a real estate investment. The request is a loan with an interest of 12.5% paid annually x 2 years. After two years the initial loan amount is returned. Seems straight f...
Craig Garrow
Using cash flow from rentals to fund IRA?
Just wanted to see what everybody's thoughts were. I'm working on a deal right now on a second rental property that if I complete it, I'm looking at around $1,100 per month in cash flow after expenses. My thought is t...
Giedrius C.
Passive investor in flipping and self employment tax
I will be a passive investor who will finance the flip and my partner will do all the work and we will split profits according to our agreement.My preferable way would be to buy it in the name of the LLC I own 100%, m...
John Semioli
Refinance Options for STR when loan-to-value ratio (LTV) isn't enough
Hello, community! I’m looking for advice on refinancing a STR property in Pennsylvania. About a year ago, I took out a mortgage and recently added significant value to the house. However, I’m hitting a roadblock wit...
Samantha A.
How do you get multiple mortgages with BRRRR?
I'm curious about using the BRRRR method and how the bank preapproves an investor with multiple mortgages. When you're ready to purchase additional properties - how do you get approved for the additional debt with you...