David Mcginnis
effect of UDFI on distributions
If my SIDRA (regular/untaxed contributions) pays UDFI tax, what happens to distributions from the IRA? Do I have to pay tax on that income again or do I now have basis in the IRA?Also, I think I understand that bonus ...
Jamie Dzierwa
business credit/ d and b questions
Hello all,
So I have been building my business credit the past 6 months.I've been working with a company that assists you in building business credit, and they send me my credit report monthly. As of now, I have a pa...
Dominique Ivey
Looking To Wholesale in Jacksonville, FL
Hi BP Family!I need you guys' assistance please...so, I've completed my business plan and will be getting my business license in a couple of weeks. I hope to start marketing soon after. I've been going to a few of the...
Guylaine Dore
Subvention technique?
Hello everyone!I am looking at a great house that needs a lot of work (this would be my personal house). Financing is the struggle.I heard about the subvention technique in Canada and would like to know if this is ap...
Samuel Norris III
Brainstorming Creatively: Needing Shared Wisdom
So I have been spending a lot of time of understanding several different financing techniques and the power of leverage. So here are the cards in my hands before playing...- I just have been working my current employe...
Alex Dimov
I am a 20 year old male, no idea where to start!
I am 20/m i have over 5k saved up, and no debt. I want to become a real estate agent but i have no idea where to even begin, or what to say if i am speaking to someone that can help me. i am not asking for anything m...
Kally Dobak
Basement not up to code
My boyfriend and I bought a house through new western acquisitions (wholesaler company) for our first rehab. Bad idea # 1, anyways we got the property in a great area of town and had to close in 3 days, so we were not...
Lori L Miller
Seeking guidance my 1st house-hack with Debt-To-Income challenges
First, I want to say how grateful I am for all the expertise here in this forum! Thank you in advance for any input you can add.
I want to purchase my first ever property, a 4 plex. My initial plan was to first p...
Christopher Lynch
How to evaluate income property for house hacking
Hi all,I wanted to get some clarification on what rules you are using to evaluate a house hack. My goal is to buy a multi-unit property I can live in rent free. What metrics are you using? I have heard some people use...
Ben Capriolo
Looking to buy and landlord is looking to sell
Hello,So my year lease is coming to an end at the end of January 2020. I have now decided I would really like to own my own home, which I plan to eventually turn into my first investment/rental property. So I'm going ...