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I am closing on my first investment property a duplex in St Louis MO in about a month. I am using a VA loan and I am required to live in on of the units. One unit is month to month and has been for 6 years, the other...
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Hey BP Nation,
So I have a few rentals under my belt using the traditional method (with either conventional or FHA financing) by finding deals on the MLS. However, I really want to learn the skills of deal finding/ge...
This is more of an Accounting question but the REI aspect of it does warrant discussion IMHO. I have a sizeable 401(k) that I would like to take a distribution on so that I can use it as after tax dollars in order to ...
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Hello,
I want to bid on a Fannie Mae REO located in MA. I asked a buyer's agent for a copy of condominium bylaws and a statement of financial condition. She responded "These docs are usually passed along after your...
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I have a commercial rental unit that I showed to, and have been in discussion with, a regional sales rep of a large corp who is needing some warehouse space. I am a small minnow in the ocean of commercial property and...
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There are always posts about whether or not a recession is coming, or whether or not someone should wait for one to invest. Instead of that question, I’ll ask .... do you want a recession to occur in the next 12 month...
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After meeting with my CPA today, and going through a number of back posts from the BP forums, I'm interested in hearing more about how the IRS oversees the balance between S-Corporation compensation versus flow-throug...
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Tax structure considerations for Canadians and US foreigners in general can be quite confusing. On the one hand, the mentor courses / boot camps / common advice (including many here on BP) is to just set up an LLC but...
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Good evening,
I am new in this great adventure of flipping homes and I need some guidance.
I am looking to start with one home at the time using a “limited†budget. I am thinking about buying an existing rehab for...
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Hello everyone, I go by Eris. I own a franchise business for almost 3 years now. Recently, I've had a tough time working with people. I know part of it is my problem but I don't know how wrong I am. People keep saying...