Robert Burns
Prohibited Transactions in Self Directed IRA's
I need some input regarding a Self Directed IRA. If I bought a mobile home or other property through that IRA and collected the lease payments from a lease purchase agreement and paid the federal and state taxes woul...
Jason Meszaros
First time investor questions
Hi all, First time writing in the forums. I am 22 years old living in Barrie, ON Canada, just north of Toronto. I have been researching real estate investing for a little while now and it is something I have become in...
Doug Prahst
How to determine valuation of apartment building in Milwaukee
Hi,So, is there a formula to be used taking only rental income into consideration to determine the value of a property? I'm interested in a 12 unit complex that generates $93,600 annual gross income; taxes are $15,800...
Chad Oustalet
Thinking of going for the Real Estate Agent license
Thinking of pursuing my real estate agents license. I have purchased 1 SFR rental at this time. I currently work overseas in the Middle East on a varying rotational schedule with limited internet and communications ma...
Max Himmel
New Investor
Hello all. My name is Max Himmel and I am a new real estate investor in the Ann Arbor Michigan area. My goal is to generate a second source of passive income over the next twenty or so years. Ann Arbor is a big ...
Alia Abbasi
Help with ARV
Howdy BP!
I found a FSBO and am trying to figure out if it's a good investment. It's currently a big open space (house that was converted into a tortilla market). I am thinking of renovating it into a duplex,...
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New Guy From California
Hi, Timo here, I'm new to this investing thing although I've been researching it buying everyone's "how to" courses the past 5 to 10 years. California is an intimidating market for newbies like myself, everyone you k...
Melanie Baldridge
My opinion: 401K VS RE
Why I like investing in real estate more than 401(k)s.
Both offer tax deferrals, but here's the difference:
If you're making pre-tax contributions to your 401(k), then withdrawals = ordinary income tax.
With real e...
Lucien Perreault
Financing the next deal
Good Evening BiggerPockets,
Last year I bought my first major rental property with my VA loan in Roscoe Village, Chicago, IL. The property had already been rehabbed for the most part but was not fully occupied. I hav...
Matt Holmer
Fannie DTI ratio with new rental income
Quick question regarding DTI for a Fannie loan. As I understand that new rental income (less then 2 years) is calculated as:Gross rent * 75% - DITI = income added What I don't know is whether or not the DITI still cou...