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I just had a consultation with someone who has the following story. Classic example of a prohibited transaction. Sometimes I hear arguments against “checkbook control” that custodian is there to protect your IRA and p...
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Hi All!
Looking for some guidance/advice please. I would like to purchase rentals. I've set up an LLC and then went to the bank to talk about my plan and see what finance options I have. The bank tells me they won...
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Hello BP community. My fiancé and I need advice on deciding if we should sell or keep one of our properties in the Denver market. I'm still new to the real estate investing world so please forgive my ignorance in the ...
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I am currently in contract for 2 unit at 300k with 4k closing costs. . Each unit rents out for $1550 currently. Taxes are $3300 a year. Everything is good appraisal came back good. Only thing we are going back and for...
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My husband and I are ambitious, new investors. We bought a duplex, made a classic rookie-noob mistake and skipped the home inspection in order to close quickly. We also, didn't take into account how bad the neighborho...
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Please if you like to share, pretty please with a cherry on the top, do so only if you personally or your operations reflect this question, thank you:
"I know we all here share plenty of advice to stay away from cert...
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Hi All, Here's a scenario I would like some thinking power on.
Depending on the choices I make, at the end of this year I may have somewhere around $60K-90K to deploy. Also, at the end of the year, my situation shoul...
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In reading my 1993 fixed/adjustable mortgage note (5/1) I have the standard paragraph 11 "Uniform Secured Note" statement that can trigger a "due on sale" clause. It reads "If all or any part of the property or any in...
I have one paid off property and one that I owe 20000 on I want to pay the 20k off and then have two paid off property and then what would be my best strategy after that?
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Happy holidays BP Nation! What a great year this has been for me and my investing! I bought another SFH rental in May and bought a live-in Duplex in November. I wouldn't be where I'm at without the inspiration I've f...