Josh Ridgely
Noob question about refinancing
So I bought a house in January 2020(perfect timing I know). Bought it for $60k and did most of the rehab myself along with my wife. We have since moved and are going to be done with the house in around a weeks time. T...
Jarrod Johnson
Moving out of State - Become first time landlords or Sell?
Hello,My wife and I are relocating to another state, and we are considering a few scenarios that come with it. We are looking at a few options.1. Sell House2A. Rent 2B. Rent + Convert our detached building into a stu...
Christina R.
How to Conduct Business in 2 Family Owner occupied House - SMLLC
Hi all,I am in contract on a 2 family home in which i will live in one of the units and rent the other. I opened a single member LLC and have the contract in the LLC name with me personally guranteeing the loan, okaye...
Shalante Davis
Help!!! Selecting the Right Self Direct IRA
Hey BP,
I have been self employed for the past 3 years. I have been doing some research on IRAs, but at this point my eyes are starting to cross. I have a nice amount of money sitting multiple retirement plans from ...
Wade Fiegl
fire insurance claim and taxes
Here's my scenario: I had a primary residence I lived in for almost 10 yrs (2000-2010). I then converted it to a rental in 2010. My tenants had a house fire...total loss in Dec 2011. If I collect on insurance an a...
Allen Yeung
Need advice on what to do with my 1031 exchange
Hi all, I'm looking for some advice on what to do in my situation here. I'm currently selling my rental property (~$160K) in Largo, FL because my renter is moving out, HOA is increasing the prices and I'm out of state...
Michael L.
Ultimate Showdown: Flips v Rentals
My friend and I have been planning on starting a real estate investment company for the last 8-12 months. Researching, reading, making guides, listening to podcasts.The ultimate goal is to turn this into a full-time ...
Chris Hines
Owning a house during flip or being private lender with lien
My buddy and I started our own LLC to finance cash purchases of houses to flip. We are working with a local GC under the agreement that the profit from the flip will be split 50/50 with the GC and our company.My quest...
Yazeed A.
9-5 Job Experience Before Starting REI
Would love to hear some people's opinions and feedback about the following question:Do you think it is important to have prior job experience working a steady 9-5 before investing in real estate?
Subbu C.
Modular Development - Duplex to Quad
My first post and request you to guide/correct of anything that I didnt follow or may have missed :-) . I have bought and sold few investment properties in the past and currently holding couple of rentals. Raising h...