Christopher J Lemmon
Trouble with Title in a Tax Lien sale
BP,Does anyone has experience running into trouble getting title insurance on a property they purchased in a County Tax Auction. My business partner bought a SFR at a Wyandotte County KS tax sale. We have tried 5 diff...
Jesse Kindra
Self Directed IRA or Solo 401k
Hi BP Community,I could use some advise on options available for retirement accounts from past employers. I do have a few accounts available and I think it's fairly easy to rollover into a Self Directed IRA using a cu...
Ray Hernandez
Becoming A Short Term Lender?
I have some money to invest but just recently started thinking of being the "bank" instead. I've never looked into it so I don't know much about it from the lender's pov.All I know is I am interested in doing short te...
Yollan Kitsoukou
Here is my plan, tell me why it won’t work!
Hi all,I am new to real estate investing and new on BP. I purchased my first duplex last year, which cashflow $100. So I am currently living rent free with some extra cash in my pocket every month. I just find another...
Sean Harris
Pulling out 401k money for investing
During this whole Covid19 epidemic my 401k investment firm is offering that they will waive the early 15% penalty to pull out up to 100k with no payback. I know there will be taxes due in doing so but I have never see...
Sandy Uhlmann
Is dealer status avoided if real estate activity is done using a self directed IRA?
I recently set up a self directed IRA through Midatlantic. I was wondering if I use my self directed IRA money to wholesale properties, does that avoid the dreaded dealer status? One of the Midatlantic reps suggeste...
Joe Schultz
IRA OWNS RENTALS, NOW 59 1/2. CAN I NOW MIX FUNDS W/PERSONAL
I just turned 59 1/2 can I now take money out of my self-directed IRA (SEP) without any penalty?
If I do, does this require taking social security as retirement? Are there any consequences?Do I need to wait until I ...
Spencer Boerup
Are most investors calculating Cash on Cash Return wrong?
I'm a serial entrepreneur that has owned and successfully run multiple businesses over the last 13 years, one of which has landed on the Inc5000 two years in a row. Scaling a small business to turn out a healthy profi...
Michael Plaks
EXPLAINED: I started REI in 2021, what expenses can I deduct?
Here is the standard answer to all legal and tax questions: it depends. In this case, it really does. We have to start by answering 3 critical questions:
What kind of real estate business?Did it actually start in 202...
Stephanie Martinson
Creative ways around capital gains?
Hi everyone,There's an apartment building that fits my value-add criteria in my hometown, and I know the owner. He says he doesn't want to sell because capital gains tax will get him... I'm assuming he's leveraged th...