Jacob Prelle
I have 100k. What should I do?
After a year of vague forum posts, let's get personal.My wife and I have 100K. No debt. We rent a townhouse, at $1,700 a month in Orange County, California. Currently we make a combined $160k.Our end goal is to have r...
Charlie Kleindinst
Airbnb or tenant in my first duplex?
I've been qualified on an FHA loan for my first multifamily. 3.5% down. I'm going the house hacking route where I live in one side and rent out the other side on a duplex. Now I've stumbled across a blog on here not t...
Vlad Kuzin
LLC and Payroll Questions
There are hundreds of topics on this forum regarding tax strategy for LLC. When I talked to my CPA, they explained if I will classify my company with IRS as S Corp, then I will be avoiding paying self-employment t...
Chris Mackinlay
Creative Financing help
Greetings! I have spoken with a lender who says it is possible to use 401k money to fund a home purchase. Spoke to my 401k custodian and they weren't sure of the exact details of doing that. I'll need to look at all t...
Vera Herlihy
definition of a couple of key terms I see over and over
Hi guys. I keep seeing to things and not sure what they mean. The phrase loan to value and cap rate. Can someone help? I searched for these terms and couldn't find them. Thanks,vera
Mallory Healea
Value-add of a Driveway?
We have a MTR that we received a zoning notice on from the city. They believed we were operating a STR. We are considering a STR option for this property for the summer months due to its proximity to the beach. The sn...
Jonathan Valdes
Mortgage Denies my loan
Hey BP!!!So I’ve had this amazing duplex under contract since May 2019. All parties are ready to close. My lender is now telling me they will not give me the loan to purchase the house. Their reasoning behind is I “do...
Jason Deck
Buy and hold in an IRA - Pros and Cons
Does anyone have experience holding property from a self-directed IRA? I am trying to get a handle on what is possible, and the pros and cons? For example, can I use IRA funds for a down payment, or must I make an o...
Bryan H.
Eat the $100k tax on $400k sale?
I have a 1br condo in prime Dupont Circle neighborhood of Washington DC, - owned it for 27 years - could list it for $425k. Fully depreciated so $100k tax bill due at sale. It was long overdue for full renovation, ...
Tami R.
New Flippers
My fiance and I have twin boys and two other kids. We have a wonderful house of our own and we both have great jobs. Dan is the owner of a successful construction company and I am in marketing.
We bought this small h...