Kelly Byrd
Seeking advice: should proof of funds letter show "just enough?"
My wife and I are making offers in an effort to get our first deal. Where it makes sense, we are making cash offers and offering to close faster to get a better price. Unsurprisingly, our agent is asking us to provide...
Wes Pracht
Terminating Loan, Am I being scammed?
We were supposed to close on a house just before Thanksgiving. Fast forward to today and we are terminating our loan and escrow. It was a Homepath properties (foreclosure) that we were going to get a rehab loan on.We ...
Michael Bertrand
First Four plex Investment
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $335,000
Cash invested: $92,000
Four-plex, nice neighborhood
What made you interested in investing...
Steven Hamilton II
For those looking for an accountant
I have to add a bit of a tax season rant so some of you understand. The ideal time to shop for an accountant is November and December. Not end of January through April. Please understand we are incredibly busy this t...
Wesley Myers
Tax question regarding write offs
In the process of getting our STR ready for next season to begin renting in March 2021. We’ve been spending quite a bit of money updating but I just realized we won’t be able to claim these expenses in 2021 when it’s ...
Account Closed
Cost Segregation Study for SFR's
Hi everyone - are there any economical solutions to cost seg studies for SFR's?Thanks, Jonny
Senad Salihovic
What Role Does Your 401k Play - Long Term Rentals
Hey everybodyI am wanting to know what role does your 401k play when it comes to investing. Do you use it as reserves when getting a loan? Do you still contribute to it?What benefits does it give when buying rentals? ...
Hjiorst Fjioords
More Self-Directed 401k: What kind of Bank Will Open One?
As mentioned in another post, I am doing my research about opening a self-directed Solo 401k. Sunwest Trust was mentioned here on Bigger Pockets as a no-frills option. I contacted them and ended up with another ques...
Soh Tanaka
How to receive rent in QuickBooks
I always used "Make Deposits" or "Create Invoices" to receive rent in QuickBooks, and it was all good. Now, for the reason I don't understand, when I create a report called "Transaction Detail by Account," (which is o...
Ayo F.
Equator System for Short sales
I am an investor who has no real estate license. I would like to negotiate my own BofA short sales. BofA requires that all properties be listed with an agent.
1) Does that mean that my offers have to be submitted by t...