Rod Krause
Hire a tax pro.. but in which state?
I live in California and own a rental property in Georgia. In California I work in IT and that's where most of my income currently comes from (W2). I am also a licensed real estate agent in CA and occasionally have in...
Karen Lee
Exit Strategy for IRA Owned Property?
A few years ago, I went self-directed on my IRA and purchased investment property with it. So far so good. But, what can I expect when I reach retirement age? Will the IRS want to review my records, purchase history, ...
Kyle Mitchell
Seller will not provide bank statements in due diligence
Hi everyone,Has anyone come across the seller not providing bank statements during due diligence? Is this a red flag or something that is common? Just looking to see how hard I should be pushing on this issue.Thanks...
Hemender Devangan
Should I sell my investment house or not
Hello,I am in dilemma about my investment house whether I should keep it or sell it.I bought a house in Austin area in 2007 for $310k which includes down payment, closing cost. Lived in that house till end of 2008 the...
India Campbell
Attorney & Accountant Recommendation
Hello, I need a recommendation for a real estate attorney and accountant in the Atlanta area (Alpharetta preferred). Any recommendations? I'm trying to setup up tax strategy and determine what type of LLC to setup.
Jacob Wilson
Banking Software + Organization Recommendations?
Hi BP Community,Working towards closing my first deal soon and wanted to make sure I have all my logistics in order as I near that date. I'm planning to have a separate bank account/accounts for my entire portfolio, j...
Account Closed
Are retirement accounts liquid reserves?
I will qualify for the loan if retirement funds will be considered for equity and liquidity.
"List all forms of liquid assets such as personal and business cash, property accounts, marketable securities, 401K...
Justin Goodin
What happens after I invest in a real estate syndication?
So, you’re sure you want to invest in a real estate syndication, you do your research, and you lock in a deal. Now what?
After you’ve sent in your funds for a real estate syndication deal, your active participation ...
Rodney Buford
Pulling $100K out Retirement account for Rental Properties-COVID
Good morning BP'ers,I hope this doesn't come across as a dumb question but I am really struggling with this decision. Due to COVID-19 my W-2 income has taken a 15% decrease for an undetermined amount of time. My wif...
Account Closed
Getting Ready to Take the First Step... Need Advice
Ok, so I am graduating this May and begin working 5 days after I walk. I will be working in Greenville, SC where I want to begin my investing career as well. With that being said I have little time to find an apart...