Jason Varney
Writing offers when back taxes involved
Hi all,
I am looking to do some wholesaling and have come across a few properties where back taxes are owed. My question is, how do I write the offers? For example, if a house comes along where 5K in back taxes are o...
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...
Michael Delpier
Which is a better investment - San Mateo SFR vs. Houston SFR's
I have been looking at which is better, an appreciation market like San Mateo, CA, or a cash flow market like Houston, TX.So.... which is the better investment?? What are your thoughts?? What mistakes do you see belo...
Dan Durusky
Moving, sell or rent old house?
Hi all,
I know this gets asked a lot. I think I know the answer, but I'd like to run it by you all. We don't necessarily need to cash flow, we're just looking to leverage the 2.5% rate and hopefully benefit from appr...