Account Closed
What to do with excess cash
Hi everyone! I’m new to BP and excited to learn from all you experts!
I have 250k cash in checking and am self employed and bring in 40k a month from this specific business. 30k of it goes to my financial advisor and...
Daren Jones
Mobile Home Park Financing
I lost my bank...they had a cease and desist issued by the FDIC for lending out of area. I have several commercial loans on several different types of properties with this bank and all of a sudden, done. No more lendi...
Nicole Bernshaw
Is education cost a tax deductible business expense?
I just joined BiggerPockets. In my previous life, I was a biotech researcher. Then, I worked for a tax company for 10 seasons until I retired from the workforce. I do not have all the answers to tax questions, though,...
Jennifer Umbaugh
URGENT: Self-direct IRA to loan money to LLC where I am sole MM
URGENT QUESTION. House under contract, two weeks to commit. Can I set up a self-directed IRA to loan money to an LLC in which I am the sole managing member? The LLC Purchases homes, renovates them, then resells them....
Account Closed
HOA dues - to hold in escrow until they follow their own rules?
Okay I have searched the topic of HOAs and some of the lousy stunts that are pulled. Well I now have one of my own. I recently purchased a town home with an HOA. I have tried to contact them by email and phone with...
James Chung
Medical Marijuana Dispensary & Crime
Hi I was wondering if anyone has experience with Medical Marijuana Dispensaries. We have received numerous requests by potential tenants to open dispensaries in our properties. Has anyone seen an uptick in crime in ...
Shawn Crawley
Taxes
So I've heard wholesaling is treated like earned income for taxes. So whats the best method to keep records in order to be prepared (separate accounts) for next tax year? Is it any tricks to do to have this money trea...
David Worker
Springfield IL Landlord Association Meeting 3/12
Come to the Springfield, IL landlord meeting tomorrow! It’s held at Donnie B’s (by Target). Meet and greet starts at 5:30 and the meeting begins at 7. Below is copy of the email with meeting details, sent out by the c...
Anthony Kondor
How can I get the downpayment
How can I get the down-payment to buy an apartment building? I need 20,000 as a down payment to buy the building. The price of the building is 120,000. is there any finance companies that can lend money in Illinois.
Mark Silvernale
Newbie looking for a CPA in Michigan
Hello all, I am just starting out in the REI world and I am looking for recommendations for a CPA who is knowledgable in real estate investing. I live just outside of Flint, MI so anything within about a 2 hour radius...