Hey fellow Chicago BPers,I am looking to get started in real estate investing and am getting swayed more and more towards house hacking. I am a younger guy living in Chicago and with the price of real estate in Chicag...
I am trying to locate CPA firms that can complete a Fair Market Valuation (FMV) on a Syndication fund in order to convert my investment from a Tax Deferred account to a Roth account. Do you have recommendations on CP...
I have been looking for a private lender and have an acquaintance interested. However, rather than be a lender at 8-10% interest for short-term loan, he wants to be a 50/50 equity partner. Is this common? I am look...
Hello BP!My family and I have three properties (1 primary, 2 rental) held in one family trust. They trust my methods and are allowing me to leverage the equity to invest in real estate.1) Primary property was purchase...
Hello Folks,I am trying to get some clarity on how to proceed with Self Directed IRA. I have a ROTH IRA at Vanguard and ROTH 401K at T Rowe. I like to combine these both into either a Self Directed IRA or Self Direc...
Good Day BP, A few years ago I was thinking I was ready to dive in to REI. I didn't have much $ so 2 turnkey houses were looking like that was the road to get started on. I am not an impulse anything. I realized these...
Anyone ever took money out of your 401K, or had investors take funds out of their 401K to invest in your LLC. What was the process like? Multifamily syndication is the goal.
i would like some advice on how to analyze this property...i am very new to real estate investing....
a friend of mine said this is NOT a good buy simply because my money could be placed in a money market (over 5% in...
My preferred investment in my SDIRA is mortgage notes. The monthly payments are great, but the issue I am running into is what to do with idle cash. My custodian does not have a money market or similar sweep account t...
I recently closed on a duplex with an inherited tenant. The date of closing was Dec 20. At the closing table I received the rest of December’s rent from the previous owner. Later I find out from the tenant that the te...