Sayli Mulay
Self Directed IRA to buy and hold rental
I am planning to open a Self Directed IRA and rollover funds from an old 401K account. I want to buy and hold single family rental. However, the account doesn't have enough funds to buy the property in full. The funds...
John Alosio
Best Big Box Store CC
Hello BP community,
I am seeking some advice when it comes to accounting of my DIY shopping habits.
Over the past few years I have been shopping at Home Depot with my personal credit card(2X cash back on all purchas...
Derek Kerley
Flipping - Taxes
I might be missing something but when I do calculations for potential flips, such as 70/30. The numbers work, but when I take into account taxes I would have to pay on my gross profit (purchase price - sale price) it ...
Karin Crompton
Double-Closing Technicalities (i.e. my atty says my way is illegal!)
Hey all,I'm having a bit of trouble sorting out how to complete a double closing here in CT. To attempt to summarize, my attorney tells me we can't fund the A-B with the B-C money. We are using a hard-money lender (HM...
Ta'Voris Murray
Maintnence repairs, and appliance replacement questions
Im currently in the process of looking at a duplex that is already completely leased out and has been for the past 12 years. The owner is selling because they are looking to purchase a new property quickly, so the dea...
Steve Cook
HELOC to fund Down Payment
Hi Everyone,After diving into real estate about 6 months ago, I've successfully added 3 properties to my portfolio. Each property is successfully cash flowing and has a 1-year lease in place. There is no major defer...
Jason O.
wholesaling to investors, not consumers
Is most wholesaling to investors only, not consumers? My aunt wants me to find her a house, and she says she'll pay me. Do I wholesale? I'm not going to sell it for retail to her. I have two other friends of frie...
Minna Reid
Dumb question about carrying the second
Ok - I just dont get it...If a seller carries the second, does that mean he is actually taking out a mortgage for like 20% so that you pay only 80? Or that he's cashing out 20% and giving it to you, or what?
Is it som...
Chris Mason
VA Loan for 2-4 units, what you need to know. Active or EAS'd.
Yay for having Military Investing Forum!
Off the top of my head, these are some of the most common questions/answers/issues that come up when trying to use a VA loan to purchase a 2-4 unit property. Basically my only...
Johnny McKeon
😵💫HELP!!😵💫w/ Seller financed "agreement for sale/ contract for deed"
Hi biggerpockets 👋I'm working with an off Market seller who has five 4-plex's (20 units) in Mesa Arizona. Him and his wife are selling off all their properties except for a beach front property that they purchased in ...