James W.
Eviction notice sent out on Day 3 of tenancy... oy vey
Howdy BP! I'm hoping to get some feedback before I make a mess out of an already sticky situation.Here's the deal: On a duplex I recently purchased, the upper unit was vacated before I took possession. Cool, because t...
Mas Yoshida
Growth Strategy and Self Directed IRA Rules
Hello fellow BPers!I'm a newbie investor who has been looking for my first buy and hold property for the past couple months. As I continue my search for the first rental, I am debating my overall strategy on how I sho...
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Questions about Lease Options
Hello,
I have some questions about Lease Optioning a property:
1) Who has the insurance on the house? The originial owner?
2) Who pays the taxes and/or gets the tax write off on the property?
Any help would be appr...
Minna Reid
Another 1031 question
Ok so basically - as long as I buy a similar property within 45 days of selling another (and none are owner occupied) - I can avoid being taxed is that right? Does the 45 days have to be after the sale of the original...
Yuliany W.
Withdrawing funds out of a 401(k)
Hi all,
How do you withdraw the money in your current employer's 401(k)? I don't have a financial hardship, and I don't want to take out a 401(k) loan. Is this possible at all?
I know there are penalties for withdra...
Michael Rossi
How Low Can You Go?
Tim's response to the last topic has me wondering what the lowest price anyone has paid for their property.
My lowest cost doublewide (26 X 60) was $10,000 (looks like new). I get $700 rent for this one.
My lowest...
John Cobb
Why do banks not like holding REOs
I have just read an article by Joshua about REOs and in it his last point is
'Note that lenders and banks do not like holding REOs on the books, and try to get rid of these as quickly as possible.'
Why is this and w...
Courtney Kimbrough
PURCHASE AMOUNT TO SMALL TO FINANCE
I found 2 bedroom 1 bath cottage style house. It needs roughly about $1,200 worth of work (my newbie opinion). So lets just say $5,000 to be safe. The property would be an awesome acquisition. The problem is that no o...
Shaun Allison
Private Money with Self Directed
I have someone that is wanting to invest in my company. They want to roll their retirement over to a Self Directed and we need advice. They were recommended by their financial advisor to talk to Pensco and so far they...
Dennis P.
New member from Texas
Hello gang!I see that most favorite places to invest in TX are areas arond DFW, Austin, and Houston. What else investors would like to consider?Kind Regards,