Derrick Hoffman
New Member - Coaching for 10K,20K,30K ?
Hi All, I am a young professional who currently owns a rental property with a monthly cash flow of around $175. I have about 10K in savings and am interested in flipping single family residential properties in the Chi...
Craig Moore
How to go about finding a partner for your flip?
Hi BP,I was wondering -- how did you all find your partner (if you have one) for flipping? I have a decent amount of capital, but not enough for me to purchase properties where I'd like to (no more than 20 mins outsid...
Matt P.
Need new CPA...
I live in California (with CA W2 income) but BRRRR in Tennessee. I'm looking for a good CPA who is also a real estate investor, that can help me with tax strategies. Multi-state income, 2nd residence in TN, have cou...
Jay G.
Buying investment property from self using self-directed IRA?
Have some funds in a self directed IRA already that I plan to purchase property with, let's call this IRA$. With personal cash - MY$. I intend to purchase property below market value, in cash (cash only auctions). Us...
Andrey Y.
Is my HELOC interest deductible for 2018?
I am sure this was probably answered somewhere on this forum, but I was unable to find it.I took out a HELOC for $51K, and have payed IO payment on it during all of 2018. Not sure exactly what I used this money for, s...
Scott W.
Self directed IRA advice
New member and appreciate this forum. I am interested in using IRA savings for starting out with rental property(s) with a goal of generating income that can feed my retirement savings. My portfolio up to this point...
Anthia Rymer
Loan Originator vs. Bank
After months of researching, I am ready to start investing in a Multifamily! Can someone please share the pros and cons of going to a bank vs a loan originator for a mortgage? I just started to discuss mortgages with ...
Michael S.
A bit intimidated in OK
My name is Michael Sullivan. I now live in Miami, OK and would like to buy rental property here. People here are very friendly and respectful for the most part. Unfortunately, no one talks about money here. I was ...
Juan Pablo Murillo
Benefits of Not Forming an LLC
Hello BPers,This past 2018 I purchased two rental properties under my name. The earnings are under an LLC after filing a quitclaim deed. I'm curious if there are any tax benefits of not renting your properties under a...
Nathan Recchia
Selling house to move across country. Next move?
Hey all, So my wife and I bought a house in Chattanooga in May 2016 for $191k and still owe $186k. Have put a lot of work into it, new flooring and paint throughout, got rid of the popcorn ceiling and did the flat pai...