Jay Helms
Contribute to 401K or Not?
Afternoon BP Community. Listening to several podcasts and reading many blog articles, there is a constant debate on whether someone should contribute to a 401K or take those contributions and direct them to RE. Unless...
Account Closed
2018 Tax Horror Stories
I hate to be a downer, but with a significant overhaul of the tax code recently we are seeing first hand some RE investors (and individuals) get hit with huge tax bills and sometimes penalties. There are tremendous b...
Terron Winn
Good Morning; Good Evening Bigger Pockets family.
Hello all, My name is Terron and i have a background In Business Management with little to no experience in Real Estate investing. Currently I am living in my home that I have purchased in 2011 and now it has accumula...
Matthew Drouin
Using your self directed IRA to buy real estate is stupid!
*** Disclaimer: I am not an accountant, lawyer, or financial advisor! You should consult with a qualified professional before acting on any of the opinions shared in this post!!! ***Self directed IRAs have become ver...
John Brooks
Should you buy a home for yourself first, or a rental unit first?
I recently purchased my first home for myself and my family to move into. I thought it was a good start because I could gain equity and use it to my advantage later. I also got tired of paying someone else to live in ...
Owen Schwaegerle
Do you ever purchase a property subject to with negative cash flow?
Do you ever purchase a property subject to if the property has negative cash flow?Here's the scenario. Purchase price $650K, subject to existing $600K of financing at 3.625%, $25K down, $25K owner carry with principal...
Saika Maeda
ADU permit or not; financial implications
Hi all, I’m almost in escrow with this single family home in LA with an un-permitted large ADU with a Certificate of occupancy. An architect told me that even though ADUs should not be bigger than 50% of the main hous...
Austin Fowler
Property 8, 100% financed
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $225,000
9509 Briarcreek Drive, Oklahoma City, OK 73162
Richard Hadley
Infinite Banking Concept
I'm throwing a question out about how to get started in the infinite banking concept and the ability to leverage one of my properties to get started, does anyone have any experience in doing this? And the other quest...
Dulce Beltran
Buy a Tesla Model 3?
I am in the position to go green aka electric thanks to solar, the numbers all make sense to move in this direction. My net out of pocket expense is roughly $14K, finance it with a low payment, and rapidly pay it off....