Hello, BP. When you are going to refinance your property. I believe 1 of the requirements are "cash reserves" to cover 6 months to 12 months of funds to cover the mortgage. Instead of having cash, can a person use Cre...

Hello I am getting into realestate investing with my husband and we are looking to grow our team. Looking for a CPA specialized in reastate investing, lawyer for tax strategies, asset protection, and necessary contra...

My brother just lost his job and I want to ask him to roll over his 401k into real state with me. How can I ask him without sounding dumb? All of my brothers think I’m crazy investing into real state.

I've found that after I take into consideration my contingencies seemingly good deals on the surface don't look so attractive any more.  I wonder whether my assumptions/budget is too conservative.I generally use the f...

Hi everyone,My wife and I are self-employed and finding it difficult to qualify for traditional financing. Imposible actually. I stumbled up bank statement loans and just spoke with a loan officer for an hour asking a...

The importance of a good team is mentioned over and over again.  The reasoning behind it makes total sense.  For a first time investor when is the best time to bring on those team members?  Our goal is to initially do...

I know a lot of the popular blogs on REI talk about how important cash flow is, but I've seen some investors that talk about equity plays as long as there is SOME positive cash flow, etc.The reason I ask is because wh...

I have just established an LLC for my SDIRA. The purpose is to use this LLC to buy and hold a SFR rental. I intend to manage the property myself. Are there any restrictions against using a credit or debit card with th...

Hi BP Family,I am kicking around the idea of drawing $20-25k from my 401k to buy down one of my loans on a duplex and refinance. I purchased the property on an FHA two years ago. Although it is possible that my apprai...

My in laws gifted my wife a lake cabin property. It is currently in her name legally, but remains under the 5 year lien window for about a year which would allow a healthcare provider / assisted living  etc to access ...