Hi Peter "newbie" here, I'm new to BP and looking for Pros and cons on rolling my company-sponsored 401k into a self-directed IRA to purchase rental properties. I understand you have to go to a Trust Company/custodian...
Hey guys - we just started renting out a unit and have someone who is interested but refuses to do background checks (says: I am not applying for a job - why should I do a background check). He claims to have sold his...
When banks start restricting credit, they are not confident about people's ability to repay. That means the use of Lines of Credit, HELOCS and other lending for real estate investing will dry up too.
Wells Unexpected...
Since December I've ran into a few problems while trying to invest. The biggest problem was me not wanting to invest in California because of our market. I'm now past that and very close to diving into my first purcha...
I'll start from the beginning, because there are lots of little details I need to explain in order for you guys to fully understand the situation. (All names are substituted by fake ones for privacy reasons.)In April ...
Like many others, I have had a negative experience Joint Venture investing with Scott Carson and his company Inverse Asset Fund LLC. I’ll share my experience in the hopes that it will help others who are thinking of ...
I'm looking to potentially write an article on vacation rentals and would love to talk with some folks about their experiences with vacation rentals. If this is you, jump in this thread and let us know a brief version...
I am surprised no one else posted on this today! This is some scary stuff.
It seems that non-disclosure to the respective lenders in short sales flips has already gotten the feds involved - and some investors will be...
I have a problem and would love to hear some opinions on this.
Here is the scenario: a $1.5M tax exposure (net profits on sale of property) and a lack of desire to pay Uncle S. and CA 50% of that ($750k).
So the ques...
This may be the strangest thing I have ever encountered in my time as a landlord. Here's a little background info: This property is managed by my property manager. It is rented at the highest amount it ever has been. ...