Hey there !! I am looking to transfer my 401K to a self directed checkbook IRA to use for real estate investment. But, I am not sure if it should be a Roth IRA or a traditional IRA as both are offered to me. I am ...
Has anyone ever done a cost segregation without the use of a firm that charges a lot for it? I have a buddy that's doing it himself and providing an excel sheet to a legitimate accountant. Any pros and cons to this?My...
I have 2 duplexes in Everett, WA. One duplex cash flows $1000 and the other about $700. I bought both as owner occupied. Im thinking I could probably sell both duplexes around $1 mi and net about $250-$300k to rein...
Great way to wake up, 4:30 phone call from the police because a drunk driver hit my property.
Took out my brand new meter base, isn't even paid off yet.
I got chewed out by the police and others for not having hom...
Hi BP,
My uncle and I want to get started investing, he is looking to get his RE license in Saint Cloud (Minnesota), to access MLS and be able to see houses quickly. He approached a broker and he told him he ...
Hello,
I am currently in the process of purchasing a multifamily and I have someone who is interested in doing a joint venture on this property with me. They willing to put down a 25% down payment. We plan to hold th...
Looking to make an offer on a Freddie Mac property that does not have a stove and is missing light fixtures in some of the rooms. Would like to get financing if possible. Local credit union will not do the deal beca...
Hello BP Fam!I recently found a property with about 43k in back taxes. Let’s say i rehab this property without paying the taxes first, will the taxes get payed off on the backend after refinancing it? Will I be able ...
So recently, I was going to use a CPA for a corporate tax return. He outlined that book keeping was $45/hr and corporate tax would be $500, and any additional costs to file to USA would be determined later. I told him...
Hello BP,
I have a motivated seller who would like to avoid short sale, but has told me his house is worth 300K and he owes 600K! Initial research shows comps are $425K but house, purchased in 2000 is trashe...