All Forum Posts by: Arthur Schwartz

Information posted about a roll over from 401K only after termination, is wrong. I rolled a portion of my 401K into a self directed IRA last year, and I'm employed by the same employer.

As previously suggested, I would continue to contribute all funds to get an employer match. In addition, instead of withdrawal, why not do a 401K rollover into an IRA which is tax free. Certain IRAS allow you to purchase real estate! So you can do what you want without cashing out & paying taxes.

It sounds interesting depending on price and cost to get the non permitted units OK'd by the county plus to get an easement for the road.  Feel free to reach out if interested in a partner

Quote:  "The entire property may contain only one dwelling unit."

link:  look under Multiple Parcels on the attached link:

https://selling-guide.fanniema...

My understanding is that it is a Fannie or Freddie rule not to finance when more than one house is on the lot.  See the attached link and scroll down to "Multiple parcels" where it says each parcel may contain only one dwelling unit.  Subdividing the lot allows the buyer to sell each home separately which may be advantageous basically "buy two at wholesale, sell each at retail"

Maybe you can start by buying a condo or inexpensive "starter" house.   Live in it for one year; then move into the duplex AFTER one year.  you will then have TWO rental units......

Right now I want to meet up with people, and get "pre approved".  There are plenty of deals in all three states.  I can show good credit through credit score; stable employment history; W2 income.  I am looking for partners willing to find either purchase or repair; holding the property as collateral; and where I would them pay back on a note (regular monthly payments).

I am interested in meeting up with people who may be interested in lending private money to me, for investment properties in North Carolina, South Carolina, or Georgia. Not hard money. I do the analysis and the repairs but would like to expand my rental portfolio. My credit is good. Thank you for any suggestions!

This is an an old thread but the reason why the cost is so high is the environmental issues , especially if there are wetlands or species of plants, reptiles, birds, or animals, which are considered endangered

I realize that this purchase closed a long time ago, but for purposes of selling, it would help to spend a little to subdivide the lot.