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All Forum Posts by: Brent Mattison

Brent Mattison has started 10 posts and replied 103 times.

Post: IRA to fund LLC

Brent MattisonPosted
  • Homeowner
  • Chicago Heights, IL
  • Posts 105
  • Votes 8

@Fred T. Yes. This was not the right forum, but thanks for the high level.

Post: IRA to fund LLC

Brent MattisonPosted
  • Homeowner
  • Chicago Heights, IL
  • Posts 105
  • Votes 8

Thanks @Fred T. That's awesome. I do have a spouse and 2 kids. Would be interested in the other fun topic. Thanks.

Post: IRA to fund LLC

Brent MattisonPosted
  • Homeowner
  • Chicago Heights, IL
  • Posts 105
  • Votes 8

Thanks @ Chuck Drinnan.

Post: IRA to fund LLC

Brent MattisonPosted
  • Homeowner
  • Chicago Heights, IL
  • Posts 105
  • Votes 8

Thanks for everyone's thoughts on this. @ Loren Whitney, @Brian Eastman, @Dmitriy Fomichenko, @Kelly N.

Post: IRA to fund LLC

Brent MattisonPosted
  • Homeowner
  • Chicago Heights, IL
  • Posts 105
  • Votes 8

Thanks @Steve Vaughan. I have looked into the SDIRA and didn't like the restrictions.

Post: IRA to fund LLC

Brent MattisonPosted
  • Homeowner
  • Chicago Heights, IL
  • Posts 105
  • Votes 8

I have been contemplating using money from my IRA to fund an LLC and get started in multi family. I know I'll be taxed and pay penalty for early withdrawal, But I feel I can make up that money plus more with REI. I just wanted some feedback to see if I'm crazy to think this way. Thanks.

Post: Multi unit insurance

Brent MattisonPosted
  • Homeowner
  • Chicago Heights, IL
  • Posts 105
  • Votes 8

Thanks @Joel Owens. I will do that.

Post: Multi unit insurance

Brent MattisonPosted
  • Homeowner
  • Chicago Heights, IL
  • Posts 105
  • Votes 8

I was wondering if there is a formula to figure out what insurance might cost on a property. I don't want to bug my insurance guy every time I look at a deal. 

Post: Youngin From Chicago

Brent MattisonPosted
  • Homeowner
  • Chicago Heights, IL
  • Posts 105
  • Votes 8

Welcome to BP. Lots of information and resources for you to look at here. Also a ton of great people. Good luck.

Post: Made an Offer on 90 units...

Brent MattisonPosted
  • Homeowner
  • Chicago Heights, IL
  • Posts 105
  • Votes 8

Great to hear.  I hope all goes well. Please keep us posted.