All Forum Posts by: Jill Banner

@Steve Morris

Hi Steve

One of my employees is doing this right now via a cash out refinance on his last purchase and rehab, so yes it can be done!

Best Regards,

Jill Banner

Hey Craig great job with those rentals! That’s really amazing that you set a goal and attained it. While you’re considering your next move one thing you could do is switch focus and pick up a property using retirement funds to build your portfolio. A lot of real estate investors switch gears and use old 401 (k) or IRA funds and do exactly what you’re doing then pick one up with their retirement account as well. Just a thought.

@Scott Bustos I would love to help.

What kind of questions do you have?

@Justin Williams keep up the great work! Your advice is a huge inspiration to people looking to do more with their money, and shoot for larger goals.

Do you ever use any IRA funds as private money lenders?

Hello May! Welcome to Bigger Pockets.

Happy Investing!

You may have potential investors right in your back yard. Many people do not know that they can use their IRA for private mortgages. If you know someone with an IRA you can connect them with a self directed IRA company and help educate them on the benefits of using their IRA as a private mortgage. Most of these deals are short term and we are seeing rates at 12-14%.