All Forum Posts by: Jeff McMahan

@Eric Schechterman@Chris Brown@J Scott

Thank you all for the feedback! 

Another BP member recommended J. Michael Grinnan CPA. He is the treasurer at our local REIA.

Thanks @Mark Nolan and thanks @J Scott

@Brian Eastman

Thank you for your feedback!

I am going to be leaving my company in a few months and will have to roll over my 401k. I am interested in Rollover for Business Startup (ROBS), but I am currently struggling to find any good information on the topic. I would love to use a portion of my 401k as seed money for my REI (+/- $50K), can anyone point me in a direction to find more information? I have started research Self-Directed IRA's, but because I will be an employee of my startup, that option is out. Any suggestions?

I will be rehabbing single family homes.

Thanks

Major,

As stated above, a 203K loan is a subset of an FHA loan. FHA loans are only for homeowners who are going to live in the property, so you cannot use an FHA loan to buy an investment property.

I agree with Clay Smith!

Thanks, Jason!

I am looking for a good real estate attorney in Louisville, KY or Lexington, KY. Any suggestions? Anyone to avoid?

Thanks

Welcome Jennifer! I would recommend that you upload a photo to your profile. You will get more feedback from the BP community.