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All Forum Posts by: Nixon C.

Nixon C. has started 15 posts and replied 39 times.

Post: Seeking Escrow Officer/Title Company

Nixon C.
Posted
  • Rental Property Investor
  • Southern California
  • Posts 39
  • Votes 11

Seeking an Escrow Officer in the Houston market that specializes I. Imvestment files. Particularly seller finance, double close, assignments.

Post: Creative Financing Alternative to MLS Listing. (Personal Home)

Nixon C.
Posted
  • Rental Property Investor
  • Southern California
  • Posts 39
  • Votes 11
Quote from @Hector Beltran:

My house has been for sale on the MLS for about 90 days. I'm looking for other creative ways I can sell my house. I started a real estate investing company a few years ago but don't have the capital to buy my house on my own. I know all about Hard money and private money lenders, but I am wondering is there is a lender out there that could lend me money to buy my own property under my business name and turn it into a rental all while paying market price on my home? I would like to find a lender who can approve me based on the property and what it will bring in monthly as a rental rather than on my personal finance and credit. Any advice would help. Thanks in advance.


 Hey Hector, 

I may be able to offer you a solution. Let's connect. Ill send you a DM.

Post: Real Estate Attorney

Nixon C.
Posted
  • Rental Property Investor
  • Southern California
  • Posts 39
  • Votes 11

Hello,

I'm in need of a real estate attorney that's well versed in the creative finance space and contracts for private money loans.

Post: Seeking private loan

Nixon C.
Posted
  • Rental Property Investor
  • Southern California
  • Posts 39
  • Votes 11

Interested in details such as how much and for how long?

Post: Looking for Gap funding partner for Fix & Flip

Nixon C.
Posted
  • Rental Property Investor
  • Southern California
  • Posts 39
  • Votes 11

I have some capital that I'm looking to deploy. Interested in hearing about some of your projects and timelines.

Post: Seeking Financial Partnerships for Real Estate Ventures in Houston Area

Nixon C.
Posted
  • Rental Property Investor
  • Southern California
  • Posts 39
  • Votes 11

What kind of deals do you have lined up? I have some capital to deploy but looking for the right deal. 

Post: Property Management in McAllen, Texas

Nixon C.
Posted
  • Rental Property Investor
  • Southern California
  • Posts 39
  • Votes 11

Looking for recommended property managers in the McAllen, Texas market.

Post: Can i take out all of the money out of a 401k account ?

Nixon C.
Posted
  • Rental Property Investor
  • Southern California
  • Posts 39
  • Votes 11
Quote from @Mark S.:

@Nixon Corpuz 401k plans are by their nature participant directed. The plan sponsor selects a firm to provide overall administration, and also selects numerous investment options for participants to choose from. ‘Plan administrators’ do not direct the investment selection on behalf of the participant. 


 Yes, you are correct. Essentially it was my failure because they were my elections and I hadn't checked on the performance in over 3 years. I missed opportunities to rebalance my portfolio and adjust asset allocation. I learned the hard way unfortunately.

Post: Can i take out all of the money out of a 401k account ?

Nixon C.
Posted
  • Rental Property Investor
  • Southern California
  • Posts 39
  • Votes 11
Quote from @Mark S.:

@Chris Seveney I was about to ask the same question. Almost impossible to not have made money the past couple years. IMO, someone who hasn’t made anything in the markets recently should certainly not be jumping into real estate with limited knowledge.


 It depends on the administrator overseeing his mother's 401K account. I can tell you that I lost 20% in my 401K since 2020 unfortunately. I decided to take control of it instead of leaving it in the hands of the account administrator.

Post: Can i take out all of the money out of a 401k account ?

Nixon C.
Posted
  • Rental Property Investor
  • Southern California
  • Posts 39
  • Votes 11

It depends on who services the 401K plan. My employer uses Fidelity for my 401K. I have inquired and I am able to take a loan or withdrawal with 10% + taxes even though I am currently still employed. I have fully liquidated funds from my 401K from a previous employer to purchase my rental. Now I keep my 401K with my current employer as reserve funds when purchasing new properties.