All Forum Posts by: Peter S.

Can a house that is in a life estate or a trust still obtain a Home Equity Line of Credit? If so, will it affect the credit of the “remainder men” (i.e. those whom the house goes to when the person residing in the house passes)? I have a possible private money lender who wants to fund our flips, but needs to know the answer to this question first. Thanks for the help to any who may know the answer!

We are looking for separate flooring, tile, and siding installers for a rehab we have in Fallston, MD. Has anyone worked with subs that do this in this area that will do good work? Any contacts that we can reach out to and potentially hire would be helpful. Thank you!

Thank you all! That is very helpful. I had a feeling it was too good to be true. I will have to think of another way to utilize my retirement account capital.

I want to use a self directed IRA with Checkbook control to purchase a property. However, I do not have enough money to purchase the entire property. I know that the income generated from an investment property purchased by a self directed IRA must return to the IRA; however, what would happen in this case? Could we treat the self directed IRA like a private money lender and say it is "investing" in our company? Typically we would give a private money lender 10% return on their investment as their income....so could we do that with the LLC associated with our self directed IRA that has Checkbook control? Then the "income" for that IRA would be the 10% ROI received. And then we could keep doing it. Has anyone ever done this? Thanks for the help!