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All Forum Posts by: Shelly P.

Shelly P. has started 4 posts and replied 21 times.

Post: Looking for funding for 1 family purchase in NYC

Shelly P.Posted
  • Rental Property Investor
  • Morristown, NJ
  • Posts 27
  • Votes 12

I am looking for funding - private preferable or maybe hard money. Please contact me for details

Post: Use Solo401k or conventional loan to buy investment property?

Shelly P.Posted
  • Rental Property Investor
  • Morristown, NJ
  • Posts 27
  • Votes 12

thanks @Brian Eastman,  I get it now. 

Post: Use Solo401k or conventional loan to buy investment property?

Shelly P.Posted
  • Rental Property Investor
  • Morristown, NJ
  • Posts 27
  • Votes 12

can you explain why it would be tricky?  If I use the 401K, I would try to finance the money instead of paying the entire amount, would the loan not be against the property?

Post: Use Solo401k or conventional loan to buy investment property?

Shelly P.Posted
  • Rental Property Investor
  • Morristown, NJ
  • Posts 27
  • Votes 12

I need some advice from BP.

Situation:  I have opportunity to purchase an investment property - around 320K with equity of about 100k.  I have two options;

(1) refinance and take out cash against another house with about 700k equity and use to purchase the house

or

(2) use my solo401k to purchase the property with 20% down and get financing

What is my best option?  What would you do

Post: Seeking a realtor in Jackson MS

Shelly P.Posted
  • Rental Property Investor
  • Morristown, NJ
  • Posts 27
  • Votes 12

I am looking for a realtor in the Jackson MS area.  Any recommendations?

Post: Cleveland, Ohio. DEALS DEALS DEALS!

Shelly P.Posted
  • Rental Property Investor
  • Morristown, NJ
  • Posts 27
  • Votes 12

please contact me, i am interested

Post: November 17th, 2014 NYC Meetup in Manhattan- with special guest Joe Fairless

Shelly P.Posted
  • Rental Property Investor
  • Morristown, NJ
  • Posts 27
  • Votes 12

I'll be there, looking forward to it

Post: Does your Boss know that you are an investor?

Shelly P.Posted
  • Rental Property Investor
  • Morristown, NJ
  • Posts 27
  • Votes 12

In my experience, I would not recommend that you let them know, they will use it against you if things don't get done in time or well.  I have held management positions so I know what is said at the management meetings.  Keep your business to yourself

Post: Your BiggerPockets Successes -- Let's Hear Them!

Shelly P.Posted
  • Rental Property Investor
  • Morristown, NJ
  • Posts 27
  • Votes 12

I am a newbie to BP, only a little over 3 months now. I have found the forums very informative and many people willing to share their experiences as well as extremely helpful. In this short time, I have already become a client of one BP member and am looking to become a client of another. Both of these relationships have been helpful and very beneficial to me, I hope I can bring the same to the table for others.

Post: NEW INVESTORS: CHALLENGE OF THE WEEK!

Shelly P.Posted
  • Rental Property Investor
  • Morristown, NJ
  • Posts 27
  • Votes 12

i made two offers this week. Did not get one, still waiting on the other