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12 February 2019 | 8 replies
You might have to roll it over into a conventional loan to refi.
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14 August 2016 | 16 replies
Then you can use the money as a down payment on a property; factor 20% for a SFR and 25% down for a multi family (duplex and more)I had $50k in a SDIRA, but found that the hassles of working with lenders in an account like that just wasn't worth it; I rolled it into my current 401k and took a loan against it.But with the amounts you're talking about, you might just be better off taking the hit now but freeing up the capital to work unencumbered with the limitations found in a SDIRA.Just a thought.
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15 August 2016 | 11 replies
A 203k Loan is where the purchase price and rehab costs are rolled into a single loan.Assuming you have a respectable FICO you can buy, with a FHA Loan (3-5% down, a 30 year amortization schedule, and a residential loan rate).
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16 August 2016 | 35 replies
The cash flow would either serve to pay of our bad debt faster or put back into the properties (or get the ball rolling on another property, given we can find a lender)Someone mentioned that wholesaling is a full time job, but several of the guests on the BiggerPockets podcasts have done wholesaling part time to start.
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14 August 2016 | 1 reply
Here can I see the actual tax rolls for a property purchased in Tarrabt County (Ft.
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16 August 2016 | 19 replies
Did you ask for the most recent Rent Roll and Expenses?
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17 August 2016 | 11 replies
Instead of cashing out and paying the penalty and taxes could you roll that in a self directed IRA and also use that money to secure a 25k unsecured loan?
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15 August 2016 | 5 replies
If you want to move forward, you can ask for rent rolls, and copy of leases, and a walk through of the building for all units, no exceptions.
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15 August 2016 | 4 replies
I haven't done this yet because I'm still searching for my first deal, but here's what I'm going to do when I find one.I certainly would ask for minimum 1 year operating expenses statement, and rent roll from the seller.You also want to get what's called an Estoppel agreement filled out from each of the tenants.
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16 August 2016 | 22 replies
Account Closed oh I'm aware...it never ceases to amaze me...