Get a copy.2) Bring your trust documents to any bank and open a trust account in the name of the plan with you and your spouse as the trustees.3) Transfer your existing 401(k) funds into the checking account associated with your 401(k) trust.

If the HELOC is from an existing rental property (A) but funds are used for rentals (B and C), the interest must be allocated to B and C, not A.This post does not create a CPA-Client relationship.

You will need a local attorney to close on a house.  

Many people buy a house with a FHA loan and then turn it into a rental but it doesn't mean it's always allowed.

Hi Joshua,We do have a current house in Idniana worth around 120K.

SFR houses will only appraise based on comps.So unless someone was paying cash you can't get more than they appraise for.The camp ground is a different story.

@James Tobin  house hacking is a GREAT way to start.

I have to flip an entire house to make $12k, but an agent makes that in a couple hours without having to leave their home?!?!

I get a lot of questions about housing vouchers and how you determine rent amount allowed.

You don't want to distract the buyers from the house with too many items or stuff.