Don't reinvent the wheel, flip where others have made money flipping.

If you paid 563k and did not make money yes thats a problem.

This deal aligned perfectly with my strategy to build equity and cash flow while leveraging hard money financing and refinance opportunities.

A traditional bank will not give a line of credit even if there is significant equity because it boils down to being able to pay back the money. 

Let’s connect and get this money!! 

Two other things to note about #401kloans:Possible benefit if the stock market turns south, the money outstanding against your 401k loan is no longer invested into the market! 

For now, we recommend using the 3rd parties listed in the below post.The beginning of the year is a perfect opportunity to get even with all those contractors who worked for you during 2023: report them to the almighty IRS and make them pay taxes on the money they received from you.

So $460K-$350K = $110K, it is almost the same as the money I put into this propety. ($42K+$75.6K)=$117K.

Why not joint venture with someone who has money, fix & flip itWhy not rent it out for at least the monthly carrying costs.Why not sell it on a lease option, get 10% cash up front to fund school? 

I am a hard money lender and need advise if an unsecured loan I made through the Solo 401k defaults and is uncollectible are there tax write-offs as a result of the uncollected loan?