I am particulalry concerned for those who spend hard earned money on courses and mentorship where they are taught to use credit card debt to fund the downpayments and/or improvements and the ease of funding deals when in actuality the only funding available is high interest alternative lenders.

What were the funds used for?

Look into low-cost index funds or ETFs, they're great for beginners with smaller amounts to invest. 

(different loans have different seasoning periods for your funds and different guidelines on allowing gifted funds - something to consider) To determine closing costs you can call a local title company in your chosen area and ask them for their fee sheet and your lender should be able to provide you with any other fees associated with the loan.

The other method is do a straight cash out refinance up to 80% where you can use it for renovation and allocation the remaining funds to invest.

After discussing with her, due to the age of the house she is wanting to get out from under it as there are some cosmetic issues about the house that would just take the time and funds to do (like replacing some of the laminate wood slats, harder to find an exact match than anything).

Hi Josue,Both HELOCs and rental property refinance are great way to gain funding for deals.

Not a whole lot, but I know I have missed couple because of lack of funds or not being quick enough to make offers.

Raise that to $75 at least.

If you are under age 59 1/2, there is an additional 10% penalty.Bottom line is that we strongly recommend against using IRA funds to purchase a house you wish to have personally in teh future.