I started on BP 6 months ago and have listened to at least 30 audiobooks on REI and 1/2 the podcast here on BP. 3 months ago our short term plan was to buy another house to live in (that's more practical to raise our 5 & 2 year old boy's in) and rent out our other house.

A couple of questions:1) Are you borrowing $100,000 for the down payment on a property and securing conventional funds for the balance of the purchase price?

I was planning on doing a double closing and use transactional funding for this deal. 

He asked me how he would go about raising the rent, and possibly converting the lease to a paper contract agreement.So my question to you is the same.

I live in Ga now, but  I am born, raised, and co-own an investment company in Cincinnati.

@Kay KeovongphetIf you are still employed by Boeing and under the age of 59 1/2, you will not be able to transfer your funds elsewhere.Once you change jobs or reach retirement age, you would have the ability to move to a different plan.

I was born and raised south of Atlanta.

I offer to fund a flip of there house, they would get the number they were seeking for their house plus a percentage of whatever the profits are after all expenses, holding costs, realtor fees etc..have been paid.

Basically I would use the funds in the 401k to purchase my deals, fix them up with funds in the 401k as well, then sell them for a profit to my LLC which would then rent them out long term. 

Looking to grow to do multiple projects simultaneously, need to figure out how to secure short term capital funding to facilitate this