Based on the consultations I've had so far, there isn't a lot of risk involved as long as you actually use the funds for a legitmate business that stimulates the economy, don't use the money for a new swimming pool or fast cars, and keep the new 401K operating after you convert the funds to operating cash.

Pics from the posting:Back patio and storage room:Community Pool:

Mark, Hi, I have a potential flip under contract in Atwater you might be interested in. 6 bed/3bath 3000 square feet with a pool on one acre.

I would consider someone else for now, but eventually plan to replace carpet all together to prevent this from happening again and/or to open up the tenant pool to allergy sufferers in the future.

I keep having this question hold me back from taking action because I don't want to put my family in jeopardy should we find a place and get stuck holding the bag.I've listened to many people talk about having a pool of buyers pre-screened, but without securing even one house for them to look at could be a waste of everyone's time.

There is also HOA which is only $300/mo, but ana dditional annual club fee of $28kLuxurious 6 bedroom / 5.5 bathroom single family house 5100sq ft. on a Par-72 18-hole gold club.an open and spacious two-story floor-plan with lots of natural light, marble flooring through, tons of upgrades including a chef's kitchen with granite counter tops and stainless steel appliances, huge custom walk in closets, two master bathrooms, tropical pool and spa and gorgeous lake views!

The major difference is that the apartments have on-site amenities like pools and fitness rooms which are not available for the house, but the house has washer/dryer hook-ups that are not available at the apartments.Trying to figure out a price point for an offer on the house for buy and hold.Thanks.

I know a lot of investors hate condos, but I have had some success with them, b/c they seem to have a much shallower pool of investor $'s chasing them and the institutions tend to shy away.

If the other park has a pool, or paved roads etc that you do not, you need to account for that.Be sure your figuring in bad debt of around 7% to your pro forma numbers or you are giving away income you are not getting...

I'm ok with that depending on the circumstances surrounding their FC/SS.If I only took high income high credit tenants with no dings I'd have a very limited pool of tenants to choose from.