Most of the Covid money has now been spent so they don’t have those large deposits they need to loan out.  

There are many ways to use this based on your own financial situation but from the sounds of it, using this 140k HELOC on BRRRR's repeatedly can be a great way to grow your portfolio and can keep recycling the money. 

Everything she has written appears to be opinion and not factAttorney will deal with this and tell her “I have forwarded everything to our attorney and please forward all future communication to them”That typically gets them to pull back quicklyYes it costs money - that’s reality of being a landlord

I can tell you I am often cautioning new investors to the incredible risks they are taking and try to help them understand it is not all as rosy as those seling courses or you tube videos claim.A lot of people have made money in the last several years not because they are smart but because they were the beneficiary of an unprecedented increase in prices and rents. 

Also, in a mainstream asset class like value-added multifamily, I see no reason to take a risk on a sponsor that doesn't have full real estate cycle experience or that lost anything more than a small amount of money (and prefer no money lost).

Disqualified persons include your fiduciary and members of your family (spouse, ancestor, lineal descendant, and any spouse of a lineal descendant).The following are examples of prohibited transactions with a traditional IRA:Borrowing money from it.Selling property to it.Receiving unreasonable compensation for managing it.Using it as security for a loan.Buying property for personal use (present or future) with IRA funds.

Essentially, people could donate money and get tax deductions and then that money could be pooled to buy property, fix it, rent it and pay a manager.I’m assuming it would be similar to a self invested Ira.

I will be sticking to my current method of one account for deposits and then transferring the money around.

I want to ensure my taxes are solid, since I would like to be able to qualify for a traditional mortgage next year rather than continuing to work with hard money lenders due to the rather high interest rates I deal with(I still make it work, but of course more profit to be made with a conventional mortgage).Thank you!

Hey my names Kino, and I'm new in the Real Estate field and i’m more interested in wholesale real estate because I'm young and i’m trying to build money to invest into properties, Im 16 do online school so i have much free time to focus on business and cant wait to work with any future agents.