I understand that this calculates to a maximum contribution of $27,880.However, does this mean that:I can contribute $27,880 if my wife contributes nothing?

Greetings BP community- thanks for everyone's contributions.

second mtg owed $90k, 1st Lender typically will offer $3-5k, second mtg demands $8-10k....so, your purchase offer is $95k and stated willingness to contribute $5k to second.  

I know my RE agent should be answering these questions, but he talks in such circles that I don't understand the answers (and due to his hefty contributions with renovations and other wonderful qualities I admire, I cannot consider anyone else).Thank you for any contributions you can make to illuminate me.W

I know my RE agent should be answering these questions, but he talks in such circles that I don't understand the answers (and due to his hefty contributions with renovations and other wonderful qualities I admire, I cannot consider anyone else)Thank you for any contributions you can make to enlighten me.W

Looking forward to contributing more and more as I grow in my real estate investing career.

Im always happy to answer specific questions or contribute to a conversation, but if you need someone to walk you through the entire process...you definitely need a mentor.

One thing to be concerned about is if there are multiple shareholders; you may need to make equal distributions to all shareholders.I would then make a contribution from you to the LLC to then purchase properties.Making transfers between companies is possible but you may need to record it as loan/payable which may require loan documents and paying interest.

A lot of my soldiers and me included did the same and still am contributing to my TSP.

It depends on what they rent for and what the property costs but you could live in one unit and rent the other thus helping contribute to your living costs