Marty Summers
Anyone ever cash in their 401ks to buy real estate?
8 April 2019 | 15 replies
Self-directed IRA If you are self-employed with no full-time w-2 employees, you can set up a Solo 401k & rollover funds from a non-Roth IRA as a tax-free direct rollover and then invest in real estate.A Solo 401k has several advantages as compared to a Self-Directed IRA including the following which specifically apply to your situation: Unlike a Self-directed IRA, you can have the account for the Solo 401k at a bank or brokerage that does not charge maintenance fees and where you will have checkbook control.Unlike a Self-directed IRA, if you use leverage (which must be non-recourse financing in either case) to acquire real estate with your Solo 401k the income will not be subject to Unrelated Debt Finance Income taxGeneral Considerations Re Investing Retirement Funds in Real Estate:1.
Aaron DiCaprio
Supermodel exploits legal loophole and skips rent for 2 years!
4 March 2019 | 10 replies
It is actually illegal under the loft laws for non-artists to live in those buildings!
Stacy Kiley
I need a loan! A debt to income question...
4 March 2019 | 20 replies
Max loan to value on a single family non owner occupied property is 75%, so your cash out amount could be up to $48,750.
Dan Moore
Recommendations for an investor friendly/knowledgeable realtor
14 March 2019 | 14 replies
We'll take a look at some of the foreclosure auctions, because we can stand the risk of a potential budget buster of a non-inspected house for the potential upside of a deal.
Joe Pearson
Low Cap Rate and Cash Flow related Confusion?!
9 March 2019 | 15 replies
It is a non leveraged metric.
Ram Gonzales
Small Fund Looking to Generate Organic Leads
6 March 2019 | 11 replies
I would also send mail to non-owner occupiers, who are also, -behind on taxes - past due HOA -or behind on water billsI would also look into different software services like call rail to track your calls and kpi’s For marketing campaigns along with a solid crm.
Account Closed
Flipping Profits Tumbled To 7 Year Low
5 March 2019 | 16 replies
Is not going to cut it.. unless its a side hustle basically and one flip even if its just 15k a year is worth a number of drip rentals based on 200 a month cash flow or in non appreciating markets.
Corey Cowan
Cash Flow VS. Everything Else (ROI, Cash on Cash, NOI, ETC...)
4 March 2019 | 8 replies
In this scenario I suggest that the percentage of rent lies between 14% to34% non-respectively.
Brad Johnson
Guest overstays checkout time
5 March 2019 | 9 replies
We recently had a guest ask for late checkout, we told them no because of our cleaner’s schedule, but they still stayed for an extra hour.
John Williams
Cash out refinance? Please help!
4 March 2019 | 1 reply
You usually need property in an LLC, has to be non owner occupied, fees and closing costs vary by lender.