Earl McManus
Investment Convential Loan Requirements
Hello,I joined the site today and after reading the getting started materials I am taking the advice and asking a question to the user community.My wife and I applied for and received a “pre-approval” letter from a di...
Kevin Kim
Can I use my Traditional IRA to buy Investment Properties?
Hello Everyone,After doing some research, I've learned that an individual is allowed to take out a maximum of $10,000 from your Self Directed IRA to purchase your first home without any penalties. Of course this would...
Alejandra Tapia
Borrowing money from your 403(b)
My tax preparer recently mentioned the possibility of taking out a loan from my 403(b). He mentioned that a good thing about this is that I would pay back the money to myself, with interest, as opposed to the governme...
Mindy Jensen
BREAKING: HUD to suspend all Evictions & Foreclosures thru April
**BREAKING NEWS**The White House has just announced a directive to HUD to suspend all evictions and foreclosures through the end of April.This is a breaking news story and we will be updating as this story develops.ht...
Oscar J Carrillo
Options for 401k investing.
I am a police officer in California. I am a newbie in real estate investing and I recently changed employers but I want to put my retirement into an account that will allow me to invest in real estate or allow me to b...
Lue C.
Will UBIT apply here?
Hi,I have a self directed solo 401K, and am wondering if the following business model will generate UBIT. I will ask my lawyer/CPA as well, but want to see what BP community thinks. Here is the model -My 401K trust ...
Austin Holmes
Owner Occupied Qualifications in Providence RI
Hello all,
I am interested in purchasing a multi-unit (likely 2-4) apartment in Providence RI. I am wondering if anyone can direct me to the specifications for qualifying piece of real estate as owner occupied. Sp...
Jessica Yau
Oakland eviction - non payment technicality
A tenant paid late last month and I applied a late fee according to our lease ($75). In their Nov invoice I clearly stated that the amount paid in October went first to cover the late fee and then rent, leaving an ...
Todd Magin
Depreciation within a Self Directed IRA
I'm about to setup a Solo 401K for doing buy and hold deals. With a typical property outside of an IRA, depreciation is used to offset the income from the property. However, since there is no taxable income inside the...
Seb Ko
Landmark building permit
Hi there does anyone have experience applying for permits through Chicago landmark buildings? I’m looking at changing exterior windows and understand that if there’s a color change I have to apply for a permit. Would ...