Sue Cearley
Self Directed IRAs - Real Estate
We used our self-directed IRA to invest in a couple of properties as hard money lenders. The company we invested in filed for bankruptcy, liquidated their assets and no money was left to return to 90% of the investor...
Sean Mcguire
401k financing
I have the ability to borrow up to $48k from my retirement plan. It's paid back at a 3% rate. I'm new the Minneapolis/ St Paul metro area and would like some advice on purchasing with intention to rent. We have a ...
Cameron Kirby
Buying a house for Mother In Law
Need some advice. So currently my in-laws are getting ready to sell their house and go their separate ways, while staying legally married. He will most likely need to file bankruptcy here in the near future (credit ca...
Gordon Michael Porter
Default, Pre-Forclosure, Foreclosure
What are the pros and cons of buying foreclosure or pre-foreclosure? Looking into buying for srt and vacation rental.
Tyler Harris
Pre-Foreclosures I am in the dark!
Okay, So I am in the dark a little bit with pre-foreclosures. I am looking into buying a property to flip or use the BRRRR strategy but first I am trying to do all my research.
I understand that in order to get a pre...
Dave Bopp
Thoughts on Perspective Tenant?
Hey All! Was hoping to get some feedback on a perspective tenant. I am in the process of screening someone who is relocating to the area from out of state for a management position with a local company. His income (wh...
Kathryn K.
Declaring Insolvency to IRS
If someone is insolvent at the time of a shortsale and is issued a 1099 for forgiven debt, does filing insolvency with the IRS affect a person's credit? Does the IRS report to the credit bureaus? It would seem that i...
Brad Clarizio
Need Advice on what to do next- nightmare property
Hi folks,I had a very unique situation happen to me and truthfully, I'm unsure where to take it next.3 years ago, in October of 2012, I bought a duplex in South Linden (bad area) of Columbus, Ohio for $16,000 cash. It...
Nathaniel T. Landrum
Question about "Subject To's"
I've never bought a Subject To before, so forgive me if this question is elementary. If I were to buy a house subject to existing financing, transferred the deed to my name, leaving mortgage in seller's name, let's sa...
William Richard Arens
Buying Parent’s home for what they still owe, is it allowed?
My Father started a company a few years ago and is currently at risk of losing his 2 million dollar lifesavings if he cannot sell the company (intellectual property holding company). Instead of losing his home, he wou...