Kevin Hunt
Simultaneous Closing/ Double Closing
Hello BP,
I am currently in a Real Estate Broker's course in Illinois and tonight we were going over Lease Options. I brought up sandwhich lease options and being a member of BP, I had to ask about the doub...
Jeff Williams
New to SDIRA investing
Ok, so when I approach someone with the SDIRA investment opportunity, how long does it take for their current IRA, to be transferred to a Custodian and able to be used for investment? Now, let’s say I land a quadplex ...
Jim Smith
Solo 401k Roth and Traditional Funds Accounting
I am new to bigger pockets and currently setting up a checkbook solo 401k plan with the intention of investing in real estate.One point of confusion is how to account for Roth and and traditional funds in the bank acc...
Ray D.
HELOC Reason for Funds?
My bank is processing my HELOC request and asked me what the money would be used for. I told them another investment property and they started asking for the information on the property I was going to purchase.Since I...
Jonathan Stevens
Using other people's money
Hey everyone, looking to close in on a 6 unit and have multiple investors who want to get in. I know I have to show proof of funds if I am to purchase in cash. What sort of agreements have you written up between you a...
Naima Cakirlar
Creative Real Estate Investor from NY
Good Day, My name is Na'ima. I am a Creative Real Estate Investor/ Consultant who purchases properties using Capital Fund Rasing / EIN based business credit to fund the deals. I am looking to increase my inventory and...
Derek Cox
New investor from St. Louis, MO needs help.
Hello all and good morning, I just purchased my first property, it's a two family multy unit. The home was purchased cash there is a lot of work that needs to be done on it. Is it possible for me to take out a mortage...
Carol Lam
Can you leverage using funds in an IRA?
I have a defined benefit plan which allows for real estate investment, however, the purchase needs to be all cash. I am considering rolling the fund over to an IRA that allows for real estate investment, do you know ...
Aidan McGee
Renovation process and costs
Hey guys!I have been doing tons of research, but one topic I haven’t been able to find a lot of information about is renovations funding. My question to you guys is, how do you fund you renovations? Is it tied into yo...
Natalie Wilson
Proof of funds letters
Wholesalers how do you obtain "proof of funds" letters with no money? I'm running into "our contracts are NOT assignable" when communicating with Wholesalers. If you really have to have the cash or use HML what is all...