Michael Cavalli
Retirement for down payment vs. receiving annuity payments
Hi everyone. My wife and I want to take action and purchase our first rental. It will be for my son first and then my daughter as they go through college. (My son needs a place this fall, and my daughter will when s...
Lenna Groudan
What is the impact on my ability to get commercial loans if I quit my full time job?
My wife and are working hard to make career transitions into real estate investing. We are planning to do our first deal(s) before the end of 2015.I currently have a well paying job with a reasonably high net worth ...
Eismail Ismail
How to write up contract for home legally?-"complicated" scenario
I have had this scenario brought to me, and I am trying to find answers. I am not of the people, only looking for guidance.It is not super complicated but it is risky and I am not sure how to go about it 100% and what...
Pete M.
Fort Wayne Indiana Tax Lien Sale CONFUSION!
Good afternoon fellow BP'ers! I attended a tax lien sale today just to watch how things went. It was very interesting, however, it left me confused on the tax lien process. My understanding is that the homeowner ha...
Jonathan Cevallos
Utilizing my 401k with an old employer
I have a 401k plan with an employer I no longer work for in 3 years. I want to use the funds for my second deal, but I don't want to pay the early withdraw fees, etc. What are my options?I know I can't take a loan out...
Tom Jimenez
401k withdraw?
Hello bp subscribers. My wife and I are brand new to the real estate investing world, and are looking @ all of our options for financing out first property, and one of them is possibly taking from my employee based 40...
Tim Rainey
28 Unit deal with 8 delinquents, Covid Eviction moratorium?
I am evaluating a complex in a tertiary market with 8 residents who are delinquent in rent ranging from 55 days to 104 days. Current owner said he took it over in September from his partner and blamed poor renter vett...
Account Closed
Help Newbie with Finance / Tax Implications for Rental Property
Hello,
I am new to the rental property investment world, and was hoping to ask for some tips / guidance as I navigate this process. My main concern is around optimizing my finances (personal taxes), as well as making...
Shaye Mora
Bypassing FHA 1-year owner-occupied requirement
I'm looking for tips on how to bypass the minimum 1-year requirement on an FHA Loan. I am currently house hacking a duplex I bought in March 2019 and just recently bought a SFH on June 1st. The duplex is under an FHA ...
Han Jaewon
HELOC then Refinance?
Hi BP community,I'm seeking to purhchase the real estate investment, and need some advice on financing options.
My Situation:- My spouse & I own two properties worth $600k, $200 fully paid.- Our combined after...