Gerardo Villarreal
How would you finance this deal?
Hi everyone,I've got a property that I'm currently fixing up for a flip in Chicago - Avondale area. I bought the property with a conventional mortgage loan and recently began the renovations, financing them with my pe...
Account Closed
Reservations about using Hard Money
I have a deal that would make a great BRRRR. $60,000 asking price, $90,000 rehab, $200,000 ARV. Cashflow positive $300 a month using the 50% rule financing 75% LTV when done. Obviously I’ll dig deeper into the expense...
Lance Cummins
Debt Free Investing
Hi BP!
I am new to BP and I am loving it! I listen to all the podcasts and love reading these posts.
My wife and I are not fans of debt (good or bad). We worked very hard to graduate from college debt free. We are b...
David Stefanovic
Using 401k to pay off Debt on Investment Properties
I always thought it would be great if I could take out what I have saved in my 401k and pension plan through my employer and use the proceeds to pay off all my mortgage debt on my investment properties now, as I look ...
Chris Mackinlay
Creative Financing help
Greetings! I have spoken with a lender who says it is possible to use 401k money to fund a home purchase. Spoke to my 401k custodian and they weren't sure of the exact details of doing that. I'll need to look at all t...
Ian Sinclair
Rolling a 401K into a new real estate business
Hey all,Has anyone every started a real estate business with a full or partial rollover of their 401k?I heard you can only do this with an S Corp startup but I want a series LLC.Any advice would be greatly appreciated...
Michael Episcope
Portfolio Managers Forecasted Returns Explained
(Updated version for all BiggerPockets members to enjoy.)If one portfolio manager forecasts a return of 20% on a real estate investment and another one forecasts a return of 15%, which one is the better choice?Answer:...
Kyle Pence
Aspiring REI husband/wife duo in Charlotte NC
Hey BP, my wife and I live in Charlotte NC and we are learning everything we can about real estate and the local market. Our interest began after reading Rich Dad Poor Dad a few months ago. We've since read the Beginn...
Nic S.
DSCR/Creative lender ideas
I will be selling a SFH that will net $90k that will roll into a 1031 for a quadplex. The price of the quad is $525k. Is DSCR loan the most favorable product when I have 17% for down payment? Is there another loan pro...
Just Don
Those "pay it off fast" schemes??
A few years ago I was approached by a 'friend' who was doing a great biz of charging homeowners a pretty hefty fee in exchange for the info and program to pay off the principle of a home loan and save HUGE bucks of ...