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Goal of Post:In writing this post I am hoping to inspire and provide actionable next steps for the many individuals I see like myself, who are recent college graduates with ambition over the moon, yet are strapped by...
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Good morning! My husband and I bought a fixer upper duplex in 8/14 with a 5% down FHA 5/1ARM at 3.75% (we are living in one unit). We did a massive reno on it and should now have the 20% equity needed to refinance a...
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Hello! Newbie here! I'm a little confused with how HELOC or Refinancing works when it comes to taking Equity out to use as a downpayment for a 2nd or a next property for investment.Can someone please explain to me wit...
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Does it make sense to withdraw the max of 100k to invest in a rental property vs a flip?
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I have about 120k in my 401k and 100k in equity at the moment and would like to use it towards real estate investments. I've been researching different services to move my 401k money , such as Whole life Insurance or...
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I just had a consultation with someone who has the following story. Classic example of a prohibited transaction. Sometimes I hear arguments against “checkbook control” that custodian is there to protect your IRA and p...
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Hi all, I like the BRRR strategy as a way to grow wealth in REI. In his BRRR article, David Greene makes a point of how much better it is to buy all cash (faster, many SFH not eligible for financing when buying) when ...
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My husband and I have separate 401k accounts through our jobs. The current balance on them combined is around $140,000. We're contemplating cashing them both out to invest in multi-unit rental properties. After tax an...
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Hi all,I am a newer member on BP and this is my first post. I am looking for thoughts on whether I should pull money out of my Roth401k from work to invest in RE? I know typical tax advisors etc would tell me no way b...