Dennis Parslow
401k Loan for down payment on investment property
1. If a newbie investor has access to a 401k loan for the down payment, how is that viewed by Hard Money Lenders? 2. If using the 401k loan as a down payment, I assume it's best to wait until after a credit report and...
Robin Cornacchio
Self -Directed IRA fees
Hi All,I just purchased a rental home with my SD IRA. I've got another $40K that i'd like to invest. Do any of you have any recommendations as to what to invest in with this money? Something with low risk.Thank you...
Arthur Kineard
How do I show income while minimizing taxes?
I own a retail business that is doing well. I want to diversify into real estate as a tax shelter and for money. My primary question is how do I show income after taking advantage of all the deductions? I can take ded...
Greg P.
Private Lender as Business Entity Considerations
Hi,
My apologies if this has been addressed before. If so, please "point" me in the right direction. Thanks!
What form of business entity do private lenders choose who lend from only their own funds? ...
Eric Maertens
Cash out 401k or leave in?
Hi BP,
My question is should I cash out my 401k to invest in a basement rental at my current residence. I am 31 yes old, I have a 30yr VA loan on the property and finishing the basement will cost an estimated 50k whi...
Richard Pince
How to Tax shield my yearly Bonus?
Hello,I am a new investor and I have a question for the BP community. This year I will receive a sizable salary bonus from my employer. Through our retirement program we have the ability to defer 100% of our bonus t...
Michael Laurencelle
Capital Contribution or Loan to fund LLC for flipping?
When funding my new LLC for flipping, should I use capital contributions or loans? I like the idea of a mix - with a smaller capital contribution being my buy-in and then a second larger amount for funding the first d...
Malik Welch
Doing multiple rehabs with revolving debt
Hey BP I have a scenario question for any rehabbers or Accountants.If I have a private lender lend me 100,000 for a year at 12% APR for me to use the money as many times as I'd like through out the 12 month period do...
Tyrone DeVore
Applying for Mortgage with no Tax Returns
I was looking to apply for a mortgage without issuing my Tax Returns. I have money saved up and my credit is almost 700...but don’t want to deal with the high interest rates from private lenders. Any advice would be g...
Arty Fresh
Two questions on reducing taxes
So today I stumble upon something new that you the reader of this post probably learned years ago. I burn some time on YouTube watching videos on paying less taxes.One popular real estate youtuber grant Cardone says d...