Hi all,
As titled.. I did a IRA withdrawal of 300k to buy 2 condos in May/June 2024.
I didn’t paid the 10% penalty fee.
I’m not currently working so my income is basically the 300k + (28k gross or 15k net) from a...
I’m a landlord in Massachusetts, and recent events have left me extremely frustrated and disappointed with the state’s laws and regulations. I inherited a property with two tenants who don’t pay rent. It seems they we...
I have (what I consider) a good chunk of change sitting in a traditional IRA. I'd like to use that money to fund flips (in and out in less than 120 days) and/or use it for transactional funding.
The financial adviso...
What is a good company to use for a DSCR loan with 100% financing?
Bill Gulley Does anyone know if a private individual who funds mortgages is required to provide a TIL? If so, and they failed to do so, what are the penalties? Thanks.
Many new and experienced real estate investors will FALL into the pre-payment penalty TRAP and it might really bite them in the A$$ or cost them on future deals. Going through the last 2008 real estate crash many peo...
I am thinking about transferring my various IRAs into self directed IRAs to purchase investment properties. I would like to create an LLC that would "manage" these properties so that I can extract about 70% of the pos...
Hi All,
Looking for some advice/feasibility of a financing strategy I am looking to do on a house I am about to put an offer in on.
BACKGROUND
I have pre-approvals from both commercial and conventional loans. The...
Any Missouri BPers put together an IRA LLC? Want to ensure I'm completing the Articles of Organization correctly. I'm the agent, but am I also the organizer? Or is the trust company the organizer? If the trust com...
If my self directed IRA owns raw land, is there any way I can build on part of this property? I own about 100 acres and would like to build a home of the property. Currently it is just a raw land used for nothing ot...