Mark Spritz
Income checks in Fanny and Freddie. Why, all have to hit?
So, if we were to use a traditional mortgage route to buy a Rental Property, the underwriter will have to check you income from job, others, as well as credit, amount of money you have and also any assets. Each one of...
Mike Ash
Rent home to my kids
To summarize a long story: Daughter & her fam moved back home (with wife & I) in 2019 after son-in-law laid off. Covid hit in 2020 & he got back to work in late-mid 2020. My wife talked about selling or re...
Lawrence Ratliff
$200/week + a little hustle is really enough
So here’s my story, why I thinks a good one, and that you can do it to.
I like to buy SFR buy and hold rentals in Dallas TX. I need about $25k (20% down and about $5k rehab) to buy each one.
I have a full time sale...
Sheryl Gurvey
Buying rental within Solo 401k vs. taking loan from Solo 401k
I have been going over this in my head for weeks and I just need some feedback.Which option is better, buying a rental property directly within my Solo 401k (with the intention of refinancing non-recourse down the roa...
David Lee
Reverse mortgage as income to qualify for larger loan?
Hi all,I've recently been learning more about reverse mortgages, and while I realize it's meant as a product to help retired folks/62+ who need a bit more additional spending, I was thinking of using it a bit creative...
James Somers
401k or Real Estate?
I know this may be a weird question to ask on a real estate forum (Im thinking the vast majority of responses will be pro real estate), but I wanted to get some different perspectives from the BP community. I current...
Doug Phillips
401k Savings Plan through Work
Hi everyone,Starting in May I'll be able to contribute to my day job's 401k; up to 3% will be fully matched and then 50 cents for the next 2% (I plan to fully max out). I will become fully vested I believe too. I do...
Eric Traboulay
Pay off house early or Invest $$ in 7% fund?
Hi Everyone,I'm looking for some advice (Pros/Cons) whether I should invest my extra income into a savings vehicle that will essentially guarantee me a 7% return annually or if I should put the extra money to paying d...
Audrey C.
10 year retirement plan with multifamilies
I need some help with a 10 year plan for retirement that works in theory and on paper but I’d love some feedback.
I have some $$ from the sale of a property that I’ve been wanting to reinvest in RE but haven’t pulle...
John Thedford
Solo 401K And Ubit Questions
I started doing private lending in 2012 with my Solo 401K. I has been a steady source of income into the retirement account. My CPA states this actions falls under UBIT? I have been led to believe it is not and does n...