Connie Stainbrook
Question on non-performing notes and foreclosure.
I have a couple of questions on the topic of non-performing notes. I have read that if I own a note that is not performing and I have foreclosed on the property. That I now have a choice to keep the property in my ...
Mark Doty
401K Dist, reduce income tax through cost segregation v. ROBS?
Before exploring this concept with a qualified legal and tax professional, I wonder if any of the community has anecdotal experience around taking a distribution from a 401K and balancing the earned income taxes with ...
Robbie Pratt
Can I use my Self-Directed IRA for renovations on a rental property? This Property is currently my primary residence.
My family and I currently reside in a 3/2 1500SF SFH. I bought it about 6 months ago with the intention of turning it into a rental in the next 1-3 years as our family grows. There is about $7K worth of repairs t...
Juan Martinez
Private money and Mortgage loan.
First time investor here.Working toward my acquiring my first deal.I don't have the money for down payment but step-dad said he would provide a loan for it at low interest (he said he is doing it more to help me out b...
Levi K.
Down Payment - Rollover IRA or HELOC
Hello BP experts,
I hope you had great holidays.
I am facing the following situation:
I need to put 25% for my next investment. I have some savings in my bank. However, the rest of the down paymen...
Jim Bentley
Lead Disclosure
My wife and I are going to begin managing (i.e. finding tenants for and being the tenants' main contact) for several rental units that my FIL owns. His health no longer lets him do this. We currently own and manage ...
Eric Ashby
Unsolicited text and calls inquiring about purchasing property
I am a small investor (10 rentals) and I receive multiple calls and texts daily (even at my workline) asking if I would be interested in selling property I own. Is there a way to stop this without changing the legal...
Shawn Munoz
Moving out and renting
Is there a penalty for moving out and renting your property in a short time frame? Let's say I purchase a duplex using an FHA. I tell them I am going to live in one side and rent out the other. Then a week after closi...
Kevin T.
NC Executive Order 142 Eviction Moratorium
Hello, Wanted to hear opinions of this. I never thought something like this was possible. The Order’s evictions moratorium:
Is effective immediately and lasts for 3 weeks;Would prevent landlords from in...
Tanjaree Turner
Withdrawing from 401K for investing
Looking for input regarding the pros and cons of withdrawing from a TSP (= govt 401K) plan that is just sitting to use to purchase an investment property. I'm no longer a W2 employee so I am not currently contributing...