Anyone have any thoughts on a loan to myself from a Solo 401K plan? As I sit here thinking about creative ways to fund a deal, including hard money, I have come across the idea of a Solo 401K plan and loaning to myse...
I am sure this question has been asked before, I am doing some research and survey, and would appreciate any suggestions, thoughts, and advice. The scenario: "I have been a casual real estate investor for some time, b...
I am currently using hardmoney to do a flip. As #2 exit strategy, I was thinking of renting out the property and and refinance to get my cash out but this seam way more complicated.I talked to several bank about refin...
Hi BP family.
Quick question:
Lets say, I paid $100K cash for a property purchased under a LLC. Few months later I refi'ed the property at a slightly higher amount and the bank paid the llc back $120K.
If I use the...
I’ve always had this concern do u need a business account bank account or you can use your personal account bank to do real estate investing. Do u need a create a different account if u put a property under an entity?
Greetings BiggerPockets community!I have what I believe to be a rather strange situation on my hands. I am in the process of purchasing a primary residence for myself and my significant other. We are doing a 203k stre...
My wife and I are looking for a way to preemptively protect our personal home from outside personal creditors (we have no creditors or obligations now) . GA has a weak homestead exemption and we have a lot of equity i...
Are both a Promissory Note as well as a Deed of Trust needed for a small private loan (~10% of single-family house cost)? I've gotten two "yes" and two "no" responses regarding the need for a Deed of Trust. All four...
I am a Michigan landlord, and I finally had to go forward with an eviction. We attached the Notice of Eviction to the rental property door and mailed a copy of it to the tenant. After the prescribed 7 days we receiv...
So I am under contract for 230k on property with arv around 370. Hard money is willing to finance purchase and rehab but I’ll need to bring 30k to closing. I don’t have 30k. Now what?