Johnny Horner
Buy property cash with self directed solo 401k and refinancing.
Can a person use a self directed solo 401k to purchase a property cash and after you close get a loan and pay back the self directed solo 401k without any penalties? The thinking here is cash and quick closing makes ...
Danny P.
Do Hard Money Lenders only lend to LLCs?
I’m a new investor trying to get all my ducks in a row in order to purchase my first property. I’m aiming for a BRRRR strategy, so I’ll be starting with a hard money loan and then doing a cash out refinance with a loc...
Steven White
Person-to-Person Lending
Good Evening BP,Has anyone ever used person-to-person lending example: Prosper to fund a deal? If so, how did the whole transaction work out for you? Would you do it again?Thanks in Advance,Steve
Arlen Chou
How do you, tax efficently, move money between your REI entities?
Hello All,I am still a relatively new buy/hold investor, but over the past 2 years I have put together a small portfolio of 13 doors. Although I am fairly comfortable with the mechanics of buy/hold, I am still trying...
James Conaway
Financing purchase with credit card
Between myself and my wife we have about $200k in credit card credit. Our credit card debt is about $2k right now.I have been building up credit lines for a long time in anticipation of being able to do something with...
Michael Gelatt
Refinancing my duplex
Hi all. Looking for some advice. I purchased a rental property last year that is titled under my LLC. I purchased the property with cash after I took out a HELOC on my primary residence. I first transferred the mon...
Forrest Garner
Obtaining a Mortgage with Multiple Investors
This might sound like a novice question coming from a novice investor. I have a group of 5 people looking to pool money together to purchase our first rental property. For simplicity, let's say each person puts in $5k...
Adam Smith
When to buy more property?
I just bought my first rental, a single family home. I want to eventually own around 20 single family homes a 2-4 duplexes.. How do I know when it's time to buy my next property?
Lane Kawaoka
QRP (Long term money) vs Liquidity
There are a couple caveats I found that make me reconsider a QRP:When you have money in these accounts it sounds good that you are not taxed on gains but you are restricted from getting a Fannie Mae loan. Using the QR...
Tony Sessa
Try to make my first deal
I have about $60k equity into my personal home. I'm interested in purchasing a duplex around $30-50k. I don't have much to put down as a down payment. Would it be wiser for me to take out a home equity loan on my pers...