Can I use a Self-Directed IRA for a investment properties down payment?. Or do I need to enough funds in the IRA to pay the full purchase price?Thank YouRandy from Raleigh
I have a full time job and rental properties. I'm looking for ways to reduce my taxable and am looking into whether 1) I qualify for a solo 401k as a landlord and 2) whether it will help me reduce my taxable income. I...
We will be looking to secure a traditional mortgage on investment property in a few minutes. Just wondering if it makes a difference on where we are keeping our available funds. We have a business checking account i...
My wife and I currently own and occupy our first investment property, which is a multi family in a pretty popular part of Portland Oregon. We have owned it for a little over a year, and have roughly 200K in equity th...
If I were to purchase a Trip-Plex with the expectation of living in one of the units. Would I be able to use the 203k loan to rehab the property? I know it works for your basic single family home but will it work for ...
I am a newbie looking for experienced investor’s opinion.The deal:4/2 Duplex in C neighborhood built in 1985Current rents 975/unitMarket Rate: 1200-1300/unitPrice: 300k (-25% down = 225k financed)Repairs/rehab: 15kI’m...
Good day to all,I have used many methods of cash in many purchases of our rental homes. I believe I heard on one of the podcasts that I could use my IRA to purchase a rental property. Are any of you familiar with this...
I applied for a Cash Out Refinance with the bank that holds my mortgage.
In an effort to actually enjoy my life and spend time with my 1 year old son as he grows up, I left my job at a Fortune 100 company to own a bu...
Hi BP!!!I am interested in getting into real estate and looking at a 6 unit multifamily for $250K.Before I proceed I was wondering which is the best option:1) Get a conventional loan with 20-25% down?2) Get a loan fro...
I’m looking to get pre-approved ASAP and purchase a single family house to live in in San Antonio by the end of this year. Looking in the $400-$500K price range and can put 20%-30% down. Won't qualify for traditiona...