Rich Petrucci
How to Withdraw from SEP IRA for First Time Purchase?
I have a self directed SEP IRA, with about $25k in it. I'd like to borrow from the account for a downpayment on my first property. I would owner occupy a multi family. I've read you can take up to $10,000 out of your ...
Thomas Fortune
Cash as Collateral for LOC
Anyone using cash as collateral for a line of credit? I've got a local bank that will provide LOC that's 2.5x the cash amount (100k in cash gets you a 250k credit line). Curious if others are getting better/worse offe...
Charles May
Self-Directed IRA To Purchase Rental Homes
Hello,
Sort of new to BP. I am looking to purchase a rental home in my area, current listing is for $49K. My question is this. I have around $20K in my current 401(k) at work that I would like to roll into a SD IRA. ...
Ana Marie B.
Inspection Response Period Over....No Response from Seller Yet
Hi BP Folks! My husband and I are in contract on an investment property as buyers, completed the inspection, and our agent submitted our repair requests timely. Contract specified that seller had 2 days to respond (y...
Steve Englehart
Cashing out IRA to buy rental properties.
I currently have two long term rentals and am looking into buying into the short term rental arena. I know there are penalties and tax implications but wanted some advice on cashing out Roth IRA or IRA to buy investm...
Benjamin Necci
Fundrise?
Does anyone have any experience with an investment vehicle like https://fundrise.com/? Just curious if it is a big scam, or something to be considered. Maybe a good move for a novice? anyone have any thoughts?
Alex Get
How Can I withdraw Auctioned Property with multiple issue?
Hello BP,
I bid a property on auction and a title company I chose notified me that because of multiple issues on the lien sheet and an active tax sale case, they are unable to insure this property and I contacted my...
Cal C.
Surprisingly Simple Math to Early RE Retirement (Napkin Math)
I posted this in the member blogs last week, but wanted to get some more eyeballs on it.As many of you know, Mister Money Mustache (MMM) wrote a blog post entitled The Shockingly Simple Math Behind Early Retirement th...
Dave Adell
Any lenders use gross business income to qualify for a home loan?
Do any lenders use gross income to give home loans? I found one that calculates net income by using 50% of gross income from my business. Looking to see if any other lenders do the same. Thanks
David Wilmer
Getting started with first STR
Hi! Recently joined BP and this is my first post... Looking to get into the STR business with a main goal to maximize cash flow and hopefully grow a little over the next few years. I have a couple of initial question...