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Proof of funds when making offer to purchase?
Hello,
I've been researching properties in my area and have a pretty good list of properties I'd like to make offers on. When I start making the offers and the realtor or seller asks for a pre-qual letter or proof o...
George Red
Rolling funds into next purchase, what cost basis?
A hypothetical to see how people factor costs when rolling equity forward into additional purchases.For this example assume you purchased property “A” for 100k, and put 25% down. 2 years later you sell it for 125k so...
Bryan Feik
Using 1031 Exchange funds to purchase primary residence
Im considering purchasing a new primary residence. To fund it, I would sell my current primary residence and potentially one rental property (havnt decided which one, unfortunately I do not have one I have lived in f...
Doreen Hall
Is it hard to get a Cash out refinance on duplex investment
Hi! We Have an accepted offer on a duplex that we would like to purchase and renovate. I have a HELOC on another property that we can use to buy that property outright. My mortgage broker tells me that it can be hard...
Oscar Parada
First time investor
Hello, I'm looking into buying my first investment property possibly two this year. Area of interest is Alabama. With 20%down for both properties, should I consider llc or do it under my own name? Thank you
WIlliam Hernandez
Live in flip with conventional ARM
My background includes renovation, construction and apartment building property maintenance/management. I want to buy a house that needs work and do a live in flip.This will be my first home and I pre qualified as an ...
Daniel Showman
Using self directed IRAs to fund Real Estate purchases
I have been hearing a lot about self directed IRAs and how they have been used to fund long term real estate holdings. have any of you had any experience with working with a self directed IRA? If so could you shed a...
Michael Smith
Best way to get funds for an auction purchase
Hi, there is a house that is going up for auction and I was wondering what the best way to get funds for the deal would be. I was thinking a hard money lender might be the best way to go.
Frank Teshima
Using private lender's HELOC to fund 100% purchase price.
Hey everyone, I have found a potential private lender to fund my deals, and i am wanting to use their HELOC to purchase 100% of the property. I am having a hard time trying to figure out how they would make money. I a...
Joel A.
How to use hsa funds for purchasing real estate?
Does anyone know how you go about using funds from an hsa account for purchasing real estate? Are there any specific rules or forms for it or is just a matter of using the money then indicating on your taxes that the ...