Sandy Sawyer
Looking for a way to invest my ROTH money
Please forgive me it this ground has already been covered, but I've read that I can use the money in my (and husband's) ROTH IRA to fund investments, but better to put them in an LLC that I can manage the checkbook. I...
Kieran Donahue
Looking for some advice on acquiring a piece of land with MH.
I live in a community of mobile homes that are generally on 1 acre lots or larger. Discovered neighbor is being foreclosed on and I'm guessing they have 30 days to vacate. The 30 days are up on the 11th and the prop...
Josh C.
What to do with 100k in equity on first flip?
I bought my first foreclosure flip for 213k, put 25k into it (238k note), and now will sell for around 350k to 360k. After all expenses paid, I should net around 90k-100k. With the goal of buying and holding and doi...
Chris Weiler
UBIT, Roth IRA and a private loan
Let’s assume I would like to purchase 200K in properties using my Roth IRA for 10% down and a private investor for the rest. These are high cash flowing properties. Assuming I have the properties in a self-directed R...
Sandy Uhlmann
Journey of a newbie 2nd lien owner-Foreclosure Sale Question
I purchased a note in 2nd position several months ago. HELOC with original amount of $100,000 UPB of approx 75,000. First is current with UPB of just over $100,000. House seems to be worth $170,000+. Homeowners cur...
John C.
Pay off Property?
Hello, I'm curious about the advantages and disadvantages of paying off my investment property. I currently have enough savings to pay off one of my investments (which has a 15 year loan) completely. On a monthly ba...
Daniel Durham
Internet Rental Scam:
Hi All,
Ok perhaps I posted in the wrong area the first time I posted this, but for whatever reason it was removed from the general forum with no explanation for it so I'm reposting it here in hopes that it stays pos...
Bruce Scannell
LLC Formation, who's the managing member?
BP world,I'm trying to put together the operating agreement for a property holdings LLC and need input on the pros and cons of making myself managing member. I have a management LLC with my wife and I, and I'm looking...
Marty Smith
Private money lending
Hi BP friends. I'm currently a private money lender based here in Phoenix. I'm currently seeing a surplus of capital and reduction of rates with new competition. I'm looking for alternative options to place capita...
Thomas H.
Is a RE license necessary??
I've been marketing online and through advertisements looking to buy homes. I've done several deals now from these marketing efforts where I have essentially assigned the contract to a Rehabber here in the Bay Area.
...