Mike Gennaro
How can we extract money from a 401K for RE investing? Can we use the money in our own LLC?
My friend and I own a leasing company. He has a 401k that he would like to extract some money from for use in our company. We are new to the legalities of this. Do we need him to roll over into an IRA first? Self dire...
David Chance
What are the issues with servicing your own note?
I'm asking this question because I currently hold a note with a partner for an owner financed land sale. This was a sale that we did a couple of months back to someone we knew. Loan (~125k @ 6% with a balloon paymen...
Jimmy O'Connor
RE Headaches #1: Lenders let "As-Is" Appraisals affect the loan??
I was recently working with my investor to lock down a property in West Philly and his lender changed the rates since the "As-Is" appraisal came in 15k lower than purchase price of the property (the appraiser ignored ...
Matt S.
Downpayment Funding Options
Hi all - first post here so bear with me, I’ll try to keep it concise. In short, I’m preparing my finances here to put me in a position to purchase an investment property. Due to new COVID-19 developments, it’s my und...
Tony Robinson
Best Way to Get Approved for Hard Money
Hi Everyone! I want to use hard money for the first time to fund my next deal. I would love insight on how to increase my chances of making this work.Current Situation: My first flip is under contract for $45k purchas...
Dan Kieres
Advantages of Hard Money Loans vs. Private Money Loans
Found a great article detailing the pros and cons of both Hard Money and Private Equity. Enjoy!
http://www.finweb.com/loans/hard-money-vs-private-money-in-real-estate-investment.html#axzz3375gYG6A
Nick Stango
2 years back taxes in PA, can a homeowner loose their house?
If a homeowner is two years behind on their real estate taxes, and the county has issued a notice of sheriff sale coming, does the homeowner have the right to set up payment arrangements before sale date and if so wha...
Albert George
Cash for Auction property
Hi All,Need suggestions and direction to proceed.I am looking at an Auction property which I want to buy as an investment. The bank needs cash for this property, however I can only secure a loan for which ima already ...
Michael McIntyre
Chicken or the Egg? Which is first?
So I understand what private lending is. I'm just having a hard time pulling the trigger. Here's what I have. I have a deal that I like. Acquisition is 100k needs about 50k, ARV is 225k on low end. (I like to be conse...
Miles Thompson
Cosigner on refinance / ADU build
Hello,Looking for general advice.I'm looking to have a ADU built (laneway house) in Nelson, BC, Canada, where I own a rental propertly split into 2 rentals suites.To get the financing, my income isn't quite high enoug...