Alan K Auman
Using a 401k loan to buy sfh rental property outright,then doing a refi to pay off 401k laon. Anybody have experience with this strategy?
I want to buy a sfh rental using my 401k. Essentially I want to be my own private lender by loaning myself funds out of my 401k to buy the property free and clear and then do a refi 6 or so months down the road in ord...
NIcholas Hamel
Interest Only HELOC??? Good or bad?
Hey guys looking to get a HELOC on an investment property. I’ve called numerous banks and found one that will do it but it’s an interest only HELOC. This is my first time using a HELOC. Is this a good idea or no? Th...
Account Closed
Can I reject an applicants request to withdraw their withdrawal?
Lol no this is not a riddle. I actually had an applicant that was going through the screening process with the HOA of my community request to withdraw the lease agreement. The applicant did not want to wait any long...
Prashant Sheth
Loan from IRA - 60 day
I borrowed from my IRA and wasn't able to pay the amount back in 60 days. If I were to borrow again in less than a year and pay this 2nd loan back would that be possible or is that not an option?
Reese W.
Using a "roth loan" for down payment on conventional loan?
My plan is to use my roth for the down payment on a conventional loan, then replenish the roth loan with unseasoned cash well after closing (from investors or bitcoin liquidation). Will the lender have any issues wit...
Hugo Zertuche
Using a 401k loan to buy a property
Hello BP community!! I have landed my first deal and looking for my second and third. I do have the cash for the second deal, however for the third I was thinking of taking vested money out of my 401k.I would apprecia...
Matthew Gil
Sen. Judd Gregg Withdraws as Commerce Nominee
Sen. Judd Gregg Withdraws as Commerce Nominee
Obama nominees are dropping like flies. Have admit that the senator walks the walk...
http://www.cnn.com/2009/POLITICS/02/12/gregg.nomination/index.html
Rob Riedler
Mortgage payment lost by the mortgage company
Hi everyone, my wife and I are new investors. We've owned our first investment property for only 3 months. We got a statement from our mortgage company showing our payment for the past month is overdue. On the phone, ...
Nick Loref
getting more info on a forclosure/ leins
HI all, I've been fishing for forclosures in Brooklyn and found a nice prospect. When I contact the agent about a viewing they just tell me to make an offer sight unseen. And when I ask if their are leins they tell me...
Account Closed
Backing out after Purchase Agreement signed but no money wired
I signed a purchase agreement for a home that my realtor said was in a good school district, but when I double checked, he was mistaken! No money has been wired. Can I cancel the purchase?