I have a solo 401(k) and the funds are held in a business checking account in the trust's name at Wells Fargo. Apparently Wells Fargo is the most popular bank to use for this. I just found out that if I don't make a...
I am wondering if anyone has had any dealings with Vit Finance LLC and or George Lycos? He claims this business is "fully registered" located in Reno NV. This is part of the email I received after contacting him: Comp...
Hello Bigger PocketsI keep hearing about hard money lenders and they all seem to have loans available for new investors at least that is what they represent on their websites, but is that just a marketing trick? I hav...
When I'm wholesaling a property to a rehabber, and he uses a hard money lender, will my seller still get paid "cash". Is the process at closing different for that? I only know of the end buyer writing his own check fo...
I know there is no universal way of structuring flips, but how do you normally pay out your investors for a flip? Duration 6-12 months. Raising $365,000. Am putting in $75,000 of my own money. Do you pay out an annual...
I'm exploring the possibilities of being an HML (starting off on a smaller scale), and I have a few "newbie" questions for those who've done it for a while. --Is it possible to start off by lending smaller amounts, l...
Alright - complete newbie question here.
Is it good practice to get pre-approved for a mortgage? And should I go to multiple banks to see what the best rate I get? Also is it worth trying an online bank?
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I purchased my single family home a couple of years ago and since have it rented out. I use a property manager so that is an added expense but he has been a god send to this point. My issue is, that I have run all o...
If you opened your mailbox today and you received a windfall check for $100K (no tax due), how would you invest it?
Criteria:
Must be invested in real estate (or related)
Must be invested by 1/31/09
Should have a way...
What options are there for me to get assistance in a downpayment? I’m not sure if there is, but coming up with the finances is very hard all of a sudden, and the math never pans out when I work on it. Thanks for the h...