Jennifer S.
Self Directed IRA Cashflow
I've been reading up on the Self-Directed IRA, and from what I've found is that any cash flow/profit goes back into the SD-IRA. How does one legally obtain funds from a SD-IRA for basic living expenses if the purpose ...
Chuck King
Lease: Simple vs Complex
I am trying to draw up my first lease and I am at a crossroads. I am leaning towards a simple lease that notes the length, fees that will be assessed (late, returned checks, etc) and a few general rules (legal jargon...
John Jacobs
Private Money Lending Question
Hello Bigger Pockets,I am a Private Money Lender. I only lend to real estate investors. I only lend to business entities (i.e. LLCs and Incorporated). I do not lend to individuals. I also only lend on non-owner oc...
Stephanie Trevizo
Seller financed 2nd will not accept payment
Hi everyone, in April 2020 we purchased a 4-unit property in Los Angeles where the seller financed a 2nd mortgage. The seller stayed in the property as our tenant after close. We are attempting to pay off the 2nd, whi...
Dale Carlson
What would you do? Wait? Or use your IRA now?
I have one property with a partner that we paid cash with. It is a modest $300/mo for each of us.NOW - i have an IRA that i would love to use on a couple of duplexes to really get my feet wet individually. but i am ...
Joshua Hill
getting a tennant to move out?
I have just purchased a duplex. One side has a tennant that I want to vacate the property since her current lease is up. I would like to renovate the property and have a feeling she is not going to be cooperative. ...
David Kim
Is the seller's bank entitled to more than remaining loan amount?
Hello,I'm working on purchasing a commercial property, and I have a concern about the seller's situation.Suppose Person 'B' (for buyer) is working with 'S' (seller) to purchase a commercial property 'P1'.They agree on...
Ace A.
Can Security Deposit by used as Holdover by Tenant?
Hi All,So my tenant finally left my rental because he was buying a house. He wasn't sure when he was going to close so I wrote him a 45 days vacate letter to leave my property thinking that would be enough time plus I...
Eugene Thurston
Buying a property with a tax lien
Good morning Bigger Pockets,
I am interested in purchasing a property that looks like a good rehab project. The property’s owner passed away a few years ago and their daughter now owns the property but she lives out ...
Lennie Holland
Investing 401(a)
My current 401(a) is held by Mass Mutual and they tell me that I can't roll it over to anything else. It's embarrassing that I don't know more about my own retirement account but I'm here now so I have to figure out h...