Daniel Halsted
How to structure to be a private lender
I recently opened an EQRP solo 401K and it was suggested that I look into using the funds in the account for private lending. I'm familiar with private lending just not being a private lender, is anyone else using a ...
Shaun Skeffington
Question On Using 401K
Hey Everyone.. My wife has a 401K plan she had with her previous employer and does not work anymore. We called the investment company that has it and stated we cannot borrow against it due to her not working anymore. ...
Arnold Caceres
Borrow against 401k for real estate?
Hello all,As many others in corporate America, I have some savings tied up in a 401k. I still have many years before I can retire and withdraw penalty free, but I was investigating and saw I’m able to take out a loan ...
Gustavo Orozco
Limited funds and corse of action
My question is simple. Should i wait to build a little money or should i take action? I'm new to Real Estate and i have a limited amount of money. Right now in my 401k i have $4000 available to me. I have no other sav...
Sharon Ho
Finances of a Real Estate Investor
I'm curious to learn more about personal finance choices that BP members have made in addition to owning real estate. As you build your wealth, what are your "must have" numbers or "must do's" in life? Many recommend ...
Dan Craze
HELOC to fund 20% down payment on 2nd home
Our goal is to buy a 2nd house, move, then put our 1st house on the market (ideally, it will sell very quickly, however, we are planning on having to pay both mortgages for a while if needed). Let’s assume for argumen...
Billy Rogers
Can I take cash out of Self Directed IRA and Pay penalty
Can I set up a self directed IRA, invest in rental properties and pull out the cashflow every month and pay the 10% penalty until I'm retirement age?
Ashan D
1/3 Of My Income To Taxes If I Don't Do Something!
Guys,
I have been thinking about taxes lately and have come to realize that they will hit me very hard if I do not proactively find a solution. I trade the markets with with few expenses to deduct and will be in the ...
James Davidson
401k withdraw & the Coronavirus
With the CARES Act and the ability to withdraw 100% of my 401k without penalty I am very close to pulling it out as a loan to myself. This way I essentially have 3 years to pay it back and when done it still grows. Wh...
Felicia Bridges
HELOC and primary home loan
I’m am looking for a HELOC, so that I can have capital available for down payments/investing. I have never had a HELOC. One company wants to refi the conventional loan on my primary residence in combination with the H...