Eamon Conheady
Do not use this lender!
I was purchasing a multi family through an IRA LLC and was utilizing debt to finance it, requiring a non-recourse loan. Was given the contact info for:American Money Loan Services and the person’s name, Tom Vanderlaan...
Bryan Hancock
How Large Of A "Bet" (Investment) Are You Willing To Make?
This topic comes up frequently on BP and it is something I am currently wrestling with for some new projects I have found. What percentage of your net worth are you willing to risk on any given type or set of project...
Maria G.
Rented to someone in the medical marihuana business?
I have an applicant who would move in with his 13-year-old son and whose other son (a UC Davis graduate) is going to move to a different region (two hours away). He mentioned that if things don't go well for his adult...
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Auctions
For those of you who get into rehabs, how often do you buy properties at foreclosure auctions? I dont see alot of people here that purchase from auctions. In general, do you find most of the good deals go the route of...
Account Closed
What to do with excess cash
Hi everyone! I’m new to BP and excited to learn from all you experts!
I have 250k cash in checking and am self employed and bring in 40k a month from this specific business. 30k of it goes to my financial advisor and...
Adrian Jenkins
Horror or Great stories for out of state newbie investors?
Hello everyone.As a newbie I am a little concerned about investing in a city and state I am unfamiliar with for the following reasons.a) buying in a place I’ve never been tob) not being able to tell what part is good ...
Paris Williford
Smart or SCAM? - Help a Newbie with Some Math!
Hi All,I'm a super newbie, and I've come across an opportunity to invest a small chunk of change in a development. This seems to be a form of syndication but I want to be sure it's legit and potentially profitable bef...
Account Closed
How long does it take you to rent a property in a D class area?
How long on average does it take for you to rent a property in a D class area?How often do you show the property?Do you do open houses or personal showings? How many people dont fill out applications in full?How do yo...
Carey Harris
The number one rule in Real Estate
Location, Location, Location! If you have property in the right location, at the right time, you can't help but make money. Simplistic but true.
Yuliany W.
Withdrawing funds out of a 401(k)
Hi all,
How do you withdraw the money in your current employer's 401(k)? I don't have a financial hardship, and I don't want to take out a 401(k) loan. Is this possible at all?
I know there are penalties for withdra...