Andrew Goo
Earnest money deposit for "as-is" sale
Hello all,I'm considering making an offer for a house being sold "as-is." I'm aware this means the seller is not willing to pay for anything wrong with the house. My question is, if I find something I do not like abou...
Jen Wells
HELOC for rental downpayment
Hi All,Debating a HELOC on my primary residence to obtain funds for a downpayment for another rental property. Does anyone know if the heloc interest would be deductible under the new tax reform given this situation?...
Charlton Zang Jr
Using and old IRA account for financing
Is there someone that could give me some advice about using and old retirement account as start-up capital?
Robbie Pratt
Can I use my Self-Directed IRA for renovations on a rental property? This Property is currently my primary residence.
My family and I currently reside in a 3/2 1500SF SFH. I bought it about 6 months ago with the intention of turning it into a rental in the next 1-3 years as our family grows. There is about $7K worth of repairs t...
Danny S.
401(k) Situation
Good Morning BP!So I have about $19k stuck in a 401(k) account with a former employer. I'm fairly young, 30, so my investment allocation was 85/15 stocks to bonds. Since its inception over 5 years ago, my overall rate...
Christopher Erwin
Should I Give a Property Mgr Debit Access to my Account?
A property manager I recently hired asked me to sign a form giving his firm permission to credit my account for rent deposits, as well as permission to make withdrawals as needed. He noted that he has never made a wit...
Christopher Morin
Tenant wants to give 15 months rent UP FRONT
Yep, 15 months. She's not a drug dealer, but she is receiving a very large divorce settlement, has no income, will be going to nursing school. She is worried that without income she'll have a hard time getting appro...
Nithin Mathai
Opening a Business Bank Account with a Partner
Hi BiggerPockets Friends,My business partner and I are looking into opening a business bank account. Each of us has our own holding company LLC and the property is held in an LLC which we both own 50-50 through our ho...
Doug Underwood
Taking out money from IRA
Does it ever make sense to withdraw your money from an IRA before retirement to invest it in real estate? I know there is a 10% penalty plus it is taxed as income, however I would be able to invest the money in multi...
Verenna Huerta
Pension Plan Money for REI
Hi BP Community! I have a defined benefit pension plan from a previous employer with about 11k and I want to set aside that money for REI. I have a Roth IRA that I could roll it over to and keep the remaining 5k but w...