Matt DuSold
Using 401K funds for a flip
Sorry if this is answered, I feel like I've seen a lot of different responses on BP and then different responses on the web as well. I guess my question is pretty simple, can you use 401K funds for a flip and if so ho...
Jason Pritchard
Found the remains of the previous owners wife at one of my flips
Sooooooo.....I just recently purchased a house that I am in the process of flipping and today one of the guys in my contractors crew found the cremated remains of the previous owners wife in the garage. I have tried ...
Henri Meli
Real estate purchase using 401k
I learned something recently about 401ks that I didn't know before and it really threw me off. Now I'm scrambling for alternatives.
I have been working a corporate job for the last decade. During that time I ...
Brian Cain
Portfolio Growth and Generational Wealth Creation
Hello BP friends. I would appreciate an expert's opinion about a fortunate situation I'm in. I'm starting my own family-owned real estate investment company. To summarize, I want my entire family to be a part of this ...
Anthony Gayden
Walking the Tightrope between Debt and Leverage
What is a good balance between debt and leverage?The biggest mistakes I have made were when I assumed I was strong enough to overcome the psychological effects of dealing with debt. Last year (just after I was on the ...
Mike Gerson
Tenant died of Covid, wife left unable to pay rent
I have a terrible situation. Pretty good tenants for 2 years. The husband died of covid. Wife was also hospitalized with covid but is back home now. She remains on oxygen and has nurses coming to help care for her...
Chris Yeung
Exit strategy for buy and hold investors
This has sparked my curiousity as I have not done this before. What would be the exit strategy for a buy and hold investor?For example, I buy an investment property for 100K(20k down at 4.5% interest) and rent it out ...
Jonathan Jewell
What would you do? Take a chance or run.
I'll keep this short and sweet. Went to see a MHP this morning, got a call from one of my ads, and OH BOY, I have a story to tell.. Met the owner. The guy is literally getting chopped up from diabetes. Leg was ju...
Edward Stephens
Forming LLCs for a Duplex House Hack
Dear BP Community, I am buying both units of a duplex, leasing one unit to someone else and living in the other. I’m taking a hardship withdrawal from my 401(k) to fund the purchase. Any comments regarding my decis...
Terrell Garren
Would appreciate financial advice regarding 1% rule
59 years old with 16 SFHs near Charlotte, NC. No debt (please don't beat me up regarding no use of leverage - I'm an old guy and just don't prefer debt at this point in my life). I do my own PM and set my rents aroun...