I'm confused. Can you borrow money from solo 401k for personal use? I understand like buying your primary resident. Can you take a personal loan? Personal loan can be buying a car or anything personal like that ri...
What are the biggest challenges you face as a private money borrower? What strategies have you found effective for overcoming these obstacles? Let's share our experiences and learn from each other's successes and chal...
Hello,Thanks to all the great knowledge found here and elsewhere we are close to purchase our first investment property (a duplex). Initial we were going to use a mortgage to purchase the property but my mom offered t...
Hello BP,I am looking to buy my first investment deal and I had a quick tax question for anyone that might be able to help. I have been pre-approved through the traditional means (20-25% down) but I have been recently...
So I have been in talks with someone to get private money. I have gone through purchasing the PPI and giving up 10% of the purchase price as security, as per the contract. Now the lender is telling me that there is ...
If I'm borrowing money from my brother's self directed IRA and paying back with interest for my first fix and flip, do I need to open a LLC or can I do it as a personal investment? My accountant told me I don't nee...
I have a house that is going to close on Friday. My lender took too long on the financing and now I am forced to buy the house cash through my “working capital” LOC on a property that is owned by my LLC. I have really...
So I looking to borrow money for a down payment from friends/family. I was wondering what are ways going about to pay them back? ex. paying monthly interest until I can pay in full, writing a contract and notarizing, ...
Good evening all, I was wondering what it is that you do when you would like to gain investors confidence in a deal? My biggest downfall right now is wondering what you guys use to get an investor under contract? Do y...
Hi all,First time poster here, I would like to buy my first home soon, so I am trying learn about real estate investing, from Seattle, WA. I am reading one of the Rich Dad, Poor Dad books: Retire Youg Retire Rich, an...