Michael Knaus
Can a 401K statement be used as proof of funds?
When buying from the bank, some banks ask for proof of funds. I'm wondering if a statement from a 401K showing enough funds would suffice. Anyone ever try it?
Quianay Laing
Where to put flipping income?
Hi there!! We are doing our first flip and are debating where to put the income going forward in terms of managing our business.. We know we are going to immediately use some to purchase more property. Those of you wh...
Angel Nieves
Best way to withdrawal 401k
Hello, I want to withdrawal from my 401k to have ready for an investment opportunity.Has anyone taken a withdrawal from their 401k retirement account during this covid pandemic? Per the Care act- an individual can now...
Josh Jacobsen
Sparkrent is closing?
I just got an email that sparkrent is closing its website to offer a "better experience" thru quick books. What are you currently using for online rent collection? And what do you like about it?
Yair Hernandez
Investing my 401k to RE
Since I started working for my current job I have been able to save money in my 401k, I have enough to start investing in RE. I called the 401k company and said that I can withdraw all my money if I want bu I have to ...
Michell Chase
Using lines of credit short term to DSCR closing costs…
I’ve already purchased 1 rental property (a duplex) this year with a conventional mortgage. I withdrew from my 401k for that as I am retired. I would like to buy my second duplex using DSCR loan which will require a...
John Zoumboulis
CARES Act take 100k for BRRR?
I have 2 properties in mind hard to pass up can purchase with 100k. Do a hardship withdrawal pay it back within the 3 years or loan within 5 years but with the loan a lot of cash would come out of my paycheck weekly. ...
Mitchell Kane
IRA or 401k for 1st down payment
Are there any strong reasons why it would be more beneficial to use a portion of my Roth over my 401k (or vis versa) for the down payment on my first home? Thanks everyone
Shannon Carter
401k withdrawal to invest
Hello Bp,
I would like some feedback on this creative financing I am trying to do.
I have done 2 successful flips and also have one 1 buy and hold.
Now that I have a little skin in the game I’d like to ask my dad ...
Peter Thielemann
The best tax advantage on cashing out the IRA if there is any.
I have a relitive that own's several rentals. He's suggested for some time now to invest in rentals. I have a few years left before I retire and I'm digging into withdrawing some money from an IRA. I'm looking into th...