Has anyone used this kind of an account to buy real estate? Pros, Cons, Costs, and overall experience? Let me know and thanks.
Hello BP Community!I am looking to convert my captive IRA (i.e., only allows me to invest in stock/bonds) to a self-directed IRA, so I can use those funds to purchase properties. Does anyone out there have any recomme...
Hey BP!
I'm looking for my next investment to be a BRRRR, and am looking for my cash purchase to be through a wholesaler. I think for the most part I understand the points of "what to be aware of" in working with a w...
Hello BP,I'm a wholesaler in NC and have a deal that I want to do a double closing on without bringing any money to closing. I spoke to one attorney that said that's not possible in a Dry state but I know this happens...
Is there much of a reason to have different offers for each state?
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Hi,I'm starting here that double closing are not really ideal, so as a substitute, it's advisable to use transactional funding. Is this correct?Also, is there a reasonable rate for transactional funds to shoot for?Th...
Good day, All! New to this whole note buying business and I have run across an interesting scenario that I'm hoping you all can help me out with. I just bought a non-performing 2nd note on a home where the 1st note is...
One of the realtors I work with called me with following deal. She has someone who owns free and clear a SFR 3/2 in a nice neighborhood. He needs a cash injection to pay some medical bills. His wife has cancer. Th...
Hi All,
Recently we got a house under contract at 1.1m. We then had a buyer sign an assignment at 1.2. The EMD was 36k and the buyer put 33k(?) into escrow. Then a few days later the buyer said they didn't want to go...