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Hi everyone,
I'm new to REI and have taken an interest in wholesaling. I've done lots of research and I'm ready to give it a go. However, I'm seeing lots of mixed opinions on what contracts to use. I see a lot of p...
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Is using a loan from my 401(k) to purchase a property a No No? And how would I structure a deal if I have no money in the deal?A close friend has learned of what I am doing (purchased 4 Single Family Homes this year w...
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I am new to RE in terms of wholesaling and creative financing and I'm looking for a good book to help get started. If anyone has any recommendations I'm all ears!
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I lent money to a flipper in San Diego who claimed bankruptcy and fled to Canada. I then realized the lender made over a million dollars when he foreclosed on his property. I was wiped out as second lien holder which ...
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Are you taxed on the money that you leave in the LLC's bank account? AKA the money that you don't draw out.
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If I earned interest on a promissory note, but incurred expenses to loan that money, how do I report that?I loaned money to a real estate investor who then used the money to fix and flip a property. He gave me a promi...
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Hello guys:I wanted your opinion on my intention of cashing out my 401k and Roth IRA account to use the money to buy real estate. I think real estate market has better opportunities at the moment and more potential in...
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The money I used to start the IRA was post-tax and the value of the IRA is less than what I invested. I was thinking of waiting for it to even out, or close to it, and re-invest the money somewhere else. Are there pen...
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Hi,
I am new to the real estate & investment world and could use some advice. I am in the process of selling my first home (a small condo) and will hopefully have a nice chunk of equity. Considering the curren...
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I'd like to propose a simple question. If you have the ability to source investment capital regularly at a realistic interest rate, let's say 7% APR. Is it wiser to borrow the money rather than 'earn' the money trad...