Gene Whoop
Money down resources
So I am looking to buy my second multifamily. I found a property I am interested in, but I need to take out all my savings for the down payment. I actually think I will need more than what I have cash to cover closi...
Joshua Durrin
Refi for a Property Owned in 401k
Hi all, Need some help. I have a property that is owned within my 401k that I self manage. As such, I understand that I cannot be made liable for the payback of the loan, rather my 401k needs to stand as credit worthy...
Balaji Srinivasan
Tenant Rental Application - Documents to ask?
Folks-Hope you can help me, i have an application from a prospective tenant, the self-disclosure shows an adequate income-to-rent ratio, and the income source is from a business. The credit report and background check...
Jennifer Sleider
Tenant Not locking outside door on Duplex
I have found that one of the unit in my duplex has tenants that frequently leave the outside door unlocked. This door accessed the shared basement so it could open me up to potential loss as well as heated disputes if...
Chris Weiler
Can I convert an IRA into a Self Directed 401k?
So we know you can convert a 401K to an IRA. But can you do the reverse? Assuming you're self employed and have an IRA, can you convert it to a SD 401K? How about a Roth IRA into a SD Roth 401K? My ideal plan would be...
Zach Chandler
Blue Ridge, GA Property Management
My fiance and I are currently looking for a STR in Blue Ridge, GA. While searching we are lining up all the other items needed to have the STR up and running day 1. One of these items is property management. We hav...
Amber K.
New Employer Offers Self-Directed 401k
I was "traded" last year to a subsidiary of my long-time employer and that subsidiary is now an independent company.When signing up for benefits this week, I noticed something unusual about their 401k offering. They c...
Patrick Crehan
How many properties/units can you self manage before it becomes impossible?
short background. I am about to start looking to buy a second rental property here hopefully in the next coming months. But also, I will be moving out of my house around the same time and turning that into a rental. I...
Kristen Martin
Is cashing out a 401k brave or stupid?
My husband and I have separate 401k accounts through our jobs. The current balance on them combined is around $140,000. We're contemplating cashing them both out to invest in multi-unit rental properties. After tax an...
Nirbhik Modi
Introduction : New to BP from Addison (Dallas) , Texas
Hello BP community , My name is Nirbhik Modi and I joined BP few weeks back, so I thought I should introduce myself. I work as an Electrical Project Manager for Texas Instruments in Dallas. I have been doing stocks in...