David Gwilt
Solo 401k - using both Traditional and Roth for investment
I am going to be doing a debt consolidation loan to my brother-in-law using my Traditional and Roth Solo 401k (because I don't have enough in any single account). I have opened the Solo 401k checkbook accounts and ha...
Benjamin Furney
Does FHA come check on you?
I have any opportunity to go to school in Ohio and add another property to my Ohio portfolio using a FHA Loan. The city I want to use an FHA loan is in columbus and my college is Sanduskyabout 2.5 hours away. So this ...
Chad Bourque
1st STR Under Contract -- Direction Please?
Hi all,Our offer was just accepted for a condo on the beach in Miramar Beach, FL! This is our first foray into REI aside from our primary home (which while it technically is, I guess, I don't really consider REI). My ...
William J Hamm
Private Lender - To Good To be True or Not (David Tuttle)
Recently I came across an individual that is offering private money loans at 3% interest up to $3M loans. This caught my eye. This lender does require an application fee to start the loan process. To this point, I'...
Account Closed
Apparaisal and Line of Credit
Great forum here. Was hoping the experts can help me out. I purchased a property in Oct of 2010. The property had been vacant for two years and needed a bunch of work. Purchased the property for $60,000 and put in...
Dominique Mickles
Having Cash In Bank
Is it true that if I want to buy a house with cash it must be in a bank account for 2 months before I can purchase the home? (I was told saving it in my mattress won’t do me any good)
Liz Collier
VA Loan Explained to First Time Home Buyer
My Fiancé and I plan to buy our first home in 2020. We plan to eventually work our way into house flipping. I’m not military, but he is.Can someone explain the VA Loan and some of the pros & cons of using it in re...
Alicia Waldman
Vetting Hard Money Lenders
Hello All,
I'm new to BP and am using this site as source to educate myself about REI. My strategy is to rehab, buy and hold. I've found a few companies that offer 5 year interest only rental property progr...
Katie Rye
203K loans and HARP
Hi BPers!I recently bought my home with a conventional loan. I didn't know about the 203K loans at the time but I have a few questions. 1. Could I refinance my home into a 203K loan and get the needed repairs/improvem...
Dante Givens
Personal Loan VS Hard Money Loan
Hey BP!I have a newbie question. Why do most people utilize hard money loans versus personal loans in real estate transactions. I have a great credit score and I receive multiple offers for personal loans which leads ...