Joey Webb
Private/hard money lending for hold strategy
Please forgive me as I am new to the concept of private/hard money lending. My wife and I are new to real estate investing but we have discussed our long term and important goals to us and decided last year on a long ...
Jeffery Drayton
How does the hardmoney loan process work??
Hello everyone, I’m a new investor in the Chicagoland area looking to invest capital and get my first rental property. Traditional banks and even some credit unions have so many guidelines for giving you a mortgage t...
Blake Edwards
Another BRRRR, Another "Free" Property
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $55,000
Cash invested: $40,000
We found this one from a Wholesaler in the area and we jumped on it. Older individu...
Gregg Truex
Trying to better understand the cost on UBIT (Unrelated Business Income Tax)
I am purchasing a Short term rental and would like to better understand the potential tax costs of having a self directed IRA vs a self directed 401K. I understand that the 401K is not subject to UBIT but I don't kno...
Kellan Martz
Just closed on a buy and hold duplex.
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $68,650
Cash invested: $22,000
Buy and hold duplex. Cash invested in down payment and closing costs. We ar...
Robert B.
Opening Self Directed Retirement Account
Welcome Everyone,I'm a new BP member and a novice Real Estate investor. I'm determined to move my IRA funds from traditional to self directed accounts. I was hoping fellow members of this forum would be able to help m...
Jennifer Cornforth
How long do I need to wait between loan applications?
Hi there,I'm new to this forum. My husband and I just bought and started renting out our second property (besides our home) and I'd like to buy one more property this year. But the thing is that although we own all ou...
Ron Gee
Paying Back Hard Money Loan/Being Approved for Conventional Mrtg
I have a question. I am in the education stage on my real estate investor process. So far I have been finding the answers to most things but I have a question. Let's say I find a property and get it contracted. I find...
Jason Eyerly
Combining Cash Out Refi W/ HML...
Hello BP, I'm primarily looking to buy and hold, but I don't have enough saved up (nor will I in less than 12 months) but while thinking on it today I think I may have found a solution. I'm not sure how realistic i...
Andrew Pettit
Traditional IRA Tax Question
Good Evening BB, I have placed the maximum contribution for 2019, into a traditional IRA to maximize my tax deduction. My first question would be that while I have not purchased any securities with my IRA mon...