Kevin Schultz
Applicant with no income paying with trust fund
I have a potential tenant just starting college who we showed a unit to yesterday. Her father was at the showing with her and he is the manager of her trust fund, which will be used to pay the rent while she’s in scho...
Mel K.
Cash-out Refinance How-To
Hello Everyone,I know this is a newbie question, but can someone please break down the steps toward getting a cash out refinance for a property paid off in cash? What are some requirements lenders typically ask for? I...
Derek Tellier
What to do with my 401K?
My situation is that I'm 45 years old and I have a 401K with my current employer. They match 100% up to 3% then 50% up to 5%. So I contribute 5% and get 4%, immediately vested. I've been contributing this for about 13...
Austin Mize
Index funds for beginners
hello everyone first time posting in BiggerPockets, I was listening to the money podcast and Mindy and Scott where talking to a guest about low cost index funds in particular the S&p 500 and vanguard, I’m just ce...
Jeff Wallace
401k rollover to purchase rental property
I would like to hear feedback from anyone who has successfully used a Rollover as Business Startup (ROBS) or a Business Owners Retirement Savings Account (BORSA) to use assets in a 401k to fund investment real estate ...
Cathy Moore
Considering foreclosure auction for investment purposes~need help with timing and financing questions
As someone new to REI, I've been quite frustrated with the market here in Denver for those properties that have hit MLS. Everything is a multiple offer situation, I've lost 2 deals so far and the one I actually got a...
Shannon Moyer
Private money for flip
Hi all, I just upgraded to PRO today! Taking my first step towards REI and flipping. After researching, I cannot find the exact answers I need to for my questions, hoping you all can help! I think I found my first hou...
Westen Newman
Encroachment Discovery Before Closing
I am supposed to be closing on a property in about two weeks (April 17th). About a week ago the title company messaged me to let me know that they couldn't find a boundary survey for the property but they did find men...
Polo Vazquez
401k 10% Penalty waived du to Covid. Should we take it out?
I just finished talking with y broker and he has informed me that due to covid 19 the 10% penalty for taking your 401k before age 59 has been waived. My question to BP is... As investors, we are all looking to achieve...
Steve Chan
Why keep money in your 401K?
If your 401k provides a low rate of return and you know you can invest your money at a higher rate of return than the fees associated with withdrawing your money plus the opportunity cost of leaving your money in the ...