Johnny Horner
Buy property cash with self directed solo 401k and refinancing.
Can a person use a self directed solo 401k to purchase a property cash and after you close get a loan and pay back the self directed solo 401k without any penalties? The thinking here is cash and quick closing makes ...
Todd Hull
Fourplex flip- Loxley AL
Investment Info:
Small multi-family (2-4 units) fix & flip investment.
Purchase price: $156,000
Cash invested: $130,000
Sale price: $435,000
Extremely distressed FourPlex. It was occupied by ...
Joshua Hunsicker
Flood zones and borrowing money
I bought my first property about a year ago. I bought the property with seller financing and made the mistake of assuming flood zones were big red flags that pop up on every purchase. She listed "unknown" on the discl...
Dan Verdick
Line of Credit for Down Payment
Hello,
We have our house paid off. At the time of paying it off we took out a line of credit back in 2011. I am looking at rental properties and thinking of using a small portion of this as a down payment. We...
David Ronquille
Looking for Advice Please!
Hi my name is David, I'm looking for advice. In 2016 my aunt had two property's and wanted out because she was to old to deal with it, but she did not want sell because she needed the income. So i took them ...
Paul Shepherd
New Landlord Needs Help - Detached Garage Electric
Happy New Year BPers! I'm looking for best practices advise/help. I recently purchased my first rental units back in May and all has been good. I have a single fam and a duplex. The tenants in the SFH called me th...
Mary Faith Janson
[Calc Review] Help me analyze this deal
View report
*This link comes directly from our calculators, based on information input by the member who posted.Can someone look at this BRRRR report and let me know if I am filling it out correctly?...
Rob Willis
Lender Requirements and Restrictions when selling a Flip
BP - I working on my first flip and looks to be profitable, but I was discussing with my Lender, and he mentioned there were restrictions with the buyer's lender when selling if the price will be more than 20% more th...
Chance Love
Can a HELOC be used on a future primary home as a down payment?
I've lived in my primary home for 10+ years that has a great amount of equity and I'm considering doing a HELOC and turning my current primary home into a rental which will produce great monthly cash flow based on the...
Andrew Emery
Failed sewer scope, should we walk?
Hi folks, we are into our second potential deal that might blow up.My question is should we walk away from this deal? We have had the sewer scoped twice and found an offset both times, and we are asking the seller to ...