Cameron Price
How do you ACTUALLY set up a self directed 401k
After researching different retirement accounts, I've decided that a self directed solo 401k plan is a good fit for me. I have self employment income and no w2 employees. When I search for how to start an account, I g...
Jeffrey M.
Qualifications for Loan Mod for Homeowner in Default?
Hello beautiful people of BP! So I work for a company that purchases preforeclosures and specializes in short sales. I want to build genuine rapport with the sellers I get into contact with and I understand that a loa...
Michael M.
Hold or Sell in the Bronx
Hold and rent out or sell?I was offered 300K more than my house is worth (a 2 fam). Currently, my mortgage is 2000 a month and my rental income is 4600, which leaves me with 2600 a month income after mortgage. My ca...
Rafael Esteves
Returns with syndication
Hey friends,I am wondering how large syndicated properties make the profit they do. In deals supplemented by a bank loan, many investors look for a 10% return or more; however, this return is only possible because the...
Account Closed
Taking Money Out Of 401k?
I have been putting 10% into my 401k from my full time job. Being only 22 years old, I am still learning how to invest my money. I started to flip houses with my father this year and we just finished our first house! ...
Justin Joseph
Zero Down Double Closing?
Hi Everyone,
I keep reading places that you can do a double closing, using only your buyers (the person you are wholesaling to) funds, making it a no cash required transaction. However it seems to me that to make th...
Jimmy Lieu
Does the HELOC debt acceleration method actually work?
Hi,
I just watched The Kwak Brother's video on the HELOC debt acceleration strategy which they claim it can pay off your mortgage in 5-7 years. Does anyone know if it actually works?
I am planning on doing around 5%...
Alexander Merritt
How Hard Money Loans work in detail
Hello BP!Can someone please explain to me IN DETAIL how Hard Money loans work? I understand that they look at the ARV of a property and then lend you x% of that (usually 70%), but what are the actual steps of getting ...
Allende Hernandez
Lease Options in Orlando, FL
Hello folks,I have my first house in the market!!!! After rehabing it my first baby is out and ready to hit the road, I am excited.Now, I am considering as well offer it for a LO for two years. I did a bit of a resear...
Account Closed
Moral Question
I've tried to make this story as short as possible. I recently purchased new stainless steel appliances for my rental. I was going out of the country and needed them delivered before I left so that the PM could list...