Anran Wang
Tenant offers to buy but cannot secure financing
Hi my experienced friends, I recently ran into a situation. I have a cheap rental property in Indiana valued below 40K. The tenant offered to buy but he cannot find a bank that is willing to lend this small amount of ...
Evan Kline
QUESTION: Sub-To Mortgage and HELOC
I have a sub-to deal I'm closing at the end of this week (hopefully! not counting my chicks until they hatch). Seller was about to foreclose, I offered to come in and buy the home, take over mortgage subject-to, no ca...
Nicholas Middleton
Creative retirement account uses
Here is a scenario that I would like to hear what you all have to say about. I am saving cash so that when the right investment property opportunity comes along I can jump on it quickly. I also have some personal expe...
Bryce Y.
ATM business. Putting an ATM machine on a MF property?
Just thinking out loud here. I'm always looking for additional income streams. Anyone know anything about running an ATM business?. I read a bit about it online from various websites, but from what I’ve seen there i...
Alexi Schreier
Property manager asking to be an authorized signer
Hi all,I’m about to close on my first out of state rental and have been in contact with a property management company to manage it.For accounting purposes, the PM is asking me to open a business account at a local ban...
Kathia Molina
Buying our first investment property
Hello,My husband and I are in the process of buying our first investment property. We have a HELOC and cashing out a 401(k) for the down payment. Both our tax accountant and financial planner are against the cash out ...
Jim Stevenson
Alternatives to 529?
Curious to hear other's thoughts on saving for college through a 529. I've started contributing ever since my son was born 5 months ago but I hate the fact that it can only be used for education. I feel like there's t...
Kwok Wong
Seeking Advice on HELOC Dilemma
Hello BP community, I am reaching out for advice on a financial decision I made that I am now realizing was a mistake. I used a HELOC on my primary residence to purchase a long term rental investment property. Subsequ...
Steve Englehart
Cashing out IRA to buy rental properties.
I currently have two long term rentals and am looking into buying into the short term rental arena. I know there are penalties and tax implications but wanted some advice on cashing out Roth IRA or IRA to buy investm...
Charles May
Self-Directed IRA To Purchase Rental Homes
Hello,
Sort of new to BP. I am looking to purchase a rental home in my area, current listing is for $49K. My question is this. I have around $20K in my current 401(k) at work that I would like to roll into a SD IRA. ...