Gail Greenberg
Can I take out a hard money loan for purchase and use IRA for renovation money?
Hi All,I just put a house under contract that I'm going to flip. My partner and I plan to get a hard money loan for the purchase and then use my self-directed IRA for the renovation funds. My IRA is a "checkbook" IRA ...
Keith A.
Mortgage note in deceased parents name and taking ownership through probate
I have a property (father's) that I can take ownership of through probate. The value of the property is a little higher than the mortgage balance but not much. If I rent it we will make about $200 per month. It was...
Adam Scheetz
How to setup a Self-Directed IRA as an LLC?
My strategy for investing includes Buy & Hold, financing flips, and of course Lease Options!How can I best setup an IRA in which I can own an LLC to purchase and acquire properties, that are LLC's themselves?Sorry...
Chinmay J.
Need Bridge Loan for Quick Closing....
So for last week or so I have been talking with a homeowner who seems to have fallen on hard times due to COVID-19. He lost his job 2 months ago, and is moving out of state. He has a townhouse in Chantilly, VA. ARV of...
Jenni Mohoney
Where to start in today's environment
Hi BP. I'm new to REI and I'm struggling on knowing where to start. I'm in a knowledge accumulation phase of reading whatever I can get my hands on but a lot of the books say different things on how to get started. I ...
Neda Navidnia
Rental application screening in Canada
Hi all,I am a property manager in Houston and I have received an application from a family that have been transferred to the US and I am dealing with a relocation company.Since they just arrived and they don't have so...
Gabe C.
Cost of running an LLC in NC
I'm considering setting up a checkbook LLC IRA with some old IRA money I have from old jobs in order to do a few buy and hold deals with non-recourse loans. I would set up the LLC in NC, and it seems like the setup fe...
John Wenhold
What offer to make on property
So I'm looking into purchasing a loft condo. There are multiple units available, but I think if I do purchase I will be purchasing one that is approximately $300k. My question is, what offer price should I give them...
Zach Dermer
Borrow from a 401K for BRRRR investing?
Looking to get some insight as I look to begin investing in real estate.
Should I borrow money from my 401K to be able to pay my first rental in cash? Would use partial cash and partial 401k funds. The plan would be ...
Carlan Rader
what to do with land contract.
I'm getting ready to sign a seller financing contract. this is my first ever seller financing deal and I have alot of questions. 1: do I sign under my personal name or under an llc.2: if seller finances to me perso...