Isaac Molina III
Would like to fully withdraw from my 401K for REI.
Hello fellow BP members. I would like to begin investing in rental properties in 2019. One way that I would like to start is to fully withdraw from my 401K.
I have Fidelity and it is a custodian 401K. I want to, firs...
Account Closed
Do I need to show proof of funds to get a house under contract?.
If a realtor has a property listed the homeowner is willing to sell their property for a wholesale price (because they are motivated) do you need to show the realtor proof of funds in order to get the deal under cont...
Amanda Musumeci Deeter
SDIRA/SD401k... Loopholes to Fund Disqualified Persons?
Hello!My husband's father has funds in his retirement account that he'd love to invest in our REI business. He's willing to move his current IRA into an SD account so to have checkbook capacity, however, we found that...
Vitalii Lunko
Seeking Advice on Hard Money Lending for Properties in North-West Florida
Hello, everyone,
I'm new here.
I have four properties in Alabama and Mississippi that are currently undergoing remodeling. While I have more deal opportunities available, I'm short on funds. What would you recommend...
Bernie Tobin
When to pay off home equity loans...?
After spending a ton of time on this site and listening to a bunch of podcasts, I am finally taking action. I've got a partner with experience in rehab/holding/flipping and today I began the process of getting a home...
Derek Morrison
Giving someone else a loan from a 401k
Hi, I was wondering if anyone has been involved in originating or receiving loans from a 401k to purchase a property. Not taking a loan from your personal 401k, but loaning funds to someone (or being the person that r...
Christopher Dunson
Private Lending Procedure/Docs.
I received a call from a loan officer today looking for alternative financing options for his client. From what it sounds like to me, this person owns a few properties free and clear, and is qualified and closing on a...
Mark Spritz
Self Directed LLC IRA
I was talking with the guy at MySolo401K about trying to open a Solo 401K. I have a Sole proprietor LLC since 2009 where I was doing consulting and training. My business did really well, but almost 2 years ago, I star...
Gabby Adrian
💡Tips for Success with A Private Money Lender!
Hi BP Squad! Happy ThursdayAs a lender one of the biggest hiccups in the flow of funding a loan and financing the rehab is the Rehab Budget and Supporting Documents.
Growing up, I remember my Dad writing all of his...
Imrana Latif
Real Investment Company in Ontario Canada
I am looking to setup a realty investment company funded by investors. What would be the steps to create such company, which will be using 2 streams of income, rental and buying/selling properties ?