Chris H.
I know nothing about non-conventional financing, but have a potential option here and would like to learn.
Alright, I'm the guy from this thread. I'm looking to get an investment snowball going- I've got a decent amount of cash but I'd like to get in to even more houses than I could buy with 20% down + fix up costs.
A yo...
Account Closed
Calculating basis on a Flip when 401(k) loans are involved?
I have a flip I am finishing up. My wife and I took out two 401(k) loans - $50k and $30k - to purchase and rehab it. Let's say the ARV is $120k. Would the basis be the ARV less the cost to purchase is ($50k) and the c...
Steven Burrows
Leveraging 401(k) and annuities
Is there a way to leverage the funds I have in my 401(k) and annuities to acquire hard money?
Nick Fegley
Sheriffs Sale - Lien and Subordinated
BP Community, I appologize up front for asking this question, as I'm sure it has been answered somewhere on this site, however, I was not able to find a clear answer. Situation: Sheriff's Sale of properties I would li...
Derek York
Studen loans and the Pre-approval process
Hi everyone. I am trying to buy my first rental. The next step for me is to get pre-approved. I have an idea on the type of info they are going to ask me but I had a question about my student loans. I have about 30k i...
Robert Hetrick
401(k) loan and quit or lost job
Hi BP,
Quick question for ya'll. I'm considering a 401(k) loan to buy some investment property. My question has to do with how the tax and penalty is calculated should I quit or lose my job - I have no expectatio...
Greg Raymer
What Are The Ways To Avoid Foreclosure?
There are several ways to avoid foreclosure, including:
Loan modification: Borrowers can work with their lender to modify the terms of their loan, such as extending the loan term, reducing the interest rate, or forbe...
Bret Habura
Down Payment Cash - Investment Options
When you’re in the process of saving up for a down payment (20k-100k)... what do you do with the funds?1. High yield savings account the whole time2. Invest in conservative stocks/bonds, withdraw when needed3. Some co...
Gary Parilis
short-term loan from 401k for rehab
I'm investigating various options for short-term cash for rehabs. A loan for 401k looks like a good option. Any gotchas to worry about? Below are the rates charged in one of my accounts (Fidelity). As I understand it,...
Ryan Prange
Should I get a business loan to pay off 2 houses?
I have 2 long term rentals both at 7.5% interest rates.1. estimated value: $950k, outstanding mortgage of $574k2. estimated value: $900k, outstanding mortgage of $514k#1 cash flows nicely for me at $2500/mo, but #2 le...