Alan Lafontaine
What to do with 401k
Hi BP Universe! I'm in my mid-50's and just starting out. I have a small 401k of around $20k. At this point in my life, I see little opportunity for big growth in that plan. My question is, would it be wise to close...
John Magana
Early payback with creative financing!?
I am about 6 months away from starting my investment journey meaning starting the process of buying my first property. My question is this. The seller is asking $340,000 for a property. I offer them 250K at 3% seller ...
Marc Belisle
Crowdfunding has crowded me out?
Hi all,I've been researching various RE crowdfunding sites to park some money (and gain interest) while I save up for more properties and have found nothing but dead ends. Many only allow accredited investors. Groundf...
Nathan Kurzmann
CARES ACT to invest in real estate from 401k?
Thinking about utilizing the CARES ACT to pull 100k from my current 401k to purchase my first real estate investment property. There’s no 10% penalty right now and the tax pay back is three years. This has never happe...
Henry Lazerow
Deal Diary - BRRR 4 unit over 100% cashout :)
Purchased June 2023 for $137,000 legal 4. Property had water in basement, bad roof and units were trashed. In a C-/D area in suburbs. I normally focus on north side of Chicago but a client sent me this asking to co-in...
Brian L.
Montelongo's....uh oh
http://www.mysanantonio.com/business/article/Financial-roof-falls-in-on-pair-of-house-flippers-4559692.php
Kevin Allen
Cares act 401k question
My wife has been out of work due to the virus. She has a hair salon which has been forced to close down during the pandemic. Does anyone know if I will be able to wave the 10% early withdrawal fee if I take a distri...
Dean Suzuki
Where do folks put their emergency cash reserves?
Hi,
I have been reading the posts and have set aside money for an emergency funds for our rental properties. The funds are currently sitting in a bank savings account earning close to 0.01% interest. I am w...
Ramin M.
After I sell my home where should I store my money until I invest?
Hey y’all so my wife and I are starting our investing journey in the next few months. We are selling our home in sd august and relocating to boston. I currently I have a joint savings account with discover that’s 3.6...
Seth C.
Where do you keep your contingency funds?
This is my first BiggerPockets post as a new investor. I am curious, what types of accounts/investments are people using for maintenance/repair funds and/or rent deposits? Are there any rules of thumb in terms of perc...