Jason Young
Cashing out 401k for rental
Hey BP fam,
Hoping to reach some savvy investors with this question. So I decided to close my old 401k from a previous company. I was going to move it into an IRA.
When I talked with my IRA rep he says I shouldn’t ...
Jack Wang
Tennant Suing for Deposit (TX)
Tennant of 2 years did final walk-through with landlord in person, noted various issues like fridge/oven/microwave cleaning & one missing garage key. Some burnt out light bulbs, dirty unchanged air filter, dust/ha...
Sebastian Scott
Seller Financing - Success Stories and Guidance Going Forward
Hello BP World!
I am an out-of-state investor, based in the Bay Area, who primarily focuses on Buy and Hold SFHs in the midwest. I was recently approached about a potential seller financing deal, which I ultimately p...
Menachem Krasnjanski
SBA 7(a) financing for a property
My partners and I have been trying to get financing for a 55 room motel for a couple of months, but many of the banks are hesitant about lending now. We found a bank that was willing to set us up with a SBA 7(a) loan ...
Melissa Faraias
Contractor forms to sign
Hello,I am a new investor, who is just closing on my first home here in Houston. Exit strategy is Buy & Hold. I have estimates from 4 contractors and hope to finalize one soon. What paperwork should I have the con...
Sarah Albert
Tenant wants to break year lease after 2 months
We had a tenant sign a year lease and move in on September 1st. They messaged us yesterday saying they’ve had a “drastic life change” and want to break the lease already. What would you do? Say no to breaking the leas...
Justin Reyes
Would you liquidate your 401k to purchase your first property?
Hello my name is Justin Reyes and I’m 30 years old. I been working for a company for only 3 years and have about $30k vested in my 401k. I want to take it out and buy my first property to possibly hack or 1031 exchang...
Darren Looker
Pay deferred tax in SDIRA vs. Pay capital gains each year
We have around $25K in several traditional retirement accounts. We'd like to invest in real estate and already have deals lined up. Which is better/cheaper from a tax standpoint- roll into an SDIRA and pay taxes later...
Jeremy Segal
Single Family BRRRR
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $154,000
Single Family, BRRRR. Purchased with line of credit, currently under renovation to rent and refinance.
...
Kim Parker
MTR Early termination - what do you do?
Hi BiggerPockets community,We have a house that we are furnishing as an MTR and STR between guests. I had a question from a potential tenant yesterday about our early termination/cancellation policy. On our LTR and pr...