Robert Lee
Can I invest security deposits in California?
Hey there guys,Hate seeing good money sitting and doing nothing, granted that is the purpose of a 'deposit'. Are we allowed to invest tenants security deposits? We have enough liquid cash personally to cover any loss...
Tony C.
Ideal way to structure 50/50 partnership for small multi purchase
Hello BP,Another investor and I are thinking of partnering up to purchase a small multifamily (btwn 5-10 units) for buy/hold. Our plan is to split everything 50/50, this includes: equity, down payment, income/expenses...
Andy Sabisch
Question on a MFR property
OK, I wanted to run this scenario past you Looking at a duplex (each side is a 3/1) and a decent size with both separate walk-up attic and dry basement. The rent is below market but is so because one tenant has been ...
Chris Lohmeier
To portfolio loan or not portfolio loan.
I’m shopping for lenders on a new purchase and came across a question I want to run across the great minds here. The property I’m looking at purchasing is a SFR for $86k. My usual credit union has already approved m...
Account Closed
Rolling over a spouse's 403(b) into a self directed IRA
My spouse has about $30,000 in a 403(b) from a school system that is no longer an employer. He is almost 50 years old. We would like to use the money for investing in property. My question is whether it would be bette...
Account Closed
Private Money & SDIRA - Borrowing Prior to IRA Setup
Hi BP. I am in a bit of a pickle. I am awaiting a response from my custodian and thought I'd throw this to the community for discussion.A wholesaler has a contract I want to acquire and requires a $3k non-refundable d...
Charles Kammer
1st Deal Strategy: Place title in LLC, Trust, or Personal Name?
Hello All, I recently inherited a small home that is held in trust. I am the sole beneficiary and the only trustee. I am almost finished renovating the property, and I would like to rent it out soon. My goal is to mak...
Jake Clement
considering asset based lending in Iowa & Nebraska - Advice?
Hoping to find some options/advice on asset based lending in the Council Bluffs Iowa and Omaha Nebraska area. Last year I purchased my first investment property (cash) SFH in CB Iowa, did a bit of rehab and signed a m...
Nolan Gray
Protection of investment held in personal name with a HELOC
Hello Bp
Need advice on protection of a property that I have a home equity LOC on.
In order to obtain the HELOC i had to use a personal guarantee (property title in my name) .
Transferring title will trigger due on s...
Chanelle Goldson
Successful First Fix & Flip
Investment Info:
Single-family residence fix & flip investment in Hamden.
Purchase price: $100,000
Cash invested: $38,000
Sale price: $251,000
First fix and flip project.
What made y...