Lane Kawaoka
Cash Out 401k
Has anyone withdrew upon their company sponsored 401k, while paying the 10% penalty? What was your thought process?
Greg Wright
Using a self directed IRA for rehab.
Has any rehabber used a self directed IRA for rehabbing houses? How do you handle the profit. Does it have to go back into the IRA which would seem to defeat the purpose as you couldn't make any money to live off. If ...
Steve Chan
Why keep money in your 401K?
If your 401k provides a low rate of return and you know you can invest your money at a higher rate of return than the fees associated with withdrawing your money plus the opportunity cost of leaving your money in the ...
Chris Wilson
DTI question on a cash out
We are looking at pulling funds out from a 2nd house we own. When doing the DTI calculation would a lender include money that is received regularly from things like a Real Estate syndication, Mortgage note fund and/or...
Jim Robinson
Yellow letter to Withdrawn listing
Hi Everyone,So I'm looking into buying my first house in the coming months in the suburban Philadelphia area. A property I have been watching (waiting for the list price to drop) was just withdrawn from the MLS. So i ...
Bill Brady
Not CAN, but SHOULD I use my 401K?
I've tried to find the answer to this question over the past few days and have been unsuccessful. Everywhere I've read, including on BP, it's a "YES!!!...you CAN use your 401k to invest in RE" (rollover SEP-IRA, borr...
Michael Forbes
Roth IRA/401k withdrawal for REI - Need Tax Help
Hi All - I am 31 years old and found a duplex with a lot of upside but it has to be a cash purchase. I want to pull money from my Roth IRA but want to do it correctly so I don't get hit with taxes and penalties. I am ...
Todd Fuller
Getting started short-term rental investment
Looking for advice/options to finance a short-term rental property.Here's the deal:Property: Purchase price $400k, 2yr rental history gross $70k/yr, looking to do improvements $10-15k once purchased. Positive Cash-flo...
Dave Adell
Any lenders use gross business income to qualify for a home loan?
Do any lenders use gross income to give home loans? I found one that calculates net income by using 50% of gross income from my business. Looking to see if any other lenders do the same. Thanks
David Wilmer
Getting started with first STR
Hi! Recently joined BP and this is my first post... Looking to get into the STR business with a main goal to maximize cash flow and hopefully grow a little over the next few years. I have a couple of initial question...