Mike Schultz
Creative Financing Help
Hey everyone! I'm looking for some advice in regards to a property I recently found. The property is listed for $137,000 and I would be purchasing it as an investment property. So, 30% or so down payment. I don't have...
Danny S.
Home Equity Loan OR 401(k) withdrawal for remodeling
Hi BP,I'm currently fixing up my primary residence to make it rent ready within the next year. I'd like to add on to one of my bathrooms and renovate my 3-seasons room as well. I looked into taking out a home equity l...
Alex Scotte
Are there penalties for withdrawing roth IRA?
The money I used to start the IRA was post-tax and the value of the IRA is less than what I invested. I was thinking of waiting for it to even out, or close to it, and re-invest the money somewhere else. Are there pen...
Waverly Green
HELOC vs Retirement funds to finance a down payment
I am trying to help my daughter purchase her first home. She will have the ability to pay the mortgage but I'd like to help her with the downpayment. I was interested in thoughts of whether it would be better to use a...
Brian Ellis
Would you borrow from your roth for this investment?
Off market dealPurchase price 110k20% down1150 in rentMarket value as is 135k$400 cash flow19% cash on cash returnNow I don't have a huge savings in my Roth IRA, but I have enough to fund the rest of the down payment ...
Hugh Carnaha
Convert/rollover normal 401k and IRA into self directed?
Howdy Guys!
I did a bit of searching, but couldn't quite find what I needed. I did a dumb thing Jan 2 and Maxed my ROTH IRA for the year. Now i'm trying to find funding to keep a rehabing some of my distressed prop...
Michinori Kaneko
Good Checking and Savings Account
I did some research on checking and savings account. These are for people starting out without forming an LLC, but wants to keep their "business" separate from their personal. If you have an LLC setup, you need to c...
Russell W.
IRA distribution for first time home purchase
Was wondering if anyone here has withdrawn funds from a Roth IRA as a qualified distribution for a first time home purchase. Would love if you could share your experience.-How did it go?-What was the process?-Did you ...
Radha Shankar Kallakuri
IRA withdrawal in 2016, closing in 2017. Penalty question.
Hello everyone, I'm buying my primary residence in a few days, and I'm having to withdraw funds from my IRA for the down payment. The closing is mid Jan, but my banker is asking me to get started on the withdrawal ...
Darian Richardson
Is the Safe Withdrawl Rate, the magic number?
Evening Fellow Investors, As I am finishing up @Scott Trench's own Set For Life, I came to a section in the book under "Exploration of Financial Freedom" about The Safe Withdrawal Rate. I thought this section was fas...