Victoria Demetri
2nd investment property
Hey everyone!! We currently own a single family in our local town and have been looking at some multi families to purchase. I have some private money raised from family that they are going to lend for us to invest how...
Billy Seol
Purchasing with HELOC, how to send to escrow?
I'm about to purchase my first investment property fully funded with a HELOC. When I purchased my primary residence I had wired the required funds to an escrow account, but since this is my first time using a HELOC i'...
Jay Neil
Title Company
Does anyone know of an Investor friendly title company in Houston that will assist me in back to back closings?
Corey Dutton
Never Start an Underfunded Rehab Project
For real estate investors seeking to buy rehab properties, to be underfunded on a rehab project, this is a bad place to be. By “underfunded,” I mean that one discovers that there are not enough funds to complete the r...
Jeffrey A DeAngelis
Money Moving Game - Is this acceptable?
Howdy all - So here goes - Let me know if this is IRS acceptable or would I get myself in hot water...? Reside and investment property is in NJ.Currently finishing renovating a property that I purchased for $65k Cash ...
Devin Otway
Househacking with Qualified Retirement Plan
Hi BP'ers,Does anyone know whether its possible to house hack (purchase rental property + live in it) with money in a qualified retirement plan (QRP?). I understand you have 'checkbook' control over the rental propert...
Debbie Collins
Funding investment LLC with personal Funds
I formed an LLC to purchase a rental house. On the Business Privilege Tax form assets and liabilities are entered. Since these funds were not earned by the newly created LLC, is the money used to fund the purchase co...
Mark Seutter
Self-directed IRA used for Real Estate
Is this a good way to purchase? Is it better to self-fund or obtain loans from hard money lenders? I'm currently unemployed and obtaining loans from banks has been difficult.
Reece Teramoto
Third party account to disperse payments to contractor?
For a particular lender that I'm working with, they are requiring me to pay rehab funds at closing so that there's a better paper trail of the funds. However, my current issue is figuring out how to disperse the funds...
Scott Weaner
Down payment: HELOC vs. Mutual Fund Account
I have a potential to purchase 2 duplexes. I used our HELOC to fund the DP on my first purchase last year. I am trying to decide which funds to use for the DP on this deal. I could use the HELOC, but that will pretty ...