David Hicks
401K and Cash-Flow Confusion
Hello, I am dealing with what looks like a great deal and here are the particulars:Duplex converted from SF Bungalo$170k for property in $180k-200k neighbohoodDownpayment from 401k - average return is 6% normally, but...
Ivan Cortez
Evicting During Winter Months
I have a duplex in Wisconsin and the upper tenant has just notified me that she lost her job 3 weeks ago and doesn't have money for rent this month. She said she has requested a check out of her 401K to cover rent but...
Brandon Crumpton
401k
Morning people! Can anyone tell me the pros and cons about withdrawing from 401k to make a home purchase?
Cody Cross
Thoughts On Real Estate Prices?
To the guys that are experienced in real estate long enough to have seen multiple cycles, what are your thoughts on what is going on right now? Where are we at in the cycle of high prices, foreclosures, low prices, et...
David Beard
Property Manager - question on funds handling process
For you seasoned landlords and PMs, I was wondering your thoughts on this language in a PM contract, related to funds handling. Thanks!
"4. ______ ______ If this line is initialed, Owner agrees to open a checking a...
Carl Giauque
Reserve money amounts in accounts?
So we finally found our first deal on a SFH, (after numerous offers, refusals, Mo. searching, reading hundreds of forum posts ,etc) got it closed, got the rehab done, paying renter, and a nice bit of cash flow, Swe...
Brian Armstrong
529 Plan vs. Roth IRA
I'm not sure if this is the right forum category for this question, but it seemed most appropriate.I'd like to start a college savings plan for my son and I'm curious if a 529 plan or a ROTH IRA is a better choice. I ...
Hai Wei Wang
HELOC withdraw period frozen
Hello, I have a HELOC on a property I have been renting out for a few months now. My bank said since it's no longer my primary residence, my withdraw period ended and I can only pay down and no longer have a LOC. The...
Jeremy Roberts
Establishing a HELOC on primary residence for future investments
I've seen much debate over the true value of a HELOC, but my wife and I went ahead and turned our mortgage into a first position HELOC. Not only do we already have $14k at our fingertips, but we were offered the entir...
McCall Anger
First Time Home Purchase - 401K Withdrawal
I have read that you can withdraw $10K penalty free from an IRA for a first time home purchase. Is this something you can do from a 401K as well, and would you recomend it if I intend to purchase a duplex or other inv...