Mario Morales
I'm at a crossroads: should I refinance now or persevere and pay down another $40,000
Here's my situation: I accumulated credit card debt to finance my last property rehab, which is now rented and generating income. However, I'm burdened with credit card debt, a HELOC, and a personal loan. Despite hold...
Kerry M.
UBTI - Do these provisions apply?
After repairs, we plan to cash-out refi, repay the 401(K) and rent also. If UBTI on Debt-financed property applies, does it stop when we repay the loan? Or does it start when we've afterwards collected 1,000 in rent...
Cody Schooley
Thoughts on Using 401K Loan for Down Payment on First Multi-Fam
I have about $5-7k saved up that I would be willing to invest in a deal. However, I have about $25-30k that I could tap into via a 401K loan that I would be paying back to myself. Looking to put this money into a smal...
Tara Myrick
St Louis City - 1st time home buyer - 4 family - need guidance
Hello everyone...I need advice...ok...here is my scenario-Pre-approved for $140k (HUD 203K loan)-1st time homebuyer-looking at 4 families (LRA/MLS/Tax)-looking at properties in St. Louis City (North City-$1.7B NGA pro...
Anna Catron
COVID 401k loan or distribution?
I had COVID (totally no big deal), so I'm allowed to take money out of my retirement accounts. Any thoughts on this? Anyone doing this? My vision is taking out the cash, BRRRR, repay within 3 years and viola I got ...
Terry Burwell
How can I be professional when borrowing $$ from friends?
I am currently looking at a duplex deal that will require a $50,000 down payment. I have $20,000 liquid now, and I recently sold a business for $30,000 however I allowed the buyer to make $5,000 payments over the next...
Dennis O'Loughlin
Best thing to do with money
We have found a creative way to access some equity to make our equity work harder for us so it's almost like the beginning of a BRRR strategy. However...it's not quite. There are several options and we'd like to tho...
Anthony Mahone
Private Lender Down Payment
Good evening, When working with a private lender, if they are funding the down payment on a quad is there a certain go-to way that one would go about repaying them and the accrued interest? Outside of value add oppo...
Anthony Simboli
401k Loans - Worth It?
Hey BP!Looking to see if anyone has experience taking a loan from their 401k to finance rehab costs on their rental property. I have a strong 401k and plan to repay the loan as quickly as possible. I would need to fun...
Sarah West
NATIONAL HOMEBUYERS FUND, INC
I just found this and thought it may help some folks get on the ladder with their first home. http://www.nhfloan.org/programs/nhf-platinum/NHF_P..."HERE IS A SOLUTION — NHF's multi-state Down Payment Assistance (DPA) ...