Javon Gordon
Using 401k for investing
I have about $125k in my 401k from my job in which I do not plan on waiting until I'm 59 to withdraw or to retire. Is it a good idea to use some of that money to purchase some properties?
Abhishek Kapoor
How to get small loan under $40K.
I am planning to buy another Condo for around $60-70K. I have $30K as down payment. I have contacted US Bank locally and they declined to process loan for small amount. So I am resorting to gurus out here. What are...
Johnathan Norman
Doing business in multiple states (LLC question)
Here is the deal, over the course of the next year or two I plan to purchase multiple small apartment complexes across the US. My original plan was to keep it "simple" and have 1 LLC for X apartment complexes until i...
Account Closed
What type of loan do I use on 6 unit?
I have an option on (what I think is) a great property. Undervalued 6 unit complex in pretty good area with under-market rents. Currently NO VACANCY and being sold by licensed agent. List on it is $119,900 and annu...
Lien Vuong
High Yield Savings Account
I often get this question from clients who are saving for their down payment and other reserve accounts while they’re looking for the property. What do I do with the money in the meantime? Apart from putting it in a r...
Grant Cherrington
Investor liquidating rentail properies...
I have an investor who is liquidating several properties and based on the preliminary information I've received it seems he's asking retail for the properties. If I determine that he owns the properties free and c...
Hattie Dizmond
Reverse Mortgage Short Sale Help
OK...looking for some help from the BP geniuses.I know you can do a Short Sale on a reverse. I just have no experience AT ALL with short sales or reverse mortgages, and this situation is a little sticky.House has maj...
Matthew Ginsberg
Seeking Guidance on Post-Eviction Responsibilities
I recently evicted a tenant in Washington County, Maryland. I am seeking guidance on my legal responsibilities as a landlord following the eviction. Specifically, I would appreciate any links, videos, or other resourc...
Chris Payne
Multi-Family Finance Options
Hi BP Family!I'd like to buy and hold a triplex or 4plex, but I'm unsure how I'll pay for it. My limited income won't allow me to get a FHA or conventional loan. I do have some cash; about 20% to 40% of my target purc...
Stephen Moskowitz
TRUST TRUST TRUST
I think the biggest thing holding me back from taking the plunge is who I can trust. I live overseas and though I come in from time to time (to the NYC area) I have to rely on others. Any suggestions??