Antonius McBride
House hacking a duplex
Is there a minimal amount of time in North Carolina you must stay in the property if you do a owner occupied loan on a duplex/multifamily property? For instance can I get into the property and move out a year later or...
Juan Lopez
Cash out 401k and Roth IRA
Hello guys:I wanted your opinion on my intention of cashing out my 401k and Roth IRA account to use the money to buy real estate. I think real estate market has better opportunities at the moment and more potential in...
Sam Gergley
Help!! - Cash out my wife 401k for Duplex?
Hello,Here is my idea, is it a good one?My wife is starting a new job and we are discussing options in regards to what to do with her current 401k that is worth $16,000.Our plan is to use whats left after income tax a...
Mike Dymski
prepayment penalties in commercial loans
For those of you flipping or refinancing apartment complexes with commercial loans, what have you done regarding loan prepayment penalties? This may be a simple answer and you just refi with the existing lender and h...
Mike Adams
Selling building only a year into a mort. Piss off bank?
We purchased a 8 unit building in Stamford, CT last year a few months prior to the lock-down. Regretfully, we have two out of the eight tenants paying sparingly and they've also wrecked their units. Atty says we canno...
Ian Kisbert
Exit strategies for BRRRR
I’m trying to make sure I have multiple exit strategies when running numbers on potential BRRRR deals and want to make sure the strategies I’m looking into are possible. This might be lender dependent, but if I use ha...
Dick Maykel Ortega
Deal Question - Seller Financing: prepayment penalty
I have been working this deal for about 5 months. It is finally closing on Friday. The seller just realized that I could pay this off next month at a great price. He was also offering seller financing as a tax strateg...
David O Smith
50% down at 5% interest with a balloon in 3 to 5 years
Hi everyone,
I'm currently negotiating a real estate deal and would appreciate some advice on how favorable this offer sounds:
Price: $3,170,000.0017 units50% down payment5% interest rateBalloon payment in 3 to 5 ...
Nathan Kurzmann
CARES ACT to invest in real estate from 401k?
Thinking about utilizing the CARES ACT to pull 100k from my current 401k to purchase my first real estate investment property. There’s no 10% penalty right now and the tax pay back is three years. This has never happe...
AJ Shepard
Experience with capital calls on Syndication
Has anyone had some experience with syndicators performing a capital call? Would be nice to know some of the ways it is performed.Has anyone heard of the preferred return being stripped from the LP during the call if...