Brian Carson
Purchasing a rental with a line of credit
My wife and I want to use our personal lines of credit to purchase a rental with cash. It seems like a perfect opportunity to use the BRRRR method. Our only fear or concern is in the refinance portion of the BRRRR. Bu...
Gardi A.
Solo 401k
hello all my name is gardi and i'm new to Biggerpockets and had a question about Solo401k.1) can you fund it on a monthly basis. so once i set it up can it be funded monthly similar to a regular 401k or no?2) is it ru...
Jason Hokaj
I own Rental properties; continue to max out IRA/401K?
Hello, I'm 47 and I'm almost 2 years into my REI journey - which was initially funded thru savings. My goal is to use REI for passive income for retirement. I currently own 5 properties; all but one are cashflowin...
SHANELLE SHERLIN
Using a SDIRA on a joint venture property with financing
Hi all,I am looking to set up a self-directed IRA with money transferred from a previous employer 401(k) to invest in a duplex in OK. The purchase price is $250K and I would be going in with a partner, likely by creat...
William R. Matthews IV
401k rollover to self directed 401k or IRA to purchase...
My mom wants me to help her roll her 401k into a self directed retirement fund to purchase rental property. She will be 70 next year and wants to do this before she is required at 70.5 to start taking distributions fr...
Ethan Hamilton
How to Purchase Notes
Hi Everyone,Just wanted to get thoughts and feedback on approaching local banks vs utilizing an organization like PPR to purchase notes on my behalf? I've done a lot of reading about notes and think I'm more interest...
Art Webb
IRA to Roth IRA Conversion Strategy - Is this a sound strategy ?
Hello, I ran across a conversion strategy where an annuity company would add a significant cash bonus to my IRA conversion account to cover the conversion taxes so my conversion is tax free to me (well some what). T...
Alexander Lang
Using a 401K as leverage?
Hello everyone!Is it possible to approach a lender and ask them if you can leverage your 401K plan to take out a line of credit? Is this even possible, or will it mess up anything with your 401k? Obviously there are r...
Harri Smith
Seller financing sample contract/Questions
Hi all
I am a considering doing a seller financing and wanted to know if someone had a sample of contract they could share. I am told I do not really need an attorney.
A few questions I have are:
1. Can I keep the ti...
William Castiglione
Self directed IRA questions?
Questions for you self directed IRA Gurus:Can I buy a property as the following:50% my own cash (under an LLC)50% of my self directed IRAs LLCIs this legal? And if it is, can my personal LLC withdraw 50% of the profit...