Chad Bailey
Want to Use IRA $ for REI - Who Do I Consult? Tax Att., CPA, CFA?
Hello and thanks in advance for any constructive advice,Long story short, I was laid off last year and cash savings are all but evaporated. I've chosen to fund my first REI with cash from my self-directed IRA. Can a...
Chad Smith
Use 401k for investing...?
I am looking into an option for financing properties I plan to rehab, refinance and hold/lease. I'm short on funds and trying to find if it makes sense to use my 401k to help fill some gaps on capital with the plan t...
Jonathan Carter
Private Money (mortgage) Lending
So I have been approached by an investor with an opportunity to provide a private mortgage on a fix and flip. I've never done any PML but I do want to start. I'm trying to educate myself as quickly as possible. Her...
Larry Smith
Borrowing from TSP....?
Hello BP family, So, I'm currently in the military and have been able to acquire one property so far. My wife and I definitely interested in another, but want to move on it sooner than later. I'm considering borrowing...
Nick Cannon
Potential deal
Hi BP family,
This is my first post on here. I'm looking at my first potential fix and flip property and am looking for some guidance on how to secure funding. I can get it for 42k. It'll cost about 20k to fix up w a...
Chris Wooten
Analyzing Crowd Funding in TN
I primarily flip properties in Nashville and Clarksville, TN. I picked up my first small apartment complex at the first of the year, and it is performing excellently. I have an off market 26 unit apartment compl...
Pete Fiannaca
What to disclose? Using a personal loan for Down payment...
Hey friends. I have sourced 3-4 private lenders (family and friends) who are willing to assist with property acquisition via private loans. This would not be for the whole price of the property, so I'm still utilizing...
Dan Krause
No money down real estate at auction?
Can it be done? If so what method would you use without front money? Hard money perhaps? Any ideas? :D
Dewayne Perry
What ratios to look at for loaning private money? LTV, LTC?
I'm wanting to get into PML. I understand the after repair LTV should be no more than 65-70%. But I'm more confused on the LTV prior to rehab. Let's say a property cost $300K and needs $150K for rehab so total cost $4...
Coley Benson
Found a private lender, but have some questions about timing
I found someone that wants to lend me money, but he is a first time lender and I am a first time private money borrower. We have agreed on the terms of the loan and everyone is happy. I have an attorney helping with ...