Ben Grubb
Self directed IRA and leverage
I understand the concept of leverage- using someone else's money. But do you flip the script by using a self directed IRA on if a deal works. My thought is a SD IRA basically gives you alternative to stocks. If I a...
Zachary Coombs
Second Purchase with low/no money down.
Investment Info:
Single-family residence buy & hold investment in Waynesboro.
Purchase price: $50,000
Cash invested: $50,000
Listed for 75k, offered 50k cash to close in 2 weeks. Had tenant with ...
David M.
Employer 401k to Solo 401K
Hello All,If you roll your employer sponsored 401K into a solo 401K, I'm assuming that any profit/cash flow must remain in the 401K as well, correct?Meaning, if my primary goal is to replace $dayjob income, then inves...
Jeff Smith
Tax Deductible for HELOC from an Investment Property
Hi BP friends,I applied for a HELOC on my investment property, and I'd like to use it as contingency fund when I need to invest in another investment property in future. May I know if the interests from that HELOC is ...
Aaron P.
Refinancing to payout investors?
The idea is this:
Gather investors to build a down deposit amount, pay them a % interest rate for 5 years. Get a 5yr 30yr-amort mortgage and carry the mortgage until that 5 yr term is over.
The question is, can I re...
Gaspare U.
How much do you set aside for Maint/CapEx/Vac. (NOT Percentage!)
I know a lot of people on MF use anywhere from 20-25% set aside between Vac, Maint and CapEx (trio) which is fine. My question is, is there a level you are comfortable setting aside? Let me explain via an example.Let'...
Mark S.
HELOC Arbitrage for Down Payment Next Rental
Considering some HELOC arbitrage and essentially buying next rental property with practically “no money down.”AHP Servicing: 10% preferred returnCurrent HELOC Rate: 4.49% variableAHP net return: say 7.5% (after taxes ...
Trinity McNeal
Double closing in Maryland
Are they allowed to do a Double close in Maryland? I spoke to a Title company and she said they don’t double close in Maryland is that true?
Account Closed
Total Newbie Wholesaling Question
So as many of you are,I am very concerned with being honest and ethical. As a teacher and just a generally "OK" person LOL,I feel you will always come out on top if you're honest. Now, with that being said if I fin...
Kenneth N.
Bank Holding my Flood Insurance Check
I'm in the Houston (The Woodlands) area and one of my rentals took on 2 feet of water during Harvey. Although not required by my lender and not part of my escrow, I purchased flood insurance on my own. I received an...