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I have a self directed 401K which would allow me to buy real estate inside the plan. I have a local friend that invests and he hold RE outside his retirement plan. I am curious as to the pros and cons of both avenues....
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As of this morning I have an accepted offer and my 7-day option period has begun. I have a quick question though about the property which is a 3/2 front house with a 2/1 back house (but really is a large 1/1 since bot...
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Hi I am new to real estate investing. I had some old 401 k that I am planning to use by rolling over into a Solo 401 k with an LLC to invest. I have been educated that only non-recourse loan can be used. I came across...
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What should I consider when using a hard money loan (HML) to purchase a property below market value, using the HML to finance 100% of the rehab, and finally refinancing into a 30 year mortgage afterwards. I want to ma...
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This post was just inspired by @Jason Scott who just posted on FB how most people will never achieve $10 million, $100 million net worth etc (and theres nothing wrong with that) (Also, in like a decade on here Ive nev...
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Hi all, I'm curious if anyone can offer their opinion on how this prohibited transaction should be restructured:"Scott desires to purchase a rental property for $100K and would like to own the property personally but...
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Hello,I would like to create wealth using real estate ( to quit my job) and am considering buying my first multifamily home in a year. I plan on buying and holding multifamily homes. How do people who own multiple uni...
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Investment Info:
Other commercial investment investment.
Purchase price: $395,000
Cash invested: $253,000
Purchased RV park with 13 pads. There was also an RV outbuilding and an existing office. I tu...
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Hello BPI am trying to get started buying multifamily properties in Chicago surrounding areas. My wife and I have no problem house hacking but ideally, wait one year for personal reasons to go that route. We have a SF...
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Hey everyone. Love the BiggerPockets community and looking for advice with a negative cash flowing rental. I’ll get right too it:I bought a condo for a place to live and received a new home buyer grant. 200k - 10k g...