Chris McHaney
EIDL Use of Funds and Real Need?
We have been approved for the EIDL loan, but after taking a look at all of the requirements for use of funds, I can't see how it's advisable for landlords to take this loan, unless you are truly in need, hence the ter...
Travis Kemper
401k/ self directed IRA
Hi all,I am leaving my current company in October and would like to find out what the best way to use my 401k for down payments is. I like the flexibility of being able to take out 401k loans, are there any products ...
Kate Nixon Taylor
My first acquisition; My first 2 Doors!
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $199,700
Cash invested: $39,700
This is a colonial style building that was originally a single family home c...
Jonathan Farber
What amount reserves to keep in your rental bank accounts?
Hey all, doing some financial planning this week as we are looking to add some properties. Call me old fashion, but I like the idea of having a few months PITI (Principle, interest, tax, insurance). Any good rules o...
Damaris Conrad
Loan Mod on a Home I want to Fix/Flip
Hi Everyone:
I have an interesting dilemma and not quite sure which direction to go here despite some experience with rentals, fix, flip, etc. A friend of mine is willing to give me her home if I will pay he...
Will Koederitz
What should I do next? (Metro Detroit Area)
Hello,I am seeking advice for my next move. For a quick background, I moved to Royal Oak, MI in July 2014 and purchased a property to live in. This was before I knew anything about real estate investing. I started ...
Peggy Beauregard
Depreciation to some partners & not to others in same property.
A syndicator has told me they can give a better return to IRA investors as they don't need depreciation and her accountant does this type K-1 schedule. This would mean the people investing from their personal savings ...
Llewelyn A.
How to Handle Charges on Personal Credit Cards
I would like some opinions on something that probably happens every day in the life of a business person.Let's say hypothetically, you own 100 Main Street, LLC.You were denied a Credit Card so all you have is a Debit ...
Timothy W Hanson
My first real estate rental investment, closed August 2019.
Investment Info:
Small multi-family (2-4 units) buy & hold investment in New Richmond.
Purchase price: $400,000
Cash invested: $20,000
My first investment is a 4-plex in New Richmond WI. I want...
TJ P.
Converting to a Solo 401k ...maybe?
Here's the sitch-
I have a traditional 401k from a previous employer that I haven't touched since starting a new job with a new 401k. Instead of rolling it over to my new employer, I was hoping to convert it to a sol...