Kody Broussard
Family Members Using IRA for My Syndicate
Hello BP,I am raising money for a multi-family deal and I am wanting to get some close family members involved such as my grandfather and dad. The syndication will more than likely consist of 10 investors. I have hear...
Hyeseong Park
For fix & flip loans, rehab 100$
I have done 2 flips with my cash only so far and I'm trying to finally go with fix and flip loans to buy multiple houses. Usually these fix and flip lenders do ARC up to 85%~90% & rehab 100%, so I know I have to p...
Joshua Massari
Can I get a bank loan and use seller financing for the down payment?
Triplex Scenario ( 3 x 1 bedroom units near military base) Purchase price - $135,000Gross monthly rent - $1,650 Was recently rehabbed and is turn key with all 3 units currently rented. Seller wants to pull out cash to...
Corey Depuy
Self-Directed IRA option/question
I've been doing some research about rolling over my previous employer's 401k (which is currently stagnant with the same broker) into a SDIRA. I'm reading that all of the typical rules of a retirement fund apply, where...
John Slipski
Looking for advise on finding creative financing
Hi All,
I live and invest in the Youngstown, Ohio region. I am a father of 2 beautiful little girls and although my wife and I have carriers outside of investing we have a goal of eventually retiring on passive incom...
Mark A.
What Happens If? (closing issue)
Hey Guys
We have done this before and had to jump through some hoops but managed to get it worked out when we decided to wholesale a property instead of rehabbing and retailing it but this time we seem to have a probl...
Brandon V.
Self Directed IRA from a relative
Hi BP,I have a relative who has a lot of money in a ROTH IRA currently but they would like to help me out to fund another rental property. Would using the ROTH IRA from this relative be an option if they were to conv...
Jeremy Fields
Collecting security deposit remotely
I have found lately that the number of applicants to my units has dropped significantly. For this reason, once I have someone approved, I want to send the lease for signature with a short time limit, so I can quickly ...
Amaf J.
Cashing out Roth IRA for REI?
Hello everyone,I just wanted to ask a question about using the funds from my Roth IRA towards the purchase of property. I've done some calculations and realized that my Roth IRA is yielding some horrible rates of retu...
Donnie M.
Unsecured PLOC that is cash out refinanced into conventional
I tried searching BP and google for a direct answer but could not find an answer about unsecured lines of credit. I plan on buying on 26k property using my Private Line of Credit (PLOC) from my bank and it will appra...