I have a deal try to get hard money financing. I have been told that as an individual without an llc or corp, they can only fund to Self-Directed IRA.
does anyone know why? and how does it work?
Lately I've been dabbling the numbers to maximize the cash on cash return for rental properties.
I want to run this sample deal to make sure my numbers are correct. From what I can see a hard money > refi deal ma...
What is the worst case scenario when using a hard money lender. For instance if you purchase a property it cash flows $300 and then the market heads south. Now your cash flow is negative and you can't keep up with mor...
Investment Info:
Single-family residence fix & flip investment in Portage.
Purchase price: $53,000
Cash invested: $56,000
This was a 6 month estimated project that turned into 1 year, and still g...
Hi! I’m an aspiring fix and flipper/investor. I guess I’m writing this post because I want to know what’s possible out there.Is it possible to invest/fix and flip with no money? What’s possible? What’s been your exper...
Hello everyone,First of all, I'm so glad that I found this website which have ton of people who would help you to succeed in real estate.I'm totally new in invest on real estate and have thousands of questions.My firs...
There are a couple caveats I found that make me reconsider a QRP:When you have money in these accounts it sounds good that you are not taxed on gains but you are restricted from getting a Fannie Mae loan. Using the QR...
This is just a thought let me know what you guys think. Not even sure if it can work. So if you know or have used this already please feel free to give your advises. I have about 130k available on equity with my curre...
BP squad, here's what I'm looking at: nice looking 3/1 brick ranch a right turn away from thriving Augusta Rd in Greenville, SC. 30K purchase price ARV of 75K (most pessimistic scenario)15K of rehab costs (pessimistic...
Are both a Promissory Note as well as a Deed of Trust needed for a small private loan (~10% of single-family house cost)? I've gotten two "yes" and two "no" responses regarding the need for a Deed of Trust. All four...