Is it allowed by SDIRA rules to create a personal loan from an SDIRA to someone that doesn't involve the direct purchase of an asset? As in, could it just be a loan to a colleague or friend? Thanks in advance
Is there a way to turn a non-secured loan from a family member into a secured loan that a mortgage lender would allowed to be used towards downpayment on a rental?
I have one year to save, save, save. Currently I'm in a position that allows me to do so, my projected route is to save around 20000 and house hack with a fixer upper duplex. Few questions.
FHA or conventional loan?...
Hey BP friends,Does anyone have history/ success using self directed IRA funds to partner in long term hold. My primary interest is for using 3rd party for a Non-secured promissory note to purchase Multi unit buildin...
I'm evicting a tenant in Florida, and was just told by the court today that a non-military affidavit is required when a tenant hasn't responded to the 5 Day Summons. To proceed with the Default of Judgment and Wri...
The rental I purchased last week had fairly significant security deposits in place, a portion of which was labeled as "non-refundable".
Am I correct to assume that's essentially income?
If so, from a tax perspective...
Hello Fellow members,I received a letter from SBA requesting to update and sign/submit a resolution and certificate as I had taken a non secured loan EIDL loan of ~12K. I am to trying understand what this form means ...
Hey BP Folks,Wanted to see if anyone has any experience with banks out there (national/regional/ credit unions etc) that are currently offering investment lines of credit? Not sure if this is a thing or not in today'...
How fund&grow deal with defaults since its a non secured loan
I am going to look at a home tonight, the home is currently owned by a private mortgage insurance company per the real estate agent. Does anyone have experience dealing with mortgage insurance companies...anything I n...