Best way to finance a deal
I'm sure this has been discussed but I wanted to share a few details about my situation and get some advice on how would I best go about financing a deal.
a) I have a full time job that I cannot leave at the moment. My wife is a stay at home mom and very hands on and very capable of managing the project.
b) I'm looking for deals around 75-100k, put 50k in them, and t hen sell for 175k-200k.
b) I have multiple small IRA but none of them by themselves large enough to do the entire deal. I considered forming a C corp and having me and my wife take our IRA and "invest" them in my C-corp but I think that is not allowed.
c) I have a 401k that could do it but the payment would be hefty I think
d) I have a brokerage account large enough to do most of the deal but liquidating the funds it's in would be a significant tax hit (not a tax professional :) )
e) There is hard money lenders but I don't really know what impact they would have on my bottom line.
f) I have enough in home equity to do it. my house is worth about 450 and I owe about 160.
g) There is creative solutions -- owner carried financing, lease-to-buy, etc.
Any advice welcome on how you would look to finance a deal given this situation.
Thanks!