Hard Money question

[Oommen Eapen]

Hi,

I recently got laid off from my job and transferred my old 401k's into a quest IRA. I want to buy some flip properties so that i can build up more cash before i get into long tern investing.This gives me a decent amount to work with to buy with.

Have any of you worked with any hard money lenders in Houston and what were your experiences?

You can message me here or email me.

[Rick Pozos]

If you are buying the property with your IRA money, then you will not need hard money. Your IRA will own the property, your IRA will pay for the rehab and your IRA will sell the property. All money will go back into the IRA.

If you dont have time to market to sellers, look at properties, oversee a rehab and make sure that all is going well with the sale of your IRAs property, you can do other things with the money as long as it stays in your IRA. Your IRA can lend it to other investors, it can partner with other investors, it can buy notes that are performing or non-performing. It can lend the money to someone who wants to buy a car. There are not too many rules on what can be done with the money. Just know the rules.