All Forum Posts by: Ben Smith

What are the risks to using HELOC's for down payments on investment properties?

Does anyone know of a commercial loan product that is amortized over 30 years?

Does anyone know a bank that will do a HELOC on an owner occupied duplex?

I just acquired a property in GA. The tenants are both on month to month leases. I sent a letter letting them know that rents would be increasing the following month (30 days notice). One tenant responded with a letter back saying that the required notice in the state of GA is 60 days. Can anyone (preferably a lawyer) tell me if he is correct? 

I am an Investor located in Jacksonville FL who is looking for a hard money lender. I would like to hear from the BP community about success stories using hard money. I.E.   how did you use hard money? What were the terms? What were the specifics of the deal? Etc. 

Daniel Dietz,

Who is your SDIRA custodian?

Ben

Thank each of you for your replies. This is a deep topic with a lot of variables. Let me narrow my question, and add a few follow on's:

1. Can my existing Roth IRA be converted to a self directed IRA?

2. If so what is the process?

3. Can the income generated by a cash flowing property inside the SDIRA be taken out without severe penalty?

Any thoughts and/or advice on self directed IRA's?

Which tenant screening service do you use? 

Why do you prefer this service?

What programs/websites do you use to track your portfolio and/or net worth?