All Forum Posts by: Michael Mozie

Very good podcast! Have this one saved

Listen to podcast 211, Bob Malecki talks about notes and it was a very interesting podcast!

Brian Eastman thank you very much, this was extremely informative!

So what about if you flip houses? Can you put the profits in the solo 401k and avoid the capital gains tax?

Thank you Chris Mason and Lynn M. I appreciate the input!

Thank you Steven Preston !

Hello BP, I am looking into purchasing a SFH that I will be living in and getting out of my FHA live in landlord situation. The house I'm interested in is quite pricey (over 400K) and I'm looking for loan options with low money down. Unfortunately in OHio, the highest loan amount for an FHA is 275K. Besides private lenders, any other options available to help with down payment? Seller will not finance. Anyone ever use Jumbo Mortgage Source?

Hey BP community, I wanted to ask anyone who has dealt with auction.com how their experience was? I was the highest bidder on a house which closed on a Friday and they needed all the paperwork, earnest money deposit, and proof of funds all within 24hrs. Well once I got the email, the bank was closed and couldn't do anything until Monday. I got into contact with them and they said no later than Monday have those things turned in. Well you shouldn't close on a Friday if you require 24hour response. Anyway after that, it took me 2 days to get the signed contract to them because their fax wasn't working apparently and couldn't get access to scan in the paperwork to send back via email. I eventually got everything sent in after 2 days and they said it will take a week to hear back from the seller if the deal is accepted. The seller is Wells Fargo so I'm hoping for a quick response. Also I'm using this house as a flip. Any other people have any feedback about them?

Congratulations Jeff Filali that is impressive in that short time span! Do you finance the purchase yourself fully or have you been taking loans/hard money lending?

Wendell De Guzman I'm interested in that BLOC but I'm in Ohio. Hopefully same rules apply, could you please message me with the info? :)