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13 November 2024 | 23 replies
Preferably since we are younger sponsors we initially avoid high octane bridge loans, instead vying for capitalizing renovations with equity and a 5-yr fixed rate loan.
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13 November 2024 | 22 replies
If you have pre-tax and post tax Roth funds in the existing 401k, you will initiate a rollover into a newly formed Solo 401(k), with some funds dropping into the pre-tax bucket and Roth funds dropping into Roth bucket. 3) 3 benefits that I find many real estate investors are attracted to with the Solo 401(k): 1) Higher Contribution Limits (providing you have enough earned income) 2) Ability to contribute to Roth, without MAGI limits where you have to do a backdoor contribution, like you do a Roth IRA. 3) Exemption from UBIT/UDFI on debt financed real estate deals, this could be directly, or through a syndication type deal. 4) Now, we can proceed with, what about the caveats and qualifications to open and maintain a Solo 401(k): 1) You need to have earned income from the business/sole prop. that is sponsoring the Solo 401(k).
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6 November 2024 | 0 replies
RE Conference session on 'Get the Lead Out'.
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11 November 2024 | 5 replies
That remains to be seen, but none of my planning is to provide them anything more than initial opportunity.
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11 November 2024 | 2 replies
He has up to $4mm in cash for an initial investment.
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16 November 2024 | 21 replies
However, these are still treated as passive gains, even if REPS was used to claim active losses initially.
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9 November 2024 | 1 reply
Because rates are so much higher now and show no signs of going down, it's harder to keep the initial home as a rental.
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11 November 2024 | 9 replies
I would like to invest in long-term rentals and I'm interested in having monthly CASHFLOW, unfortunately my initial budget cannot exceed $20,000 as a down payment, and my credit score is very good.
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10 November 2024 | 1 reply
My initial thought is to advise them to continue to offer the fee to avoid alienating buyer agents, especially if this is how buyer brokers are creating their short lists to share with clients.
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12 November 2024 | 17 replies
You seem extremely confident in your initial claims, take me up on it.Either way, I do appreciate the honest feed back on my posts from both of you, I understand that NY is one of the hardest markets to succeed in, but I am a firm believer in the Stockdale Paradox (Jim Collins, Good to Great).Best,-JonThis wasn't a back and forth.