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Results (8,597+)
Jeff Piscioniere Structuring a partnership investment using a 401(k) loan
8 February 2020 | 15 replies
The repayment terms for a 401k participant loan are equal monthly/quarterly payments of principal and interest (typically prime plus 1%) over a 5 year term (longer if used to acquire your principal residence).Please note that if you take a full $50,000 and then pay back the loan, you can't take another $50,000 until 12 months after the first loan was fully paid back.Per the loan offset rules that went into effect with the 2018 Tax and Job Act: if you leave your job and the loan is current at the time you leave your job but then the loan goes into default because you left your job, you will have until your tax return deadline (including any timely filed extension) to make the loan current by depositing the outstanding balance into an IRA (and thereby avoid the taxes and penalties that would otherwise apply).Please keep in mind the multiple loan rules:Under those rules, the sum of the balances of a participant's outstanding 401k loans under a single 401k plan (using the highest outstanding balance of each loan over the last 12 months) can't exceed 50% or $50,000 whichever is less.
Kyle McCorkel Buying a divorce property
27 January 2020 | 3 replies
If the ex wife is not paying the taxes, what else is she not paying... meaning a good title search for outstanding liens should be done first before proceeding.
Cory Pennington ATL Condo - buy-live-hold-rent-refi
27 January 2020 | 0 replies
Rental income has been outstanding ($400 mortgage and $1750 rent)...Now I'm refi'ing to pull out $100k for my next deal.
Nick Sutton Should I sell my rental acquired from a divorce
28 January 2020 | 13 replies
I would say it's in-line with the surrounding area as well.Mortgage interest paid(year) - (interest paid) - (outstanding mortgage principal)2019 - $7,233.55 (175,077.22)2018 - 6,891.92 (180,120.01)2017 - 7,081.24 (184,835.33)Current principal balance (169,041.00)I'm not really sure why 2019 interest spiked +$341.55 but that is something I am going to look in to because that shouldn't be the case.
Raphael Abreu Question on FHA loans for properties that need rehab
24 February 2020 | 5 replies
The loan requirements are the same as a traditional FHA loan underwriting (owner occ, 3.5% down at 580 credit or better, Mortgage Insurance, etc) except you can use up to 75% of the rent roll to lower your DTI ratio, and you cannot have any existing FHA loans outstanding unless 100 miles away from subject property.The 203K loan has a lot of upside but is quite cumbersome to navigate.
Christine Knapp-Phillips Meet up in Albuquerque, NM
27 February 2020 | 8 replies
Our weather is amazing, the people are outstanding and the food is the best in the world.
Elijah Bryant When is the best time to buy a house? Market Wise?
26 February 2020 | 7 replies
People have been talking about a "crash" for years now, and wise folks who bought anyway have now enjoyed that many years of outstanding appreciation in Denver, while tenants are paying down their loan principals. 
Justin Tuminowski CLAREMONT NH - Any Landlords have experience in this small city?
26 February 2020 | 13 replies
Tenants still aren’t of the best class, but cash flow is outstanding there.  
Jennifer Lauren Do we have to fill the oil if she violated lease and hasn't paid?
3 March 2020 | 8 replies
A neighbor complained and the local police and state police arrested and removed him due to another outstanding warrant.
Sarang Gupta Accidentally bought a vacant lot in chi with too many back taxes
3 March 2020 | 2 replies
Since then, I've paid $550 in fees, and probably accrued over $1200 in additional taxes (total probably ~$3200 outstanding).