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14 June 2020 | 6 replies
Looking for options with property in my LLC name or in my name whichever works the best.
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22 September 2020 | 3 replies
I would recommend taking which ever project is the simpler renovation and more cosmetic.
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13 March 2020 | 3 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.
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17 March 2020 | 9 replies
Regardless of what the NOI and cap rate come back at, the purchase price is what the purchase price and they're going to use the purchase price or appraised value whichever is less.
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19 March 2020 | 4 replies
Valid point, but in this instance all my tenants are millennials, and they have a lot of deliveries coming in each day including food deliveries that require doorbell. the building has thick brick walls (4 layers of brick) so cellphones barely work inside..
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14 March 2020 | 4 replies
It could be that she (like a lot of tenants) has enough money to pay the rent, but just isn’t putting a high priority on paying it and is spending her money on everything else first (i.e. cable, cell phone, eating out, new clothes, etc).
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17 March 2020 | 5 replies
Hey, Nicky good point in using particle.io looks like they are using Adafruit Feather 32u4 FONA hardware but it would need a cell phone service to transmit the texts.
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20 March 2020 | 12 replies
I am not sure about 403(b) but 401(k) and 457(b) have the option to let you borrow money out of your account up to $50k or half of your vested account (which ever is less).You usually have a 5 years repayment plan (or sometime 10 years for some very narrow loan purposes).If a loan is offered by your custodian, usually you can get a check in a few days and they may charge a small administrative fee.The interest rate is usually a little bit above prime.The interest paid is going back to your retirement account.Now on the negative side:To get the loan out, you will have to sell some of your retirement asset to get liquidity.During the time of the loan, your retirement account will grow slower as there would be less money in it.If you separate from your employer you will have to repay the balance of the loan immediately.
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23 March 2020 | 6 replies
I would recommend you change over utilities and whatever else can be into your name for whichever unit you will actually occupy.
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6 April 2020 | 26 replies
@Paige HillAs others said do your due diligence in which ever market.