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Results (2,971+)
Nick Lucas New investor need advice
11 April 2024 | 3 replies
This enables you to stay in the duplex while accruing savings and keeping your own living expenses lower.
Jessie Dillon Commercial loans & personal guarantees
9 April 2024 | 13 replies
If that doesn't cover the principal balance plus all accrued interest, exit fees, yield maintenance, prepayment penalties, default interest, advances made for unpaid property taxes and insurance (even forced placed insurance), advances on senior loans, foreclosure costs/fees, toxic waste cleanup, costs of resale, the list goes on and on...the lender can sue each and every one of you for the entire unpaid amount.The way this would likely play out, should the lender elect to enforce the personal guarantee, is they would file suit naming each partner as a defendant. 
Jon Fletcher Cryptocurrency or Bitcoin Mortgages
8 April 2024 | 7 replies
Using simple numbers, assume I want to purchase a $100,000 property using crypto as collateral:- I pay the closing costs with cash- I put down 10% down payment with cash ($10,000) - I utilize a crypto mortgage for the remaining 90% ($90,000) This way, I still keep my crypto and I have a property, both of which may accrue in value over the long-term.
Sree Todu 1031 Exchange Question
8 April 2024 | 5 replies
  - Any payments made on the note will be recognized as income for you and subject to capital gains tax - Interest accrued on the note will be subject to ordinary income tax rates in the year you receive the paymentsHow to navigate around this1. 
Justin Sheley Fund & Grow Financing
14 April 2024 | 885 replies
Any cash advances taken on these cards will be hit with an upfront fee and interest will start accruing immediately.
Douglas Middleton HELOC 1st Lien Position
8 April 2024 | 39 replies
It comes with both the Sweep Checking account that automatically takes any deposits during the day and pays principal first at 12AM each night "sweeps," over that money into the AIO or line of credit.Some features:-AIO or All in one - 1st position lien of credit accrues interest only after principal is paid at 12AM based on rate/365 simple interest and auto charges it to you balance on the 20th-21st of the following month (interest is basically paid slow and principle always first)- You get 2 accounts when you setup the AIO: 1) the AIO 1st position line of credit itself, 2) The Sweep Checking account- There are no monthly payments so long as you have available credit because the interest is added to your balance on the 20th-21st of the following month and that reports as an on time payment.- Margin on the AIO ranges from 3.25-3.75% + 1 month libor Index (which has lately been around .16% or so).
Account Closed April 15th is 10 days away! Why Filing an extension is NOT the end of the world.
5 April 2024 | 1 reply
The majority of taxpayers are required to settle their tax dues by April 18 to avoid penalties and interest accruing on any outstanding amounts after this date.For those residing in Maine and Massachusetts, the deadline is extended to April 19 due to the Patriots’ Day holiday in these states.How to Request an ExtensionIf you find yourself in need of an extension, the IRS provides convenient options to make the process smoother:File Form 4868:Utilize your tax professional, tax software, or the IRS Free File platform on IRS.gov to submit Form 4868.Individual taxpayers, regardless of income, can leverage Free File for an automatic extension request.Electronic Payment Method:Make an electronic payment using Direct Pay, Electronic Federal Tax Payment System, or debit/credit card or digital wallet.When selecting the payment type, indicate it’s for an extension.
Reggie Nworie Dutch, Non-Dutch, or No Monthly Payments: Which repayment option is best?
2 April 2024 | 1 reply
Instead, interest is accrued into the loan balance and paid at maturity (when the borrower either sells the property or refinances the loan).
Account Closed Deductions for Investment Interest Expenses by Kislay Shah CPA
30 March 2024 | 0 replies
An investment interest expense is accrued when money is borrowed to fund an investment.
Calixto Urdiales Capitol Gains?
28 March 2024 | 34 replies
Then, your estate gets the property with a basis of the current value, and there are no taxes on the accrued gains.So, if you mean you bought a house and sold it three months later with a gain of $50,000, you'll owe tax on that at your ordinary rate.