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11 April 2020 | 5 replies
Those areas have far better skiing (WAY taller mtns), far better hiking (WAY taller mtns, better views) & WAY better fall foliage (a New England specialty).Here’s a great summary, courtesy of Avery Carl, of the kind of numbers you can expect down south (including complete pro formas).
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13 April 2020 | 8 replies
Might work well in boom/bust resort areas.
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10 April 2020 | 2 replies
I own a lakefront resort with 6 rental cabins + the innkeeper's house + boat dock on 10 acres in a popular vacation area.
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13 April 2020 | 15 replies
That's where the 401k loan would come in but only as a last resort (most likely not).
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12 April 2020 | 8 replies
Contract for deed is often used to allow the buyer to move in while they are preparing to qualify for a conventional loan (to pay off the contract for deed terms); The seller is provided with immediate income; buyers, this can be a way to move into a property they intend to own while avoiding renting from the owner; owner can often command a higher monthly payment under these terms than they could in a rental arrangement; contract for deed may be seen as a last resort for a seller who really wants to cash out their equity quickly. may be local legal restrictions on these arrangements, including restrictions on "repossessing" the property; seller should definitely consult an attorney.
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3 December 2021 | 33 replies
I sell property in Park City, UT (a resort town).
9 July 2020 | 4 replies
But there’s a problem and I’ve come here as a last resort for any ideas I haven’t thought of... it’s a manufactured home that needs about 30k in repairs and was built in the 90’s.
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27 April 2020 | 9 replies
Updated Rules for Using Retrievement Funds for ReliefThe CARES Act has also modified several rules pertaining to IRA and 401(k) plan loans and early withdrawal penalties:The regular 10% IRA and 401(k) plan early withdrawal penalty is waived for amounts up to $100,000, withdrawn for COVID-19-related hardship in 2020The limit of the 401(k) loan program has been increased from $50,000 to $100,000 for the 2020 tax yearRequired minimum distributions from IRAs and 401(k) plans have been suspended for the 2020 tax yearThis may be a last resort, but there is an opportunity to use your retirement funds for operating or emergency capital.
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16 April 2020 | 3 replies
Use HELOC as last resort due to varible interest rates
17 April 2020 | 8 replies
My personal opinion is craigslist should be the avenue of last resort.