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28 June 2024 | 5 replies
In my locality, persons are recruited to serve as testers for landlord racial discrimination by the local Fair Housing enforcement agency.
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27 June 2024 | 2 replies
Here are some options and considerations:Loan Against Equity/ETFs:Margin Loans:Description: Margin loans allow you to borrow money using your investments (such as stocks or ETFs) as collateral.Pros:You retain ownership of your investments.Generally quick access to funds.Interest rates can be relatively low compared to other types of loans.Cons:Your investments are used as collateral, so if their value declines significantly, you may face a margin call (requiring additional funds or securities).Interest rates can vary and may be higher than traditional loans depending on the lender and your creditworthiness.Securities-Based Line of Credit (SBLOC):Description: Similar to margin loans, SBLOCs use your securities (stocks, ETFs) as collateral, but they typically provide more flexibility and may not trigger margin calls as easily.Pros:Allows for ongoing access to funds as long as your collateral remains sufficient.Interest rates may be competitive.Cons:Similar risks of potential margin calls if the value of your securities drops significantly.Terms and interest rates can vary widely among lenders.Comparison with 401(k) Loans:401(k) Loans:Description: Borrowing from your 401(k) allows you to access funds without selling investments, using your retirement savings as collateral.Pros:Typically low interest rates.No credit check required.Interest paid on the loan goes back into your 401(k) account.Cons:Usually capped at a percentage of your vested balance (commonly up to 50% or $50,000).If you leave your job, the loan may need to be repaid immediately or could be considered a taxable distribution.Potential opportunity cost of missing out on market gains if funds are withdrawn from investments.Other Alternatives:Home Equity Line of Credit (HELOC):Description: If you own a home with equity, a HELOC allows you to borrow against that equity at typically lower interest rates than unsecured loans.Pros:Lower interest rates compared to other types of loans.Interest may be tax-deductible if used for home improvements (consult a tax advisor).Cons:Your home serves as collateral, so failure to repay could result in foreclosure.Personal Loans:Description: Unsecured personal loans can be used for various purposes, including investing, but typically have higher interest rates than loans secured by collateral.Pros:No collateral required.Funds can be used for any purpose.Cons:Higher interest rates and stricter eligibility criteria based on creditworthiness.I am a loan officer and we do some of the loans stated above.
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28 June 2024 | 100 replies
Quote from @Nicholas L.: @Michael S.yep that's how I've thought about it so far tooindividual properties: high control, lower liquidity.
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28 June 2024 | 12 replies
Great question- I love that you are looking for HOW to make it work rather than having decided that it doesn't work, that attitude will serve you well.
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27 June 2024 | 5 replies
You will need a local contact (Statutory Agent) to list that can be served with any legal documents.
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26 June 2024 | 2 replies
While I understand that, my understanding and what our own attorney has confirmed, is that there should be an individual who serves as the guarantor in this type of instance.
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27 June 2024 | 9 replies
You definitely have something in there about quiet enjoyment- serve your tenant a leave violation notice so they know you are serious.
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25 June 2024 | 6 replies
@Jim L., this isn't the kind of deal you can base on comparable sales. 1.
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25 June 2024 | 7 replies
Quote from @Sangwon L.: Quote from @Jake Andronico: @Sangwon L.Congrats!!
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27 June 2024 | 62 replies
But I guess you are the guy who brings his own steak to a restaurant and asks how much just to cook and serve it ?