
13 October 2020 | 52 replies
But in fact if you wanna stay within about an hour - meaning you'll purchase in New Jersey, to be realistic there's almost no chance to buy something in a quarter decent area and being able to take out your money.

30 September 2020 | 2 replies
Please be sure to select a Solo 401k plan provider which allows you to take a loan and will prepare the required 401k loan documents.The repayment terms are equal monthly/quarterly payments (as you prefer) of principal and interest (e.g. prime + 1%) spread over a 5 year term (or longer if you will use the loan to purchase your primary residence).There are no prepayment penalties and no restrictions on what you can do with the proceeds of the 401k loan.Please note that you are obligated to pay back their 401k (regardless of the performance of your real estate investment).As an alternative to taking the loan, you could even purchase the investment property directly using funds in your Solo 401k (assuming you select a Solo 401k plan provider which allows you to invest in real estate).

30 September 2020 | 13 replies
Once a year, quarterly, monthly or after a rehab project?

4 October 2020 | 52 replies
Another thing you want to do is quarterly property inspections.

9 October 2020 | 5 replies
They don't like to do repairs or finish things so it should be truly move-in ready.The 55 plus market is also seasonal, yes properties turnover all year but a bulk of them will be in the first quarter in Mesa.In summary, know your market, control your costs, and hopefully, have a unit ready in January in a perfect world.

3 October 2020 | 0 replies
The property's sewer/water/trash bill comes in Quarterly from the borough it's in and the account is tied to the house.

8 October 2020 | 0 replies
Am I the only one that is excited that 2020 is near a close? Actually, I can't say that, I am still surprised that the Real Estate market here in Toledo, OH is maintaining a strong and healthy presence. The first 9 m...

14 October 2020 | 5 replies
For Example: Each quarter of 5 Stars for cleaning I will pay a $200 bonus?

15 October 2020 | 8 replies
Next month I’m going to enter everyone who pays on time into a drawing to win $10 worth of quarters for laundry.

26 October 2020 | 19 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.