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6 March 2024 | 7 replies
Rollover from your old employer 401k into self-directed Solo 401k is not a taxable event and wont' affect your taxes.
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6 March 2024 | 6 replies
@Ben FrenchYou can find more expensive notes in major cities but two things typically occur with these types of assets.First is you will pay more the note and second is the borrower is significantly more sophisticated and will also employ a legal team and fight you tooth and nail to keep the property if it does have value.
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6 March 2024 | 5 replies
Before you quit your W2, you'll want to make sure your rentals are making enough on paper to replace that other income.Once you quit your W2 job, you'll officially be considered self employed by lenders and the important thing to keep in mind is that we can only count your NET income.My advice is chat with a CPA who can help you structure your income properly and try and do it 2 years prior to quitting your W2 job.
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8 March 2024 | 121 replies
2) Employment - The current unemployment rate is meaningless without also including the participation rate.
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6 March 2024 | 13 replies
As far as hitting the 2 year mark for your job, that might not be necessary as long as you have at least 2 years of employment history in general.
5 March 2024 | 4 replies
Based on the employment records the jobs thst afford them the apartment are new.
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6 March 2024 | 8 replies
Yes can definitely turn your current primary into a rental and purchase a primary in FL where your employment is moving you to .
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5 March 2024 | 7 replies
Alongisde that, it will be important to have stable employment, because your job is what helps you qualify.
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6 March 2024 | 6 replies
What tools or methods should I employ to evaluate its true market value?
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6 March 2024 | 4 replies
With so many “alternative” qualifying programs out there, there really has to be something other than “under 2 years employed” or “doesn’t show all his income” for the buyer not to be able to obtain institutional financing, and hence be willing to spend $250k for a $200k house.