
23 January 2020 | 27 replies
MFH vacant land will likely bear the brunt of the price pull back since most investors will be factoring in the loss of the full abatement and frankly, prices are already too damn high.

26 January 2020 | 12 replies
Negative rental history, eviction, or outstanding monies owed to a previous landlord are unacceptable.

22 January 2020 | 3 replies
I'm on an 80% split with low fees and a phenomenal amount of tech (outstanding CRM, lead gen tools, transaction management, training, etc) provided.

22 January 2020 | 0 replies
Loan amount outstanding: 370KP&I: $1856/moEscrow: $1100/mo (taxes are $8800/yr)Renting: $3900/moI have a HELOC so I can access 70K of the equity (already deployed) but that's a lot of equity sitting there.Would you try to sell it when the lease is up to any buyer and move those funds elsewhere?

11 April 2020 | 12 replies
Damn...Sorry to hear that boss.

27 January 2020 | 53 replies
LOL - but you will need to raise your rent to afford it.But damn, to live in the building and have to pay for property management???

25 January 2020 | 6 replies
I appreciate any info and appreciate all of the outstanding points of view and experience found on this site!

28 January 2020 | 20 replies
Few people do, including the damn lenders (underwriters and loan officers) all too often.The first question I ask is if the appraisal report was done on a FNMA form.

25 January 2020 | 6 replies
250k equity implies an outstanding balance of 600k.

8 February 2020 | 15 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.