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11 October 2024 | 10 replies
The implications of taking money from a retirement account(if not Roth) is that the distribution will be considered income and potentially subject to a 10% penalty.In my opinion, real estate investments and securities within a retirement account are used towards your later years.So it doesn't matter whether it is in one bucket or the other.If you are subject to the 10% penalty, I would only take out a distribution if you strongly beleive your return from real estate will be several percentage points higher than what you can invest in with your IRA.For example, if your return within the IRA is about 8% and you can make 10% in real estate, I would consider doing the distribution because the extra return will pay off the penalty over a few years.Best of luck
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12 October 2024 | 16 replies
Market ConsiderationsWhile current rates may fluctuate, the ability to secure 6.375% now might be a rare opportunity, especially given the overall uncertainty in interest rate markets.
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12 October 2024 | 8 replies
We rarely have issues with animals causing damage and less than 1% of all pet owners cause more damage than the security deposit will cover.Pet owners pay more and stay longer.
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10 October 2024 | 25 replies
And the key here being that I don’t know how and wouldn’t be able to do it myself, so whatever it costs is what I have to pay 😂 like any field, you have to pay an expert to do it right, AC installation in Texas definitely not an exception to that rule.
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10 October 2024 | 6 replies
Either have them start sending you their rent or find a new PMC ASAP.Once you have that issue resolved, you can focus on any missing rents and security deposit.When did the broker stop sponsoring your PM?
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11 October 2024 | 3 replies
I’m looking for some guidance on my next steps toward achieving financial freedom through real estate.My long-term goal is to acquire enough rental properties to secure my financial future.
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7 October 2024 | 6 replies
These loans are typically secured by real estate assets and can be repaid once your cash flow improves.Mezzanine Financing: This combines debt and equity financing, allowing you to borrow the needed funds with the option for the lender to convert debt into equity if not repaid on time.
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12 October 2024 | 7 replies
Many actually operate their real estate businesses more recklessly because of this false sense of security.
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11 October 2024 | 7 replies
Yesterday, we presented our 153 Single Family Planned Unit Development (PUD) to the City Commission and secured a favorable 4/5 vote for approval!
15 October 2024 | 69 replies
Even when it is completed there is ongoing monthly cost to keep the code from breaking and keep it secure and updated.