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4 February 2016 | 13 replies
Depending on how tight the market is in your area you can, at times, get them to pay you more than what they believe the "market value" is but at times (when their money is tight) they will reduce what they will pay (and, once again, tough noogies to the landlord).We were able to increase the rent on our one Section 8 rental (when we participated in this program) by (gasp!)
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1 February 2016 | 9 replies
I look forward to becoming an active participant on BiggerPockets and learning every day, making new friends, and building a portfolio of RE investments that will bring cash flow and more security for myself and my daughter in the future.
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10 February 2016 | 12 replies
Here is how the ROBS 401k structure works at a high level.A new C-corporation is established.Corporation sponsors a new 401k/PSP.The IRA/ former employer 401k funds are transferred to a new brokerage account opened for the 401k/PSP.The new Corporation issues stock shares to the 401k/PSP for the benefit of the 401k owner.The 401k participant must be an employee of the Corporation business and he or she may take a reasonable salary.To the extent that the corporation generates profits and elects to distribute those profits to the owners of the business, the percentage of the profits associated with the shares held in the 401k/PSP will flow back to the 401k/PSP brokerage account.
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3 February 2016 | 0 replies
Thank you all for the great forums and posts that everyone participates in.
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11 February 2016 | 5 replies
Thank you for the acknowledgement, excited to be a participant.
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7 February 2016 | 6 replies
Therefore, excluded from the AML Program is any Federal or state agency or authority administering mortgage or housing assistance, fraud prevention or foreclosure prevention program, though manufactured housing entities participating in such programs must comply with the rule to the extent that any transactions could reasonably be considered to be extending a primary residence loan or offering or negotiating the terms of a primary residence loan.Technical Explanation of Anti Money Laundering Requirements Interestingly, the AML Program does apply to foreclosure prevention actions and counseling services performed by legitimate, non-profit organizations, to the extent any such organizations may reasonably be deemed to be extending a residential mortgage loan (including a short-term mortgage loan), or offering or negotiating the terms of a residential mortgage loan.
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10 February 2016 | 7 replies
Another benefit of a Heloc is that you will participate when rates are falling.
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11 February 2016 | 4 replies
I work on call so I have most of my weeks free and can write, build websites, and a variety of other skills at hand.I'm most interested in commercial real estate and multifamily properties right now, but any area would be great to participate in.Hopefully this isn't the absolutely worst area to post this.
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10 February 2016 | 7 replies
Hearing about (and participating in!)
17 February 2016 | 10 replies
I am looking forward to learning and participating in this forum!