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25 September 2020 | 2 replies
I think it is good to read this about every quarter.
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28 September 2020 | 0 replies
Economic Update(Yom Kippur Edition)The second quarter of 2020 (April, May & June) was the mother of all economic contractions.
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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.
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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).
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30 September 2020 | 13 replies
Once a year, quarterly, monthly or after a rehab project?
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1 October 2020 | 5 replies
Hey BiggerPockets Family, I just closed on my fourth property and I felt that it was important to share how I got started in real estate investing.
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4 October 2020 | 52 replies
Another thing you want to do is quarterly property inspections.
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2 October 2020 | 4 replies
Three of the units are presently rented out, and while the rent isn't provided in the listing, it's safe to assume the rents are likely around the $1,000 to $1,300 range based upon comps in the area (I would personally assume on the lower end, but I could so very easily be wrong). 3 of the 4 units are rented out, with the fourth being purposefully left open in the case somebody wants to owner-occupy (how smart!).
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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.
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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.