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Results (10,000+)
Lukasz Boczniewicz BRRRR at its finest.
28 January 2020 | 0 replies
After a few rounds of back and fourth negotiations we came to bit of a stall...
Donny Long Typical Offer on BRRRR
28 January 2020 | 2 replies
What if it's a triplex that needs three of a lot of expensive things, asbestos abatement, discover there is soil contamination because it used to have a small gas pump and holding tank under the driveway from when the 3rd unit used to be the driver's quarters in the early 20th century and it's leaking into the earth (I've actually come across that) and it totals way more than $65k?
Ahmed Saad Short Term Rental Operator
30 January 2020 | 4 replies
I have one so far in a beach town, Ahmed, and hope to close on number 2 this quarter
Brian DeLorme Borrowing from a 401K to purchase a rental property
4 February 2020 | 13 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.
Yengkong Sayaovong 401k to purchase investment homes
6 February 2020 | 2 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.
Michael Nevarez IN NEED OF A LOAN TO PAY PERMIT CITATIONS AND PERMIT COSTS
6 February 2020 | 7 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.
Carla Marie NYC-based newbie investing in Atlanta!
5 February 2020 | 11 replies
Our year one goal is one flip per quarter, and from there want to incorporate buy and hold into our strategy as well. 
Derek Larson Tracking Expenses with separate credit card for tax only
5 February 2020 | 8 replies
For instance, if you pay utilities, US Bank cash+ card allows you to choose categories that includes 5% cash back on utilities spending, $2,000 in spending max per quarter.
Gustin Stamatinos Accellerating purchases through financing?
4 February 2020 | 2 replies
Any advice on which path would be best for adding the third, fourth, and fifth properties to the portfolio?
David Martin Househacking: Dealing with Draconian HOA CCR's
4 February 2020 | 3 replies
The literal only other residential that was allowed on the property that was not part of the main dwelling unit was for the purpose of "servant's quarters".