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Results (10,000+)
Gary Parilis short-term loan from 401k for rehab
28 February 2020 | 3 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.
Naveen Desai Investors Kept in the Dark and now GP and syndicators selling off
2 March 2020 | 8 replies
Am thinking - How about the GP and mgmt were supposed to disclose performance every quarter to Investors and if they have not done that, can it be basis to sue and put a lien on Prop.  
Brett Stander Buying a home in low income areas
27 February 2020 | 4 replies
My name is Brett Stander, a fourth year finance major graduating from Drexel University in Spring of 2021 (five year program).While I understand the value of working a 9-5, W-2 job, I also see fear the dry, repetitive lifestyle that comes with it.
Caitlin Brown Tuinstra Live-In Flip-What would YOU do with a 10 bdrm in Hagerstown, MD?
1 March 2020 | 14 replies
I could even make the basement into my own living quarters and be sort of closed off from the rest of the house.Tato: Thanks so much!
Collin Hays Any corona virus inpact on your STRs currently?
8 April 2020 | 63 replies
No one wants to transport (we do air transports) a COVID patient, since there'll be three of us in closed quarters with the pt.
Jay Thoms CAP RATES in DAYTON OH and STRATEGY with OFF MARKET SFR and MF
3 March 2020 | 11 replies
This site attracted us as it is in an Opportunity Zone, qualifies for PACE financing, and has lots of development occurring within a quarter mile.
Guy Yoes Co-mingling funds: do's and dont's
13 June 2020 | 12 replies
Each Land trust/LLC has a management contract with a property management C Corp.A WY holding LLC is the single member of all property LLC.All rents, utilities and property taxes are collected and paid by the management Corp. what is left over minus a management fee is remitted quarterly to each property LLC that in turn distribute some back to the WY holding to be either reinvested or distributed back to me.
Josh Servo Protection for LTR with pool
28 February 2020 | 4 replies
Fourth, make sure the tenant has renter's insurance indemnifying you as owner and/or your property manager.Fifth:  dirt is cheap. 
Deniz Eker Compare Turnkey vs Syndicate
28 February 2020 | 6 replies
I highly suggest reading your emails when you get the updates and making sure your ACH transfer is hitting your bank account monthly or quarterly, whatever it is scheduled for.
Hugh Jameson Offering a bank foreclosure closing costs?
28 February 2020 | 3 replies
Think about the person you are offering to - they want to get the most amount for the bank - they also want REO off their books by the end of the quarter (when public banks have to publicize financial statements to investors).