Sree Todu
1031 Exchange Question
8 April 2024 | 5 replies
- Any payments made on the note will be recognized as income for you and subject to capital gains tax - Interest accrued on the note will be subject to ordinary income tax rates in the year you receive the paymentsHow to navigate around this1.
Bruce Lynn
Rhino Deposit Alternative
7 April 2024 | 2 replies
Not sure any input will change my mind on it, but posting for same curiosity too.
Erik R Aho
Looking to get into REI, starting with $140,000.
9 April 2024 | 67 replies
Just out of curiosity, what loan are you using for your current househack?
Douglas Middleton
HELOC 1st Lien Position
8 April 2024 | 39 replies
It comes with both the Sweep Checking account that automatically takes any deposits during the day and pays principal first at 12AM each night "sweeps," over that money into the AIO or line of credit.Some features:-AIO or All in one - 1st position lien of credit accrues interest only after principal is paid at 12AM based on rate/365 simple interest and auto charges it to you balance on the 20th-21st of the following month (interest is basically paid slow and principle always first)- You get 2 accounts when you setup the AIO: 1) the AIO 1st position line of credit itself, 2) The Sweep Checking account- There are no monthly payments so long as you have available credit because the interest is added to your balance on the 20th-21st of the following month and that reports as an on time payment.- Margin on the AIO ranges from 3.25-3.75% + 1 month libor Index (which has lately been around .16% or so).
Darryl Lin
Inland Empire (Hesperia) SFR Investment Properties
7 April 2024 | 32 replies
Just out of curiosity, has anyone found any kind of research on the future growth of Hesperia?
Account Closed
April 15th is 10 days away! Why Filing an extension is NOT the end of the world.
5 April 2024 | 1 reply
The majority of taxpayers are required to settle their tax dues by April 18 to avoid penalties and interest accruing on any outstanding amounts after this date.For those residing in Maine and Massachusetts, the deadline is extended to April 19 due to the Patriots’ Day holiday in these states.How to Request an ExtensionIf you find yourself in need of an extension, the IRS provides convenient options to make the process smoother:File Form 4868:Utilize your tax professional, tax software, or the IRS Free File platform on IRS.gov to submit Form 4868.Individual taxpayers, regardless of income, can leverage Free File for an automatic extension request.Electronic Payment Method:Make an electronic payment using Direct Pay, Electronic Federal Tax Payment System, or debit/credit card or digital wallet.When selecting the payment type, indicate it’s for an extension.
Connie Chang
Assumable Loans - Lender Declining?
4 April 2024 | 3 replies
Just out of curiosity - has anyone heard of lenders declining new borrowers for assumable loans, even with strong qualifications?
Nick Yates
How to structure deals.
5 April 2024 | 4 replies
I am going to try to articulate my curiosity the best I can, so here we go...I am young but have been blessed to be surrounded by a few good sponsors with their own teams in place, and they have told me when I come across a "good Deal" I can send it to them and be a part of the deal (75unit+ apartments).
Roc P.
Experience leasing to the Government
4 April 2024 | 13 replies
Factor the costs into your rent.Out of curiosity, what type of use?
Reggie Nworie
Dutch, Non-Dutch, or No Monthly Payments: Which repayment option is best?
2 April 2024 | 1 reply
Instead, interest is accrued into the loan balance and paid at maturity (when the borrower either sells the property or refinances the loan).