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17 January 2025 | 24 replies
However, as these terms are not used "scientifically" in the Solo 401k industry, it's advisable not to focus on those terms; rather, develop a sense of what's required to maintain a Solo 401k plan and identify exactly what is offered by a service provider.The upshot of all this is that once you've adopted a Solo 401k plan, it doesn't suddenly vanish or become non-compliant because a "plan provider" or "plan administrator" resigns.
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6 January 2025 | 8 replies
If your parents do not have experience and you are eager to learn, you should come up with a strategy with your parents so that you can start managing the existing portfolio and finding a way to grow it.First and foremost I would maximize the property as much as possible now.How well is it maintained - any deferred maintenance?
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8 January 2025 | 11 replies
These will eat away at any "cashflow" you may have.2.Tenant Issues: Properties in certain areas may face challenges with tenant behavior, making it tough to maintain the house long-term.
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2 January 2025 | 25 replies
I don't want to give the impression that we don't maintain.
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4 January 2025 | 11 replies
It's important to follow your state’s tenant/landlord laws and maintain a record of any essential notices given.
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8 January 2025 | 11 replies
If it's not feasible due to circumstances I suppose I'll have to adjust my situation (find weekend job, move back to NJ with parents, move to a different state with, etc.)All responses are appreciated, and I am absolutely open to chatting on the phone by the way.My view on house hacking is it can be a great tool to buy a house you could not otherwise afford, but it shouldn’t be a goal in it of itself if that makes sense and that’s not to discourage you from investing just there are alternatives such as the stock market. so I’d start by asking where you want to live, do you want to own a single family home or does it make more sense to rent in a more interesting neighborhood like Arlington, Alexandria, that’s gonna be a personal choice, Will your monthly payment actually be less than renting/how many people do you need to get in the house to afford that?
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22 January 2025 | 39 replies
If the manufacturer doesn't have a color that's close enough, you can change to another manufacturer and try to match against their stock colors.Good luck with it!
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14 January 2025 | 17 replies
I'd say everything else is the consequence of the 2 points above - the weather and the state of economic affairs influences everything else, including safety, infrastructure, the condition of housing stock, etc.
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7 January 2025 | 19 replies
A C class neighborhood in the rust belt might look like a D class in another area because the rust belt has older housing stock and has a different look and feel to neighborhoods.
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28 December 2024 | 23 replies
Risky too compared to just holding stocks or bonds.I'm not even worth that much money so I have to ask the more experienced and successful investors on this forum: what keeps you going?