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25 February 2025 | 29 replies
Look for brokers with a history of successful deals in your industry, demonstrating their capability to navigate the complexities of business transactions.Finding Lenders and Exploring Financing OptionsIdentifying the right financing partners is essential for leveraging your equity effectively.
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29 January 2025 | 40 replies
Seriously, all I can tell you is this:Showing you screenshots, and a ton of leads from my website is a direct indication of the effectiveness of what I am telling you.
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16 February 2025 | 27 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.
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29 January 2025 | 5 replies
The cost effective way starting is partner with an established wholesaler and they provide people to reach out to or pay for lists and do cold calling/door knocking yourself.
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28 January 2025 | 0 replies
By focusing on effective time management, clear communication, building your network, and implementing a solid marketing strategy, you’ll be better prepared to navigate the ups and downs of the real estate industry.
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29 January 2025 | 27 replies
We live in San Diego so would be long-distance, TBD if we self-manage or enlist a PM.
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22 January 2025 | 21 replies
Also be aware of Unrelated Business Income Tax (or UBIT) on leveraged real estate inside of an IRA.Or better yet, since you are self-employed - go with a truly self-directed Solo 401k plan, which would be a much better option and will help you avoid the UBIT on this investment.
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1 February 2025 | 7 replies
Indoor sprinklers are so effective.
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31 January 2025 | 8 replies
Cash for keys is probably not effective since they don't have anywhere to go [most LL are not likely to rent to them] however, I plan to have that conversation and offer any assistance with moving.Thanks again
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30 January 2025 | 8 replies
The recent surge in natural disasters has created an "Armageddon effect" on the real estate industry.