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13 February 2025 | 7 replies
Alternatives include using a 1031 exchange to buy a new rental property or completing the exchange first and then doing a cash-out refinance to fund the ADU.
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22 February 2025 | 13 replies
Its pretty specific to Oregon I dont see these in other states i build in.. although it could just be included in the settlement statements as a matter of course..
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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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31 January 2025 | 8 replies
Ask an attorney for the cost breakdown, factor in holding costs, assume they'll do more damage on the way out and then ask for a bit more for the headache.But again, especially with no experience with evictions and it sounding like a mess, I would be very tempted to just walk if the tenant is not going to cooperate.
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29 January 2025 | 27 replies
I would be cautious buying in the saturated areas because there are so many similarly sized properties that price is becoming increasingly the deciding factor.
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21 February 2025 | 10 replies
One of the biggest factors at play right now is data transparency among lenders, we can see a lot of the industry-wide trends.
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21 February 2025 | 15 replies
As Jimmy previously mentioned Columbus has strong macroeconomic factors driving appreciation.
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10 February 2025 | 1 reply
Common fees will include a set-up fee, a leasing fee for each turnover or a lease renewal fee, marking up maintenance, retaining late fees, and more.
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19 February 2025 | 266 replies
Just because some fellow investor includes it on her or his log, does not mean it flies - unless this investor was audited and won.
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13 February 2025 | 14 replies
Common fees will include a set-up fee, a leasing fee for each turnover or a lease renewal fee, marking up maintenance, retaining late fees, and more.