Alan Mills
Seeking Strategies to scale up
30 December 2024 | 4 replies
This keeps them motivated.Clear Contracts: Make sure your contracts have deadlines and penalties for delays.Regular Check-Ins: Visit the site often to catch issues early and keep things on track.Scaling UpMultiple Contractors: Work with more than one contractor to avoid delays.
Alex Hymanson
Self-Storage Opportunity - requesting guidance
3 January 2025 | 7 replies
Will ask lenders bout prepayment penalties and refinancing options as well.Alex
Mike Levene
Most efficient source to pull funds from for a down payment?
20 December 2024 | 4 replies
I have some of the required funds in a HYSA, but will most likely need to draw from another account and I'm curious which method is the most efficient in terms of taxes/capital gains, penalties, loan repayments, etc.Based on my previous transactions in the market, I estimate ~$45k cash to close: $20k for the down payment, $15k for closing costs and prepaids, and $10k of starting reserves.
Janet Behm
Corporate Transparency Act (CTA) under PRELIMINARY INJUNCTION
23 December 2024 | 2 replies
This could include computer delays, the inability to reach the site, creating a late filing, and subsequent penalties.
Jeffrey A.
Should I use a HELOC for first my first flip or find other means?
12 January 2025 | 10 replies
In theory, since we don't have a prepayment penalty, you could borrow the money, complete the rehab and pay off your loan before your first payment was due.
Sami Gren
WHAT to do when adding a tenant to an existing lease?
7 January 2025 | 16 replies
BUT even then, the contract is valid, it just violated Portland regulations and the owner would owe the tenant the local Relocation Fee (penalty, which is steep).
Chris Olandese
Tenant threatened to move out
18 December 2024 | 13 replies
I also recommend explaining what the penalty will be if she's not out as scheduled.
Claude Diehl
Sell a Solo 401K property with owner financing
23 December 2024 | 6 replies
Prohibited transactions can result in penalties and disqualification of the Solo 401(k).2.
Dustin Sanders
Any 10-15% DSCR Loans?
19 December 2024 | 26 replies
I’m ok with prepayment penalties before 3 or 5 years.
Michael Plaks
EXPLAINED: sending 1099s to contractors and vendors
13 January 2025 | 8 replies
If you do not report these earnings to the IRS, you can incur IRS penalties as high as $580 – for each worker ($290 for not sending it to the IRS + $290 for not sending it to the contractor)!