Anne Christensen
Best Down Payment Option
15 October 2024 | 16 replies
In my research, default rates are pretty high amongst 401ks loans. 5) If you leave your employer and want to rollover your remaining balance to an IRA to be able to invest in real estate, known as a self-directed IRA, you have to either A) Payoff the loan first, or B) When you rollover funds, the loan balance will be immediately distributed to you, thus taxes and penalties, and you forfeit all that tax-advantaged money back in the account. 6) 401ks are generally covered under federal ERISA rules, which affords you additional creditor protections, from outside of the 401k judgments.
Trevor Hummel
Difficulty with a Cell Tower Lease Agreement for Self-Storage Property
15 October 2024 | 1 reply
The lender of course required this for financing and the seller, out of ignorance I assume, refused to obtain a written notice from the cell tower company. (2) The cell tower was not paying monthly rent but rather paid an upfront payment of $75k for the 41 years remaining on the lease term.
Graham Huber
How is the philadelphia real estate market?
16 October 2024 | 6 replies
The Greater Philadelphia Counties remain strong.The Greater Philadelphia presents a unique mix of affordability, growth potential, and solid rental demand.
Sanjeev Advani
Why Are Office Rents Rising Despite High Vacancies?
14 October 2024 | 0 replies
These costly improvements are pushing rents up.While effective rents (factoring in concessions) may be declining, asking rents remain high as landlords aim to maintain their property value.
Logan Jamieson
Frustration with current market: Seeking wisdom, encouragement, lend me your tenacity
17 October 2024 | 12 replies
Even though cost of debt quickly doubled in 2022 and interest rates remained higher in good areas properties continued to appreciate in value.
Nate Armstrong
Is a huge real estate crash coming soon?
21 October 2024 | 176 replies
When rates were low 3's, they said any day a crash was coming.When rates jumped to 8%, they said any day a crash was coming.During both markets, the foreclosure rates and prices remained healthy and strong in most markets.Inflation has come down, 9/10 markets are up YTD in prices, and rates have come down from 8% to upper 6's.
Dan K.
True Story: For immigrants, Real Estate is the best way to reach the American dream
15 October 2024 | 8 replies
I'm thankful that my parents were able to live the American dream before my father passed away, and that my mother has a secure financial future during her remaining years.Its difficult to get ahead even if you can speak English and are educated but how much more so if you are a poor immigrant.
Oladimeji Sonibare
Is Running Ads to a Preforeclosure list Illegal?
26 October 2024 | 25 replies
My bet remains the same though.
Jason Smith
Help! My Rentals are keeping me from getting a personal home loan
13 October 2024 | 23 replies
However the banks that are underwriting these deals are killing us (Frost and PenFed).The home we are wanting to purchase will cost about the same as we are paying now so the Debt to Income should remain the same.
Account Closed
Buying a property in 2025 - Bonus Depreciation?
17 October 2024 | 15 replies
Earlier this year, the government did not renew or pass any law to extend bonus depreciation back to 100% after 2027, so the current phase-out schedule remains in place.In the meantime, I would recommend doing some tax planning to assess where you stand in terms of projected tax liability for 2024.