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14 January 2025 | 3 replies
When Trying to qualify for a traditional loan, lenders usually price your purchasing power at 3x your net income.
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13 January 2025 | 3 replies
That does not require employment or job seasoning instead it uses the rents to qualify and you can take out up to 80% LTV cash.Use the cash to put down on the next 1-2 or more properties as long as the other properties are debt servicing themselves it opens up more opportuities to buy more future assets and increase your passice income.
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17 January 2025 | 24 replies
@Alicia Prokos (and anyone else in the same position) A 401k plan is a type of Qualified Retirement Plan, in which there are - at a minimum - 2 essential roles: Trustee and Administrator.Plan administrator – The person who is identified in the plan document as having responsibility for running the plan.Plan trustee – Someone who has the exclusive authority and discretion to manage and control the plan assets.In the overwhelming majority of plans, it is the business owner and/or the business entity adopting the plan that fill these roles.Companies that provide 401k administrative services are more aptly called "third-party administrators."
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25 January 2025 | 26 replies
Place your cards on bulletin boards wherever you go.
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25 January 2025 | 14 replies
This is where your qualified intermediary takes title to the new property and holds it until you are able to close on your old property.
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15 January 2025 | 5 replies
Even then, the IRS may scrutinize the transaction if it appears the intent was to immediately convert the property into a personal residence.Additionally, if you eventually sell the property after converting it to a primary residence, you may qualify for partial benefits under the Section 121 exclusion for primary residence gains.
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6 January 2025 | 3 replies
Each change took a meeting, then two different public hearings, then a Board approval meeting.
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2 January 2025 | 21 replies
US credit (some lenders may require 1 or 2 credit scores to qualify you).
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20 January 2025 | 19 replies
For many of us we are above board and tend to think we do the right thing but the number of vultures out there is pretty significant and its really those who this is about.