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15 February 2025 | 11 replies
If that is the case, just let them take it to market to sell.You could offer to manage the property and have them to rent it out now where you pay them a flat rate every month and anything you make over that amount is yours to keep.
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18 February 2025 | 16 replies
However, the fact that Rent to Retirement’s reviews keep coming back might also be a sign that they're hitting all the right notes with their customers.
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26 January 2025 | 2 replies
For my POH park I have a hourly PT maintenance manager who keeps our rentals in shape.
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12 February 2025 | 15 replies
Ranking in order though...1) Prices will drop - 10-20% because the job market is getting tougher2) Salaries will increase - 3-4% per year to keep up with inflation3) Interest rates will drop - 100-150bps as people worry less about inflation4) Unfortunately, the dream of a house with a white picket fence will be out of reach for many, especially before the age of 40.
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28 January 2025 | 0 replies
Surround yourself with a support system and keep pushing forward.4.
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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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10 February 2025 | 10 replies
I would start keeping track of everything that you've had/have to do while owning/acquiring this property.
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28 January 2025 | 3 replies
Prices in Detroit are likely to keep going up.
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23 February 2025 | 5 replies
Great news it looks like you have a ton of equity and I'm guessing the one side covers your expenses.If you want to keep it - I'd probably look at the AHA (section 8) route prior to co-living. 3-4 bedroom vouchers should net you more at the end of the day than the co-living model.
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30 January 2025 | 0 replies
We made a lot of mistakes like working in the wrong order and doing work just to keep my employees busy.