
15 February 2012 | 6 replies
I would surprised if I could rollover/merge four accounts into one solo401k (or the two SEPs into one solo401k).Second question is if my solo401k is about to purchase, say, 60% ownership of a property, can the remaining 40% be deeded to me personally and can I personally secure a loan on that 40% ownership without having UBIT kick in?

2 December 2011 | 4 replies
Should or can a tenant claim that the security deposit be returned (minus deduction) but with the percentage that a normal savings account acquired since it was money just sitting in the bank.Thanks

9 December 2011 | 10 replies
quick guess here, but that's probably some sort of breach or default and he could theoretically foreclose for that...some big mortgage companies will purchase insurance at the buyer's expense..not sure how that would work on a seller finance transaction...anyone else??

14 December 2011 | 9 replies
Did you collect 3 separate checks for the security deposit?

31 July 2012 | 9 replies
The income is Social Security, VA benefit (military spouse of a veteran who passed away) and a civil service check.

11 October 2013 | 17 replies
I purchased 3 at one time and had them all re-keyed and secured.

16 December 2011 | 6 replies
Self employment tax or SET is the same as the medicare and social security that's deducted from a paycheck from an employer.

26 December 2011 | 5 replies
The bank still can try to collect on their note with the previous owner, but they do not have the mortgage to secure the note.

2 April 2018 | 10 replies
What I meant with REO brokers is they are not going to sit and secure a crap property over and over with the low commission they are making in a high crime rate area.They get paid a set commission regardless of the price.So whether it stays secure is not a real concern to them.If they sell a 10k house but make 10% which is 1k the condition doesn't matter to most of them.If a 200k house gets trashed where you make 6k on 3% commission or 3k on where the house gets trashed and sells for 125k the broker would stand to lose a bunch of money in that case on the sale.You could argue the broker stands to lose money by losing other listings from the bank in more sales but I don't know many brokers that do more than drop a sign with these types of properties.

18 December 2011 | 7 replies
If you consider it you should require they pay 4 months in advance.This will cover them paying the first months rent,time to immediately evict them if they violate a provision in the lease,and cover paint and carpet again.If they violate the lease for any reason all the money paid upfront is NON-REFUNDABLE.Don't just stick a tenant in there to put one in.Make them meet extra security demands or wait on a better tenant to come along.You have to make a tenant like that have a bunch of "skin" in the game.They may or may not have reformed themselves and if they have they should not mind putting extra down.