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29 March 2024 | 11 replies
The max Uncle Sam allows is 50k if you haven't taken a TSP loan in the last year.I've seen both good and bad experiences with this but at the end of the day it's no different from any other type of loan, you are just your own bank in a sense.The downside or risk is that you lose your job, your property isn't cash flowing, are unable to pay back the loan, and your retirement account suffers since the loan essentially turns into a withdrawal.The upside or best case is you have the loan for less than a year, your BRRRR pays off the loan, and you pay yourself interest 5% interest.The opportunity cost is if the stock market goes up 20% and you were only paying yourself 5% interest you'll miss out on the excess returns.
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27 March 2024 | 17 replies
We all got some mold from moisture if you don’t think so look in your shower.
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29 March 2024 | 7 replies
In addition the tenant protection Act of the city of San Diego places rent control and eviction rules in excess of state mandated laws.
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30 March 2024 | 45 replies
Declining rates and demand coupled with excess supply is making the STR business harder than ever.
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1 April 2024 | 39 replies
I just cringe every year i have to pay that its for gross revenue in excess of I think 1 or 5 mil..
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28 March 2024 | 9 replies
I was left with an excessive water bill ($10k) at my 4-unit property as they failed to fix a water leak, which I complained about once I noticed a spike in the water bill.
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28 March 2024 | 11 replies
Property operations: Deep cleans, air filter changes, moisture issues, hvac maintenance, etc..
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28 March 2024 | 10 replies
(No kids, excessive debt, responsibilities that come with age, etc.)By the time you reach 21 onward your experience level will be that of a budding pro when others may not even have begun which would be incredible for you and would carry a lot of momentum.My biggest advice in the wholesaling world would be find someone who is doing it and doing it well, ask them to bring you on for free or very minimal pay and absorb all of the knowledge in return for time and effort.
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27 March 2024 | 1 reply
Because of the condition, you may have to go to the Excess / Surplus Lines market (ie.
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27 March 2024 | 4 replies
There are standard carriers and Excess/Surplus markets for that coverage.