
6 April 2021 | 18 replies
@John UnderwoodThe lenders im talking to want to stay far less than 50% of the purchase price for repairs and I also dont want to tackle an extensive rehab for my first.
10 May 2021 | 12 replies
You also have to file an annual information return with the California Franchise Tax Board to report that status of the property. 4) There are no extensions of time, so if the construction takes longer than 180 calendar days you will have a failed 1031 Exchange.

2 April 2021 | 2 replies
Yup, rate lock extension fees to go from 30 to 50 days would be a hit.

18 June 2021 | 35 replies
Could you be confusing your fact with the sunset extension of the bill that made our notice period 14 days and requires landlords with 4+ to offer a payment plan?

3 April 2021 | 2 replies
Currently occupiedby a national tenant who will sign a three year lease extension with an option.

23 March 2021 | 5 replies
I put my new renovated house under the contract and the buyer request a Pre-Occupancy which my agent recommended and I agreed.before agreeing to Pre-Occupancy Agreement the buyer lender Assured buyer loan is good standing and final steps of approval so we agreed Pre-Occupancy and the buyer moved in, long story in short. buyer didn’t get approved with 2nd extension and we tried help him with another lender with but same issue.

22 September 2020 | 5 replies
Any extension past that would be needed 60 days out.

9 October 2020 | 26 replies
Granted my reno was extensive, which requires a partner/contractor and building plans and the whole 9 yards, but the deal was so good that my housing has been cost-free (for a family of 7) for the last several years.

28 September 2020 | 8 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.

24 September 2020 | 4 replies
Here's a timeline for a gut rehab that has more extensive exterior & interior work.