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17 October 2018 | 23 replies
I live in the next town over from Worcester.
16 October 2018 | 10 replies
They write their name or property address on the deposit slip and I can view the actual deposit slip.I also use Zelle which is instantly transferred to my bank account and is supported by all the major banks and is likely built into your banks app.I do not venmoe, it is slow and I have better 3rd parties.I also have some that use ACH transfers.All of these that I use are free to use.If they don't pay on their own then I give them a warning and if that doesn't work I start the eviction.I want rent to come in with no interaction from me.
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9 November 2018 | 3 replies
I haven't heard many discussions about those areas, but there are definitely nice areas that seems to be booming in some of those towns.
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16 October 2018 | 1 reply
Plus the loan can be built out with no PMI and usually a lower monthly cost than a comparable FHA loan.
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6 August 2021 | 76 replies
. :( and I lost all my equity in Wildwood project.. that last phase was originally 540 lots.. we built the first 125 of them about 1989 .. and of course the war etc.. and we sold NOT one lot after that phase was built the county would not allow any more lots..
13 October 2018 | 1 reply
My chosing to use an all cash strategy means I end up selling a lot and constantly dealing with paying taxes but it works for me especialy in later years when I have built up momentum.
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16 October 2018 | 12 replies
It’s interesting, couple that is retiring in a rural area that basically bought up a large % of the town.
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17 October 2018 | 9 replies
(Well, it would be once the 6-plexes are fully rented.)Also consider what you have to maintain for each property:Office: 1 Roof6-plexes: 2 RoofsOffice: 4 HVAC units6-plexes: 12 furnaces + 12 AC window unitsOffice: 2 kitchenettes (Fridge, sink)6-plexes: 12 full kitchens (Above, plus range/oven, vent/hood, dishwasher, etc.)Office: 4 bathrooms6-plexes: 12 bathroomsA couple more confounding factors: The office building is built in 2005 and located in a suburb of a major metropolitan area currently experiencing substantial growth.
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29 October 2018 | 6 replies
Roth IRAs cannot be transferred to Solo 401k plans.A few other Solo 401k benefits: Compared to an IRA, Solo 401k contributions limits are roughly ten times higher.There is no custodial requirement for the 401k.You don't need the additional expense and administration of an LLC to have checkbook control.There is a built in-Roth component whereas IRAs are either traditional or Roth, not both.A spouse can also participate in the same Solo 401k plan.The Solo 401k has additional tax benefits over an IRA when investing into real estate using leverage.
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19 October 2018 | 19 replies
Many college towns, including mine, do not allow more than 3 number of unrelated persons to live together.