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17 January 2025 | 24 replies
If you are not rolling over to a custodian, but just changing the plan administrator and recordkeeper, you should be able to retain the titling of the investments, which may simplify the process. 3) You should be able to retain the current bank account for the Solo 401(k), but may need to switch to a banking partner that is more compatibly with the Solo 401(k) platform you use. 4) If you have a self-directed brokerage account tied to the Solo 401(k), you may need to make some adjustments there.
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7 January 2025 | 22 replies
This is calculated after accounting for all expenses, including taxes, insurance, utilities (water, sewer, garbage, electric, gas), and an allowance for maintenance costs (typically 5% of gross rent, adjustable based on the building's condition), as well as management fees.I invest in the Binghamton, NY area both as an investor and as a realtor.
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28 December 2024 | 1 reply
This allowed me to get a construction loan to repair the other buildings and repay my investment into the property.
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29 January 2025 | 68 replies
Unfortunately, more mobile home parks are redeveloped into a higher-and-better use every year than are newly constructed.
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14 January 2025 | 23 replies
Use FRCP 26 to construct your argument and give citations where appropriate.
29 December 2024 | 9 replies
Typically when you see "cash only" the agent doesn't believe the property can pass a home inspection which isn't relevant for construction loans in most instances and there are plenty of banks, hard money lenders etc. who offer construction financing on distressed buildings.
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25 December 2024 | 60 replies
if you add one ADU, you will likely be comped against quads with maybe a slight adjustment for it not being a true quad.
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26 December 2024 | 7 replies
Quote from @David Sam: Hi, I bought my first investment property ( new construction SFM) few months back.
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2 January 2025 | 13 replies
Most of the investors I talk with have a hard time finding deals that work on the market.The investors that I work with are finding that New Construction is a good option.
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27 December 2024 | 9 replies
Get a bank statement to cross-reference their paychecks as most employers now direct deposit.You'll also see if they have a savings history or are living paycheck-to-paycheck.If they are not paying rent right now and have no savings, how well do you think they'll be able to adjust their budget, so they can pay rent on time?