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30 September 2016 | 36 replies
One year I'm all gung ho about getting things paid off and the next I'm all excited about cash flow.
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15 February 2017 | 5 replies
Is there any way to try and make a deal with the bank pre auction?
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28 September 2016 | 2 replies
I just finished speaking with a loan officer in Birmingham, AL for a pre approval letter and was told they no longer offered FHA 203k loans.
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29 September 2016 | 5 replies
Our lease break fee was 3 times the rent, mutual termination, paid by money order or cashiers check, and of course security deposit refund depended on how they left apartment, processed in 21 days.
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30 September 2016 | 5 replies
My parents bought in Wilson NC in 1997 and today their house is still worth what they paid 19 years ago.
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11 November 2016 | 7 replies
., former employer 401k) to a solo 401k are not reported on Form 5498, but rather on Form 5500-EZ, but only if the air market value of the solo 401k exceeds $250K as of the end of the plan year (generally 12/31);When funds are rolled over or transferred from an IRA or 401k to a self-directed IRA, the amount deposited into the self-directed IRA is reported on Form 5498 by the receiving self-directed IRA custodian by May of the year following the rollover/transfer.Rollovers (provided the 60 day rollover window is satisfied) from an IRA to a Solo 401k or self-directed IRA are reported on lines 15a and 15b of Form 1040;Pre-tax IRA contributions on reported on line 32 of Form 1040;Pre-tax solo 401k contributions are reported on line 28 of Form 1040;Roth solo 401k funds are subject to RMDs;A Roth 401k may be transferred to a Roth IRA (Note that from a planning perspective, it may be advantageous to transfer Roth Solo 401k funds to a Roth IRA before turning age 70 ½ in order to escape the Roth RMD requirement applicable to Roth 401k contributions including Roth Solo 401k contributions and earnings.)
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28 September 2016 | 0 replies
I am a wholesaler/flipper in general...so on wholesale side I get paid by assignment fee.
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28 September 2016 | 3 replies
I am a wholesaler/flipper in general...so on wholesale side I get paid by assignment fee.
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29 September 2016 | 1 reply
So, make minimum payments on Loans 2-10 with all extra flow going to higher payments on Loan 1 until it's paid off, then devoting all flow to paying off Loan 2, and so on.
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29 September 2016 | 11 replies
On-site or part-time, someone has to do it and get paid while doing it. 5% PM fee is pretty standard for large properties (100+ units) and, yes, 30-units may end up with 8% PM fee and no "official" payroll but the expense is there in some form nevertheless.