
27 August 2016 | 3 replies
A preliminary Team includes Attornies, real estate Agents, CPA's (or accountants), Inspectors, General Contractors, and Handymen.Always remember to do a math analysis and try to look at prospective properties before you make an offer or at least have a clause in the sales contract that allows you the time (about 15 days) to make a detailed inspection and possibly back out of the deal without a penalty that will hurt you very much.

25 August 2016 | 4 replies
I was thinking bullet payment of 5K and if not paid by due date 10.5% annual paid monthly after the 2 month period?

26 August 2016 | 8 replies
sorry, I was signed into my husbands account...I promise he doesn't have a husband-LOL

2 September 2016 | 18 replies
Account Closed and I have a meetup in Downers Grove not too far from you.

3 September 2016 | 33 replies
Following is how the ROBS 401k works: Because you directly rollover your IRA or former employer 401k, 403b, Keogh, SEP, SIMPLE, or other eligible account, to your new ROBS 401k plan, which then funds your business, you incur no taxes or early distribution penalties.Unlike traditional 401k plans that allow for a 401k participant loan, that is, borrow up to 50% of the account balance not to exceed $50,000, the ROBS 401k for business financing plan allows you to use all of your retirement funds to fund your start-up business.The ROBS 401k funded corporation allows you to draw a reasonable salary from the business.ERISA 408(e), and ERISA Reg. 2550.408 list information regarding the use of 401k funds to invest in employer stock of the employer’s corporation.The IRS formally commented on the use of 401k business funds on Oct 1, 2008 by issuing IRS memo commenting that the use of retirement funds is not disallowed but continue to be reviewed by the IRS.The use of retirement funds for business funding entails the 401k purchasing stock shares in a C-Corporation.

25 August 2016 | 7 replies
I've read a few articles describing the benefit of using a 3rd party like "cozy.com" to collect rents from tenants...one benefit being my routing and account number aren't given to tenants for direct deposit which can evidently lead to issues down the road...however, the main benefit being that a tenant can stall an eviction by direct depositing a portion of the rent owed into my account, thereby, nullifying the eviction process and having to start over since I "accepted" partial payment.

28 August 2016 | 2 replies
Does anyone know what's typical or know where I can find what % I should put in the calculator for the following in Indianapolis :Vacancy Repairs and Maintenance Cap ExAnnual GrowthAnnual PV Growth Annual Expenses GrowthSales Expenses Thanks!
26 August 2016 | 3 replies
This means that pet owners are spending roughly $1,379 on their pets per household annually.

26 August 2016 | 2 replies
Obviously, more might come out during DD when I get the financials.In a typical buy & hold deal, I look for 12-15% cash on cash and somewhere around 30% total annualized ROI.

29 August 2016 | 10 replies
The typical Team members are Attornies, real estate Agents, CPA's ( or accountants), Inspectors, General Contractors, and Handymen.