24 June 2020 | 3 replies
You may wish to confirm that the new 401k provider will handle the ongoing compliance support such as any required 5500 filing (e.g. 5500-EZ for a one-participant plan with assets in excess of $250,000), any required tax reporting (e.g. 1099-r in the event of a distribution or in-plan Roth conversion), mandatory plan updates and amendments, etc.4.
21 March 2023 | 18 replies
Housing demand FAR EXCEEDS supply so our year-over-year property appreciation and rental price increases are in excess of 20% in key markets.
24 May 2022 | 22 replies
Use that excess cash to put towards bad debts, your next property, or other investments.Sorry for the repeat information and advice.
18 November 2020 | 3 replies
You may wish to confirm that the new 401k provider will handle the ongoing compliance support such as any required 5500 filing (e.g. 5500-EZ for a one-participant plan with assets in excess of $250,000), any required tax reporting (e.g. 1099-r in the event of a distribution or in-plan Roth conversion), mandatory plan updates and amendments, etc.4.
26 May 2023 | 8 replies
These kinds of basements were actually meant to trap moisture.
7 July 2019 | 10 replies
Every month you will earn excess money because you have made the choice to purchase and rent out a multiunit.
5 May 2022 | 35 replies
I rather go bigger, but I feel it's unjust for the city to get away with charging this excessive amount.
16 March 2022 | 4 replies
I know that in Texas if a property with only one lien against it is sold at a foreclosure auction for more than the amount of the loan being foreclosed upon, then the excess is paid back to the owner who was foreclosed on.My questions relate to what happens if the property is not sold to a 3rd party at the foreclosure auction, but reverts back to the bank lender (i.e. becomes bank-owned REO property) and the bank later sells the property for more than it was owed at the time of the foreclosure.
4 June 2023 | 21 replies
Additionally, if you delay some gratification and use the excess to grow the portfolio, then there is even more cash flow to unlock after each acquisition.
6 June 2023 | 25 replies
Given the circumstances of the renter during the repair period the $300 seems like a good business decision = (not charging rent during a time when the unit is non-operable as a legal rental).If they did not have the option of staying with a relative (not everyone can--new to the area, etc...) then the closest Motel seems like a reasonable offer.I think it comes down to the rental experience that you want to (or need to) offer the renter (in your market for that property class) to hopefully retain them long term (excessive turns are a money eater).Some areas and some renters are way more self sufficient than others who are used to having everything in life handed to them.Self reliant Wyoming-ens might have a different attitude (or needs) than some of the more urban renters, hence the different (profitable there) business practices (which reminds me of this song)... https://www.youtube.com/watch?