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Results (10,000+)
Danny Shore qualifying for a mortgage & traditional IRA contribution
20 April 2014 | 1 reply
If credit is very good, it's a non-issue.The guidelines for your debt to income ratios use your gross income, so as long as you are not obligated to contribute you should be fine, if you fall into other concerns you can change your contribution simply to show you are addressing the need for additional funds being available for debt service. :)
Don Clark Funding Multifamily (4 units)
21 April 2014 | 5 replies
Owner carry contract.Conventional loan plus either a second lender, or a private investor to pay the downpayment.These are the 2 easiest options to go with. besides the VA which include very strict guidelines.
Dusty Warner Greetings from San Antonio Texas
25 April 2014 | 21 replies
Remember that the 2% and all the other rules are just guidelines.
Christopher Hydrick Parents supplying property for daughter and her spouse
21 April 2014 | 4 replies
In order to get income tax deductions that would withstand an audit, they would have to follow certain IRS guidelines that might not be followed when letting family live in an investment.
Tom Scott Can I Invest in My Own Business With 401K Money?
2 June 2015 | 24 replies
As long as you stick with an experienced and reputable provider (that have ERISA, corporate, and tax attorneys on staff, such as the four I listed previously), and follow their clearly delineated guidelines for avoiding prohibited transactions and running the 401k in a nondiscriminatory manner, then I don't view this as a risky technique whatsoever.Again, I tallked to all four providers that I cited, and all indicate that in those instances where their client plans have been audited (talking about actual audits, not generic letter of determination), that the IRS has taken no adverse actions against their clients, insofar as those clients followed the clear rules.
Richard Bell Creating a Master List of Products to use for a Rehab
25 April 2014 | 2 replies
Also, would anyone be interested in starting a per group to develop a set of guidelines for rehab products.
Account Closed SFH or Multi in Hampton Roads, VA
24 April 2014 | 5 replies
But at the same time, I'm in a military town and I think I should capitalize on that but that would mean I have to focus on single family homes and I understand sfh's could be a gamble compared to multi-families.
Rodney Kuhl SSI income doesn't meet 3x monthly rent criteria - still ok?
4 May 2018 | 37 replies
I would stick to your initial screening guidelines....how long has it been up for rent?
Cal C. 20 Things the Rich Do Every Day
1 May 2014 | 21 replies
Tom Corley, on his website RichHabitsInstitute.com, outlines a few of the differences between the habits of the rich and the poor.1. 70% of wealthy eat less than 300 junk food calories per day. 97% of poor people eat more than 300 junk food calories per day. 23% of wealthy gamble. 52% of poor people gamble. 2. 80% of wealthy are focused on accomplishing some single goal.
Walt Payne Private lender says no triplex houses
25 April 2014 | 4 replies
Elderly are contrary at times, some often feel that laying down some type of guideline is a way of maintaining control of their money.