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24 January 2020 | 5 replies
You just have to be aware of the rules when it comes to the sale of the home: The final rule, "FR-4615 Prohibition of Property Flipping in HUD's Single Family Mortgage Insurance Programs," makes recently flipped properties ineligible for FHA mortgage insurance.
22 March 2021 | 18 replies
Look, bottom line - there are many ways where professional investors keep profits at maximum vs expenses (for example: purchase costs can be prohibitively expensive, but if you buy the company holding the asset - there are ways you don't pay the acquisition tax (sometimes 6 and 7% of the pp!).
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14 June 2020 | 2 replies
Although the 2020 Indiana General Assembly Session inserted language in Senate Bill 148 prohibiting the City of Indianapolis from adopting such ordinance requiring the Notice, Indiana Governor Eric Holcomb vetoed SB 148 on March 25, 2020.
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3 August 2022 | 52 replies
Little details... the NC state general statutes (NCSG) prohibit some of the items identified in the stories linked above.
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28 June 2019 | 4 replies
This is one difference between a self-directed IRA and the Solo 401k, as the IRA does not allow for participant loans.A few other Solo 401k benefits: Compared to an IRA, Solo 401k contribution limits are roughly ten times higher.There is no custodial requirement for the 401k.You don't need the additional expense and administration of an LLC to have checkbook control.There is a built in-Roth component whereas IRAs are either traditional or Roth, not both.A spouse can also participate in the same Solo 401k plan.The Solo 401k has additional tax benefits over an IRA when investing into real estate using leverage.The penalties for prohibited transactions are less severe, though it's best not to utilize this benefit :)
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28 February 2018 | 6 replies
@Usman U.What you are trying to do cannot be accomplished because it is prohibited for either a self-directed 401(k) or an IRA to purchase an asset such as real estate that you already own.
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17 September 2022 | 10 replies
Check with Insurance companies that need to put up people when there is a large claim that requires homeowners to be displaced during lengthy repairs.I get calls from a Craigslist ad, but I always have STR bookings that prohibit it except once.
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4 September 2017 | 1 reply
I would guess a clause prohibiting that should be put in the lease?
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29 July 2016 | 10 replies
State law prohibits the management company from disbursing that money to an owner and also dictates that the money must be kept in a separate escrow account.
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18 February 2017 | 8 replies
Some tenants who like those are jewelry stores, photo store type place, postal type places, restaurants/bars with a prohibition type theme.You need to compare the rent bank is paying with current market rents to see if rent is at,above, or below current market.