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8 March 2020 | 4 replies
Can you elaborate on how you plan to acquire 20-90 unit properties?
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2 March 2020 | 4 replies
I recently acquired a 6 plex in Mesa, AZ that consists of small studios and 1Bed/2bed units.
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28 February 2020 | 0 replies
Basically the idea is to sell shares of a holding that acquires the property.
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2 November 2021 | 1 reply
My question is, what's the best way to go about acquiring the property.
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13 March 2020 | 13 replies
I work in the Kansas City Metro area with investors acquiring properties for them and one thing I have noticed is that the seller is always charging more than what these fixes actually cost.
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14 April 2020 | 12 replies
My condolences for how you acquired the new property.
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1 March 2020 | 2 replies
It seems that the greatest factor in the quality of the deal is not the cost to acquire the property but the rent on the units.
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3 March 2020 | 10 replies
This is the only way you will truly be prepared before you acquire your first investment.
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9 March 2020 | 6 replies
The repayment terms for a 401k participant loan are equal monthly/quarterly payments of principal and interest (typically prime plus 1%) over a 5 year term (longer if used to acquire your principal residence).Please note that if you take a full $50,000 and then pay back the loan, you can't take another $50,000 until 12 months after the first loan was fully paid back.Per the loan offset rules that went into effect with the 2018 Tax and Job Act: if you leave your job and the loan is current at the time you leave your job but then the loan goes into default because you left your job, you will have until your tax return deadline (including any timely filed extension) to make the loan current by depositing the outstanding balance into an IRA (and thereby avoid the taxes and penalties that would otherwise apply).Please keep in mind the multiple loan rules:Under those rules, the sum of the balances of a participant's outstanding 401k loans under a single 401k plan (using the highest outstanding balance of each loan over the last 12 months) can't exceed 50% or $50,000 whichever is less.
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9 March 2020 | 8 replies
Lately as I have had enough cash and don’t see myself acquiring another property in the near future, I’ve been increasing my 401(k) contributions.