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25 June 2020 | 6 replies
If a prospective tenant passed the screening but refused to give the landlord a key during lease-signing (despite attempts to reach a mutual agreement), can the landlord still reject the applicant and start over?
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28 June 2020 | 5 replies
Please note that the account into which the funds are deposited must be the same type of account from which the funds were first withdrawn (e.g. withdrawal of pre-tax funds from a 401k could be deposited in a pre-tax IRA but not a Roth IRA - "like to like").Loans:Payments on a 401k loan taken under the CARES Act must be paid back starting in 2021 over a 5 year term.Here are the details regarding the loans:NEW LOANS:The CARES Act which was enacted to provide relief to individuals impacted by COVID-19 allows for increased 401k loans and more flexibility for repayment of these loans.Specifically, you must be an individual who meets one of the following conditions to demonstrate that you have been impacted by the crisis (and it will be your responsibility to retain documents in your files that demonstrates that you are a qualified individual):Individual who is diagnosed with COVID-19, with a CDC-approved test;Individual whose spouse or dependent is diagnosed with COVID-19, with a CDC-approved test; ORIndividual who experiences adverse financial consequences as a result of being quarantined, furloughed, laid off, having work hours reduced, being unable to work due to lack of child care due to COVID-19, closing or reducing hours of a business owned or operated by the individual due to COVID-19; or other factors as determined by the Treasury Secretary.On or before September 23, 2020, such individuals take a 401k participant loan subject to the following terms:Maximum Amount of the Loan: 100% of their 401k balance not to exceed $100,000.
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24 June 2020 | 1 reply
I am not recommending this but it is part of our attempts to creatively finance.
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1 July 2020 | 15 replies
We're attempting to address the issue to see if there is anything that can be done with it.
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25 June 2020 | 1 reply
My question is: should I ever attempt to bring on more people to scale faster and increase the overall cash flow faster?
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27 June 2020 | 5 replies
My question is: should I ever attempt to bring on more people to scale faster and increase the overall cash flow faster?
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25 June 2020 | 1 reply
The renovations moved slower than I thought, I think in large part because it was first attempt and the learning curve is steep but very achievable.
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28 June 2020 | 3 replies
With anything in finance it is all about looking at the repayment schedule and attempting to use money efficiently.
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6 July 2020 | 7 replies
(My gut tells me this company is so nice and professional that there is nothing to worry about, but I am a newb, not an idiot, so these steps will be taken.)I have attempted to begin educating myself by reading books on private lending, etc, but I would be interested in connecting with someone, again, likely an attorney, who can help me avoid problems and walk me through the process for the first time.
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26 June 2020 | 4 replies
On top of that, the law in almost every state requires us to mitigate our damages and attempt to re-rent the property, so we can't even hold them responsible for the full balance of the lease.