Do not attempt to write this agreement on your own. 

We started construction 6/19 and we're attempting to get the house ready for rent in August to beat the school year starting.

We started construction 6/19 and we're attempting to get the house ready for rent in August to beat the school year starting.

We started construction 6/19 and we're attempting to get the house ready for rent in August to beat the school year starting.Purchase Price: $300kDown Payment: $10kPrincipal: $290kMortgage Payment: $500Taxes/Insurance: $500Lawn: $100Vacancy/Repairs/CapEx: $360Total Monthly Expenses: $1435Total Expected Rehab Costs: $65k-70kTotal Expected Monthly Rent: $2400-2500Total Monthly Cash Flow: $965-$1050CoC ROI: 14-15% What made you interested in investing in this type of deal?

In your “first attempt” at REI, what methods were you using?

I’m trying to create a trail which shows that the LLC is generating income in attempts to qualify for business credit to fund my future deals.

We won and it was almost unbelievable she had the nerve to attempt to sue.

But it has been pointed out that that has most likely been attempted.

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that the account into which the funds are deposited must be the same type of account from which the funds were first withdrawn (e.g. withdrawal of pre-tax funds from a 401k could be deposited in a pre-tax IRA but not a Roth IRA - "like to like").Loans:Payments on a 401k loan taken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.

Purchase price: $20,000 Cash invested: $45,000This was my attempt at a BRRRR.