2 September 2020 | 7 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that the account into which the funds are deposited must be the same type of account from which the funds were first withdrawn (e.g. withdrawal of pre-tax funds from a 401k could be deposited in a pre-tax IRA but not a Roth IRA - "like to like").Loans:Payments on a 401k loan taken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.

30 August 2020 | 1 reply
That’s a question best asked of an actual lender...attempt to get a preapproval, mentioning this issue specifically
28 September 2020 | 5 replies
Can’t tell you how many got replaced due to theft and attempted theft.10) Know your exit strategy and number, is there upside?

2 September 2020 | 9 replies
I am attempting to rent a house and am currently in negotiations with the landlord.
19 September 2020 | 17 replies
It's important to read what it covers and what it DOESN'T cover:The person has to prove they can’t pay the full amount because of loss of work RELATING TO COVID-19The person has to make every attempt to pay rent on timeThe person has to APPLY under Oath, under penalty of perjuryIt is not automatically grantedIf the renter has some other place to move to, they can be evictedThe renter STILL OWES all rents, they have to be paid at some pointThis does not include foreclosure on a home mortgageThey can still be evicted for violating OTHER TERMS on the lease agreementHere is the Actual Wording: “Covered person”means any tenant, lessee, or resident of a residential property who provides to their landlord, the owner of the residential property, or other person with a legal right to pursue eviction or a possessory action, a declaration under penalty of perjury indicating that:1) The individual has used best efforts to obtain all available government assistance for rent or housing;2) The individual either (i) expects to earn no more than $99,000 in annual income for Calendar Year 2020 (or no more than $198,000 if filing a joint tax return),(ii) was not required to report any income in 2019 to the U.S.

3 September 2020 | 4 replies
Please share your view.It's important to read what it covers and what it DOESN'T cover:The person has to prove they can’t pay the full amount because of loss of work relating to COVID-19The person has to make every attempt to pay rent on timeThe person has to APPLY under Oath, under penalty of perjuryIt is not automatically grantedIf the renter has some other place to move to, they can be evictedThe renter STILL OWES all rents, they have to be paid at some pointThis does not include foreclosure on a home mortgageThey can still be evicted for violating OTHER TERMS on the lease agreementHere is the Actual Wording: “Covered person”means any tenant, lessee, or resident of a residential property who provides to their landlord, the owner of the residential property, or other person with a legal right to pursue eviction or a possessory action, a declaration under penalty of perjury indicating that:1) The individual has used best efforts to obtain all available government assistance for rent or housing;2) The individual either (i) expects to earn no more than $99,000 in annual income for Calendar Year 2020 (or no more than $198,000 if filing a joint tax return),(ii) was not required to report any income in 2019 to the U.S.

21 September 2020 | 2 replies
I would love to be able to flip houses, or attempt whole sailing (also I'm super open minded to any investment strategy) but to be able to afford investing in a market like Vancouver's is improbable, at least from small amount of knowledge I have so far.

3 September 2020 | 1 reply
When attempting to qualify for future loans, those lenders are just going to look at what your total monthly loan payment is, not what interest rate you're paying that lender and certainly not the "total lifetime interest".

10 September 2020 | 3 replies
I believe my first attempts at a real syndication will be very small deals, with non-accredited investors, so a 506(b) most likely.
10 September 2020 | 4 replies
It's a bit insulting since a two bedroom apartment in this complex rents for around $2000 per month and a brand new dishwasher is around $310.Anyway, does it seem like a safe idea to attempt this?