
3 March 2017 | 33 replies
This is the cheapest money you will ever borrow.

1 March 2017 | 6 replies
The lender wants all "owners" to be on the mortgage so that they will have no problem using the property to cover a default.The only way I could imagine not having both buyers applying for a joint mortgage would be if both of the buyers could borrow money from a different source, either equity on a different property or investment.

8 March 2017 | 15 replies
Remember, the borrowers have deceased and the tax sale is coming up so discounting the note before that day I think would actually happen, and I can get a better deal here.

6 March 2017 | 8 replies
On a similar line of question, is it a good idea to pay down the LOC which you had borrowed from to purchase a rental?

8 March 2017 | 96 replies
Then I borrowed 25k from a relative for a down payment on a new house for our primary residence.
6 November 2019 | 21 replies
If it's a short sale, depending on who owns the note and the borrowers circumstances, relocation incentive may be granted to the borrower.

5 March 2017 | 6 replies
Why are people so vague about how much they make, how much the are borrowing, how much they are paying for the homes etc?

1 March 2017 | 2 replies
Can anyone point me in the right direction or confirm that a borrower can take out a second FHA loan if the borrower only has one at a time and they're taken out over 5 years apart?

6 March 2017 | 13 replies
The Self-Directed IRA and Solo 401k DifferencesIn order to open a solo 401k, self-employment, whether on a part-time or full-time basis, is required;To open a self-directed IRA, self-employment income is not required;In order to gain IRA checkbook control over the self-directed IRA funds, a limited liability company (IRA LLC) must be utilized;The solo 401k allows for checkbook control from the onset;The solo 401k allows for personal loan known as a solo 401k loan;It is prohibited to borrow from your IRA;The Solo 401k may be invested in life insurance;The self-directed IRA may not be invested in life insurance;The solo 401k allow for high contribution amounts (for 2016, the solo 401k contribution limit is $53,000, whereas the self-directed IRA contribution limit is $5,500);The solo 401k business owner can serve as trustee of the solo 401k;The self-directed IRA participant/owner may not serve as trustee or custodian of her IRA; instead, a trust company or bank institution is required;When distributions commence from the solo 401k a mandatory 20% of federal taxes must be withheld from each distribution and submitted electronically to the IRS by the 15th of the month following the date of each distribution;Rollovers and/or transfers from IRAs or qualified plans (e.g., former employer 401k) to a solo 401k are not reported on Form 5498, but rather on Form 5500-EZ, but only if the air market value of the solo 401k exceeds $250K as of the end of the plan year (generally 12/31);When funds are rolled over or transferred from an IRA or 401k to a self-directed IRA, the amount deposited into the self-directed IRA is reported on Form 5498 by the receiving self-directed IRA custodian by May of the year following the rollover/transfer.Rollovers (provided the 60 day rollover window is satisfied) from an IRA to a Solo 401k or self-directed IRA are reported on lines 15a and 15b of Form 1040;Pre-tax IRA contributions on reported on line 32 of Form 1040;Pre-tax solo 401k contributions are reported on line 28 of Form 1040;Roth solo 401k funds are subject to RMDs;A Roth 401k may be transferred to a Roth IRA (Note that from a planning perspective, it may be advantageous to transfer Roth Solo 401k funds to a Roth IRA before turning age 70 ½ in order to escape the Roth RMD requirement applicable to Roth 401k contributions including Roth Solo 401k contributions and earnings.)

2 March 2017 | 6 replies
I'd borrow a enclosed trailer or POD and use the basement.