Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
Results (10,000+)
John Herte Low Credit Scores - Higher Security Deposits?
30 June 2020 | 6 replies
It is fairly common for higher risk to equal higher security deposit.
Alex Chavez COVID and Realestate investing
8 July 2020 | 6 replies
That equals value increases.
Raheem Chaudhry Questions regarding hard loan & Covid-19.
29 June 2020 | 3 replies
A few days in late payment equals a $25k fine?
Sam Dangremond Partnership tax basis and long term investing
30 June 2020 | 7 replies
Reason why:Each partner's basis is equal to 50% of the cash in the bank account + cost basis of the rental (since there is no debt).
Rob Dorney Last And Security Deposit
15 June 2020 | 2 replies
Her security deposit and last mo nth equals 2600.
Don Pham Novice investor looking for a plan
18 June 2020 | 5 replies
Please note that per the multiple loan rules, the amount of the loan must be reduced by the highest outstanding balance of any other 401k participant loan over the prior 12 months (regardless of whether such other loan is currently outstanding).Monthly or Quarterly Payments: The loan must be paid back in equal monthly or quarterly payments of principal and interest.Interest Rate: The interest rate is equal to prime plus 1% (or CD rate plus 2%) and is a fixed rate that is set at the time that the loan is taken.Term of the Loan: Five-year term unless the proceeds of the loan are used to purchase a primary residence in which case the term of the loan may be up to 30 years.First Payment:For monthly payments, the first payment that would otherwise be due is delayed until January 2021 (e.g. if the first monthly payment would have been due on May 15, 2020, it will be due on January 15, 2021).For quarterly payments, the first payment that would otherwise be due is delayed until the first quarter of 2021 (e.g. if the first quarterly payment would have been due on May 15, 2020, it will be due on February 15, 2021).EXISTING 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.If you meet the above conditions:You may delay making any 401k loan payments due between 3/27/2020 and 12/31/2020.You must commence making loan payments in January 2021 (or the first quarter of 2021 if your loan payments are due on a quarterly basis).If you elect to delay making such loan payments, the term of your loan will be appropriately extended.
Jim Fang solo 401k exceed 250k
18 June 2020 | 13 replies
@Jim FangHere are the general considerations regarding 401k loans.401k Participant LoansIf your 401k plan allows for 401k participant loans, the maximum loan amount is equal to 50% of the balance up to $50k.
Rochelle Duong Tips for structuring deals when leveraging OOS partnerships?
22 June 2020 | 3 replies
Under this arrangement you and your partner would otherwise be equally responsible for 50 percent of all other costs.        
Keenan Fitzpatrick Advice on finding the right real estate partner
17 June 2020 | 1 reply
He wants deal flow, someone who knows how to structure creative financing (that's very hard to find in our market but I know how and, equally important, I know how to get them closed), and an equal monetary contribution. 
Bridget Ariel How Would You Structure this Commercial Deal?
17 June 2020 | 4 replies
My family does not include my boyfriend...my family's rules and not mine....each member of my family of five would be partners in the corp so that when my grandma passes, the investment is distributed equally among the five family members including my unborn child...my boyfriend is the father.