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1 May 2020 | 6 replies
That is Why your interest portion decreases slightly each month....due to the amount of principal you paid the prior month.
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1 December 2021 | 19 replies
Now, depending on what types of deals I’m considering, I may also examine vacancy rates and average rental amounts specific to the type of units I might be acquiring.I have to respectfully disagree with a prior comment that Zillow is a healthy tool to use when performing market analysis based on the inconsistencies with regards to the accuracy of the data on Zillow.
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12 May 2020 | 10 replies
My suggestion is prior to closing, you resolve this issue.
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1 May 2020 | 2 replies
I am still currently employed working from home however, prior to Covid 19, I was currently in the market of switching jobs.
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1 May 2020 | 4 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.
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5 May 2020 | 5 replies
Any lender required repairs/items will have to be done prior to closing.
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8 May 2020 | 29 replies
I had only bought the property a few months prior and there was little furniture.
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2 May 2020 | 2 replies
It was the price they wanted, $550,000, and the slow closing timeline we wanted, to get the lot confirmation plan approved by the city prior to closing.The plan was for RareBird to buy the property with cash first and then RareBird would sell me the duplex at a discount once the lots were confirmed.
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2 May 2020 | 6 replies
And the notary could pre-fill out the notary certificates prior to the appointment with everything except their signature and stamp, provided they had enough time to do so prior to the appointment.
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1 May 2020 | 1 reply
I have prior experience working in NYC for a couple of years, so I am not new to the business.