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11 September 2020 | 9 replies
You may wish to confirm that the new 401k provider will handle the ongoing compliance support such as any required 5500 filing (e.g. 5500-EZ for a one-participant plan with assets in excess of $250,000), any required tax reporting (e.g. 1099-r in the event of a distribution or in-plan Roth conversion), mandatory plan updates and amendments, etc.4.
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10 September 2020 | 2 replies
I know you are probably freaking out right now especially since we have covid and everything else going on, but rest assured, they should be able to cover everything.
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16 September 2020 | 18 replies
I left after one night and stayed in a hotel because it was uncomfortable and I felt that the host was completely disregarding the privacy of her neighbors, if not her local zoning ordinances.Your neighbors have three primary fears: 1) A fear of a compromise in their privacy and quiet enjoyment of their own homes, 2) A fear of a decline in the values of their own homes because you let yours start looking like a trailer house, and 3) Ted Bundy being a guest one night.Probably the best thing you can do is to go and actually meet the neighbors, shake their hands, assure them that you are going to keep the property top notch at all times, you are going to carefully and meticulously screen your guests out of respect for your neighbors, and, most of all, FOLLOW THROUGH and be a good neighbor.
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11 September 2020 | 1 reply
This could get more expensive than a seller is ready for, but assure them that it's the best move to make to ensure their home is sold.
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11 September 2020 | 1 reply
This could get more expensive than a seller is ready for, but assure them that it's the best move to make to ensure their home is sold.
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14 September 2020 | 1 reply
This could get more expensive than a seller is ready for, but assure them that it's the best move to make to ensure their home is sold.
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12 September 2020 | 9 replies
You can call the HOA like @Ian Olmsted mentioned but again a verbal assurance from someone answering the phone is not an adequate protection for your investment - always have it in writing before you proceed.Just a side note on purchasing HOA properties for investment purposes.. it can be the only way some people get a start in investing and if it is then certainly I would say go for it but it is definitely not advisable to buy an HOA if you can help it at all.
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12 September 2020 | 6 replies
The sellers, and both agents are convinced that this is a non-issue; but I need a little more assurance.
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16 September 2020 | 4 replies
Be conservative with your estimates, and be as sure as you can be with your numbers (purchase price, rehab costs, holding costs, project timeline, ARV, etc).
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16 September 2020 | 6 replies
You may wish to confirm that the new 401k provider will handle the ongoing compliance support such as any required 5500 filing (e.g. 5500-EZ for a one-participant plan with assets in excess of $250,000), any required tax reporting (e.g. 1099-r in the event of a distribution or in-plan Roth conversion), mandatory plan updates and amendments, etc.4.