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Results (10,000+)
Curt Bixel Cash flow and loan to value ratio
18 May 2020 | 3 replies
It would take 20+ years of negative cash flow to equal cash already out the door.There is a sweet spot but numbers are not the only thing, you need to weigh the risk and many other factors such as property location potential for appreciation, property condition...A property in Pittsburgh area with 20% down and 100/month cash flow is not a good deal but if that was in DC you would be celebrating by doing backflips.So lots to ponder but key is never over leverage
Account Closed Cares Act withdraw 100K
13 July 2020 | 7 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.
C Kolli Sale of rental property
20 May 2020 | 2 replies
I hope to sell at about $375000 minus Realtor commission of 5% which is $356250 plus Depreciation Recapture of $44000 equals $400250, net loss of $30750.My CPA says instead of selling this year if i rent it another year and make it 5 years the Depreciation amount need not be added as it reaches breakeven point for add back hence a net loss of $431000- $356250= $74750 provided i sell it at same price next year.To explain above this is the email reply my CPA sent today which i can't understand correctly:(Recapture is built into what is on your beginning figures on the worksheet off the 2016 tax return.
Yinglu Wang How should I choose out of state rental investment?
24 May 2020 | 24 replies
All other things being equal, a city where you can travel once in awhile (perhaps as a tax deductible business expense) to keep an eye on the place is nice.2.
Elson Lai Tenant hasn't paid rent since Feb
18 May 2020 | 5 replies
If they are VERY professional, they will have their processes in writing as verification that it is enforced equally and fairly by their entire staff.6.
Eugene Cheng DSTs brokers and due diligence
18 May 2020 | 6 replies
@Eugene Cheng, Plan on spending equal due diligence on the broker and offering! 
Albert Gutierrez What does everyone think of the current market?
28 March 2021 | 32 replies
Also, low rates help borrowers afford more home or homeowners refi to lower rates equaling to more cash in their pockets. 
Darrien James New memberin Atlanta
19 May 2020 | 5 replies
This is vital because it will help keep you on track in a world filled with options and shiny objects. 
Sameer A. Where to invest $500K over the course of 2020
29 May 2020 | 25 replies
In real estate k = cap rate + appreciation Generally speaking, most US real estate has a K that equals 9% (as investors we try to beat this 9% but that’s the risk and liquidity premium for US real estate.)When you go into markets with 7-8% cap rates then your appreciation is roughly 1-2%.
Jason Barnes Just curious about apartment complex loans
20 May 2020 | 4 replies
@Jason Barnes the requirements are very strict at the moment: net worth equal to loan amount, 25% down, 12-18 months reserves and PM experience.