Kelly John Walsh
Investing in BRRRR Deals Passively
22 June 2020 | 2 replies
I'm not trying to be discouraging, or troll-like...just want to provide some insight that may be helpful that can you can use to tighten up your ask and find more willing participants.
Arthur Wong
Collections agency or bite the bullet?
21 June 2020 | 8 replies
Make sure you send a copy to the IRS and to their state tax department (if the state you are in doesn't participate in the Combined Federal/State Filing Program).
Tracy Belizaire
Any New York investors out ther
21 June 2020 | 2 replies
I have one project in New Jersey, but I barely recommend that at the moment.
James Strawser
FL tenant abandonment statues
22 June 2020 | 13 replies
I ended up calling EMS to have him taken as he was barely conscious on tue floor.
Kristopher Kyzar
Buying Turnkey Rentals with Solo 401 (k)
1 February 2021 | 13 replies
My investments (bare land, flips, rentals etc) are managed under my personal LLC and I'm hoping I can navigate a qualification strategy to facilitate setting up a Solo K.
Daniel Huffman
Best entities to form for Texas Partnerships?
3 July 2020 | 6 replies
Assuming Texas participants (you and your "partner") and a Texas property:An LLC tends to be the simplest and easiest when it comes to care and feeding.
Nicholas J Robichaud
Thinking About Buying a Mobile Home for a Rental
25 June 2020 | 5 replies
I think sub consciously I knew it was a bare deal.
Moises R Cosme
Daily Grind 6/21/2020
21 June 2020 | 0 replies
In general: (1) I think we will need to hire a foundation company to seal the foundation, (2) I think we need to clean the place out & that will take a minimum of 4 dumpsters, (3) the flooring needs to be replaced throughout the house, we need a good flooring guy to go in and get that done, (4) the heating system needs to be replaced, (5) the radiators throughout the house need to be replaced, (6) the kitchen needs to be re done (new cabinets, new counters), (7) the bathroom needs to be re done, (8) walls throughout the property need to be finished, there is bare sheet rock everywhere, (9) trim needs to be added everywhere, (10) staircase rails need to be added, (11) the entryway needs to be completed, (12) front door needs to be replaced, (13) electric needs to be upgraded.
Chris Bell
Purchasing My Grandmothers Home
24 June 2020 | 29 replies
Please note that the account into which the funds are deposited must be the same type of account from which the funds were first withdrawn (e.g. withdrawal of pre-tax funds from a 401k could be deposited in a pre-tax IRA but not a Roth IRA - "like to like").Loans:Payments on a 401k loan taken under the CARES Act must be paid back starting in 2021 over a 5 year term.Here are the details regarding the loans:NEW 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.On or before September 23, 2020, such individuals take a 401k participant loan subject to the following terms:Maximum Amount of the Loan: 100% of their 401k balance not to exceed $100,000.
Vidit Maini
EIDL Loan forgiveness
29 December 2020 | 12 replies
At the bare min, i will be paying 11months of interest.I am hoping they offer some forgiveness options for the EIDL loan.