Kraig Krueger
Set up an ACH from an LLC account without risking a loan call?
18 April 2020 | 4 replies
It doesn’t mean that all lender will be the same, but as long as they get their money I don’t see it triggering a review.
Steven Gesis
7 Story Multi-Family Value-Add - Tower Apartment Reposition
22 April 2020 | 1 reply
Towers come with own set of rules and regulations for fire, compliance, central mechanical, elevators, roofs, accessory rooms/office, and model units- this has been amazing experience working on building new efficiencies, implementing CAPEX with large NOI drivers - VeryExciting to have walked the gauntlet on the tower apartment versus garden-style - Truly expanded knowledge and experience.
Steven Gesis
7 Story Multi-Family Value-Add - Tower Apartment Reposition
15 April 2020 | 3 replies
Towers come with own set of rules and regulations for fire, compliance, central mechanical, elevators, roofs, accessory rooms/office, and model units- this has been an amazing experience working on building new efficiencies, implementing CAPEX with large NOI drivers - VeryExciting to have walked the gauntlet on the tower apartment versus garden-style - Truly expanded knowledge and experience.
Evan Bonnell
Cashing out 401k due to COVID-19 $100,000 PENALTY FREE
27 December 2020 | 32 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.
Pete Storseth
Buying nonperforming note
22 April 2020 | 39 replies
If you are an investor and not Owner occupying then you don't need to have an RMLO to be in compliance with Dodd-Frank and such.OR: if you truly believe the borrower will deed the property to you, then get the deed subject to the original loan terms.
Ian Martinez
Building a “Duplex” / SFH with MIL
17 April 2020 | 4 replies
Your mother in law needs to be zoned properly and meet all code compliance for buildings with mother in laws (this may or may not be different than the zoning and codes for a SFH).
Stephen Colaco
New Investor: Fear of starting
20 April 2020 | 9 replies
Set your criteria then when a property meets your criteria, pull the trigger!
William Coet
Market Frozen Because of Property Tax
20 April 2020 | 1 reply
Most of the rentals have been owned for a long time and sales based on current income will trigger ridiculous property tax hikes.
Cindy OBrien
Will Coastal Properties Hold Their Value?
16 May 2020 | 11 replies
I have not pulled the trigger yet on an OOS investment, but have been trying hard during this pandemic to find deals and stay ready, hoarding cash.
Nathan Nance
After 8 years of looking for an investment property.......
5 June 2020 | 17 replies
I have been around real estate for over 10 years and have not pulled the trigger and finally the trigger has been pulled.