Patrick Torres
To Use or Not Use My LLC?
19 May 2020 | 2 replies
My lender has told me the mortgage must be in my name, but it is common for people to deed the property afterwards into their llc (I know this could trigger the due on sale clause, let’s assume that’s not an issue).
Ari Newman
Creating a new business to “hang” a Solo 401K on
21 May 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.
Joseph Gisler
Do short term renters count towards cohabiting limits?
19 May 2020 | 2 replies
For example, if I were to buy a five bedroom house, live in one room, rent out three to tenants, and have sufficient parking, could I still use the fifth room for Airbnb and be in compliance with the law?
Mike Cordova
Paralysis by analysis...🤔
24 May 2020 | 22 replies
@Mike Cordova pick a market, pick a property, and pull the trigger.
Ryan Dodson
Looking for my first rental income property, should I wait?
25 May 2020 | 4 replies
Hi, So I'm a general contractor in southern California and would like to start investing in rentals, I'm wondering if I should wait and see what this economy does or pull the trigger on a rental in the sub 200k range.
Adam Good
Rent-to-own legally, is it possible?
22 May 2020 | 4 replies
My understanding is that I can't safely do the typical seller finance option, because I owe money on the home and selling would/could trigger the Due-on-Sale clause.
Colin Roberts
Understanding Subject to/Attorneys near Levittown, PA
27 May 2020 | 6 replies
When I did a lot of work for banks, the Fannie/Freddie guidelines required the bank to foreclose when a due-on-sale clause got triggered.
Yogev Finegoz
First rental property
23 June 2020 | 7 replies
@Yogev Finegoz have you pulled the trigger?
Emil Pinlac
An Investment Property to Start RE Journey?
11 June 2020 | 12 replies
I'm still a few years away from pulling the trigger on a property, but. .. ahh, to take on that much risk on a large sum of money is daunting.
Steve Chan
Why keep money in your 401K?
3 June 2020 | 60 replies
We do have an administrator who files the annual compliance paperwork and is our "go to" for questions.