Stephen Lyons
Different Types of Housing Pros/cons
3 September 2020 | 2 replies
Single family homes are BARELY reaching the 2% (1%) rule so its very hard to find a good deal.
Richard Forbes
Finding and funding my first deal
31 August 2020 | 3 replies
@Richard ForbesHere are the general considerations regarding 401k loans.401k Participant LoansIf your 401k plan allows for 401k participant loans, the maximum loan amount is equal to 50% of the balance up to $50k.
Nathan Kurzmann
CARES ACT to invest in real estate from 401k?
2 September 2020 | 7 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that the account into which the funds are deposited must be the same type of account from which the funds were first withdrawn (e.g. withdrawal of pre-tax funds from a 401k could be deposited in a pre-tax IRA but not a Roth IRA - "like to like").Loans:Payments on a 401k loan taken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.
Mark Bowerman
New to this environment
9 September 2020 | 5 replies
Make sure you connect with other NH investors, watch the BP podcast and participate in the forums @Mark Bowerman!
Mateo Duba
First Lead Learning Experience
30 August 2020 | 1 reply
I’m talking floors, walls, ac, kitchen, bathrooms, and adding fixtures to the ceiling because the house has barely any lighting, except for standing lamps but no ceiling fans.
Imelda Mendoza
Wanting to connect with investors in DALLAS, TX
30 August 2020 | 1 reply
I’m just starting but I humbling like to participate to this discussion
Reagan Huefner
$300 Pure Cash Flow & Inf. Returns with a $35k House!
2 September 2020 | 13 replies
I would do 8-9% bare minimum as that's at least 1 month a year.
Johnny McKeon
Seller financing on 6 unit apartment in PHX East Valley
6 June 2021 | 38 replies
Lots of population growth and job growth in the Phoenix MSAat the moment I'm self managing 18 apartment units that i bought through foreclosure then BRRRR'ing then house hacking & seller financing however, i believe I'm close to a point where i need to find a competent PM so i can focus on finding larger apartment buildings & partnering with others so we all can level up & participate in the upside in equity, cash-flow & other benefits of owning MF.
Shane Willis
Escambia County helps renters
1 September 2020 | 0 replies
Those affected by the COVID-19 pandemic can now apply for financial assistance from Escambia County.The City of Pensacola and Escambia County are participating in the Coronavirus Relief Funds made available by Florida Housing Finance Corporation.The county says approximately $813,451 will me made available Tuesday Sept. 1 to help eligible applicants with rent, mortgage and/or utility assistance.The expenses must occur between March 1 through December 30.
Roy Marks
Asking for a friend - Joint Venture (JV) LLC deal
3 September 2020 | 5 replies
Does the 90/10 split sound fair, or is N's participation closer to 3% (25k/900k)?