20 February 2017 | 4 replies
Two points: You need to talk to your company HR person and it matters if you want to do this legally or not.Most companies allow you to withdraw some % (50ish) out as a loan but you have to pay that back.You could claim "hardship" and withdraw it all with a 10% (I think) penality.You can withdraw it all, and if you are leaving the country, ignore the tax bill.. you will just have trouble coming back. ( like if your kids want to go to college here)Or you can just leave it and have it sit as an investment for the next 19.5 years and then pull it out.
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26 February 2017 | 6 replies
Perhaps it would make sense for me to buy the entire lot and here's my thinking why;1-I could buy now and sit on it for about 3 years until I'm ready to make the move out there.
20 February 2017 | 1 reply
Jaylan,My first bit of advice: Sit down with the most experienced broker in your office (often the oldest).
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25 April 2017 | 29 replies
I'm sure it won't sit on the market for long :)
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5 March 2021 | 37 replies
I'd highly suggest working on Real Estate as a side hustle until you're losing money sitting in "jail".
22 February 2017 | 1 reply
Guess it's more of a vent but is it time so sit on the sideline for a while and see if the market corrects?
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10 May 2017 | 15 replies
Since the appraisal was low, the mortgage couldn't be for the amount we'd hoped, but. . .that meant a lower mortgage payment which freed up additional cashflow to cover our HELOC payment.Our plan, if needed, is to use the personal line of credit (now sitting at $0) to zero out the HELOC and then turn around to use the HELOC as our verified funds if we need another down payment for a residential mortgage.Final Advice: Just make sure you have a contingency plan.
23 February 2017 | 6 replies
Next week I plan to go see a Multi-Unit in that area with my agent and the following week I plan to sit down with a Mortgage Loan Officer and see exactly how much money I need for the deal.If you would be interested in attending either the visit with the real estate agent or the sit down with the mortgage loan officer, let me know.
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23 February 2017 | 3 replies
If it were, just like you said, the property wouldn't be sitting for 100 days and if it made so much money as reflected by a cap rate, the seller wouldn't be selling it or the price would go up to the point that well... the cap rate wouldn't be "no brainer" high