Ellie Perlman
IMO How to Vet a Multifamily Real Estate Deal, 2020 Style
12 August 2020 | 1 reply
The best way to vet a potential sponsor is to ask several key questions that will provide you with a good insight into their approach and help you determine if he or she is a good fit for you.First, ask the potential sponsor about their own unique investment philosophy.
Ryan Rogers
Unique Buying Opportunity!!
10 August 2020 | 0 replies
Hello BP Family,
I have stumbled on a property just 30 minutes south of Seattle, WA and I would love to hear your opinions on this.
I know someone who owns this property outright and the home is completely vacant. T...
Matt Klee
1031 exchange to new rental, DST, TIC or cash out?
13 November 2020 | 6 replies
Your federal tax would probably be $26K and add another 10-20K for state depending on where you live.So the choices would be to stay in real estate and invest as you mentioned but get to use the $35K of tax for your benefit - or to cash out and pay that $35K to the govt and make a return that would repay that $35K plus a better return than you can get with real estate and keeping the $35K.The power of the 1031 is the compounding effect over time.
Lloyd Segal
Economic Update (August 17-21, 2020)
17 August 2020 | 0 replies
Taix’s French cooking, unique service, and affordable prices makes it a Los Angeles institution.
Robert Myjak
What is the added value of a roof top deck
18 August 2020 | 18 replies
ADU appraisals are unique.
John James
Hiring a Virtual Assistant for social media?
19 September 2020 | 11 replies
It'll be your unique voice and message, which is the thing I've struggled with most in the past when hiring VAs to generate content.
Adam Aschoff
Should I take out 401k to use in real estate?
25 August 2020 | 8 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that the account into which the funds are deposited must be the same type of account from which the funds were first withdrawn (e.g. withdrawal of pre-tax funds from a 401k could be deposited in a pre-tax IRA but not a Roth IRA - "like to like").Loans:Payments on a 401k loan taken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.
Kimberly Kesterke
Landlords with 9-5s?
18 August 2020 | 2 replies
Whether you are making great profits and choose to keep your 9-5 or working towards an early retirement, I think we as W2 Investors have a unique experience and story.
Account Closed
Delinquent FHA Mortgages Soar By Record 60% To All Time High
17 August 2020 | 5 replies
. ;-)"Good mortgage underwriting" is extending loans ONLY to people who "have the ability" AND the "willingness" to repay.
Jack Goff
Utah Unique Situation please help me understand
21 August 2020 | 6 replies
okay I'm renting a house in Utah, and my contract ends at the end of August. up until August 6, I had been told by the landlord I could renew my contract for another year, which I planned to do.
but then on Augu...