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11 June 2019 | 9 replies
Only thing that sucks would be the need to forego my business deductions in order to qualify for another loan ( I am self-employed and currently have 2018 taxes on an extension until Oct.)+ INCREASE RENT: I am not sure if this would be doable since I am already renting hire than comps next door.
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13 June 2019 | 34 replies
Some only require a few i-beams installed, and some require extensive work.
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21 June 2019 | 28 replies
This is especially true if adjacent properties are boarded up or also require extensive work.* The repairs are NOT financed, so require more funds out of your pocket, which again cripples your precious investment capital.
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15 June 2019 | 10 replies
The good news is that some relief was provided last year to effectively provide a "payment holiday" to employees who separate from service (i.e. quit or terminated) with an outstanding 401k loan: Per the loan offset rules that went into effect with the 2018 Tax and Job Act: if you leave your job and the loan is current at the time you leave your job but then the loan goes into default because you left your job, you will have until your tax return deadline (including any timely filed extension) to make the loan current by depositing the outstanding balance into an IRA (and thereby avoid the taxes and penalties that would otherwise apply).
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11 June 2019 | 3 replies
Hey @Jeff Meszaros In regards to creating a FB and insta page it depends on how you wish to conduct business, sometimes the personal approach is warmer and more appealing as people like to deal with other people, I believe you can build trust easier this way.
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16 June 2019 | 9 replies
Additionally, there is a FHA loan product called the FHA 203K that will allow you to finance some improvements into the mortgage and the improvements are conducted after you settle on the purchase.
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13 June 2019 | 4 replies
If I were you I’d conduct an end o the month net worth calculation each and every month.
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28 June 2019 | 7 replies
Together we want to primarily conduct RE through buy and hold rentals (and maybee a few BRRRs), and I am personally interested in notes.We live in Loudoun County, VA. we will be looking into investment property soon.I would like to say thank you to all the BP members that give so freely of their time and expertise in helping those of us that starting our investing careers.
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18 June 2019 | 4 replies
This frees you up from taking resident phone calls, coordinating maintenance, leasing vacancies, accounting P&L's, conducting inspections and making property payments to focus on higher leverage activities.
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19 June 2019 | 18 replies
Remember: Moving is stressful, costly, and a complete pain.Q: Will there be a new lease extension to sign?