Devon Rollison
19 Year Old With Question About Refinancing
21 May 2020 | 9 replies
They care about one thing, you repaying the loan.Let's be clear about something, 250-400% ROI in 6-12 months is in no way, shape, or form "super conservative."
Simrun Mirchandani
Should I take Forbearance to pay down student debt?
22 May 2020 | 9 replies
What I read in that article is that a borrower ”will be allowed to get a new mortgage three months after their forbearance ends and they have made three consecutive payments under their repayment plan, payment deferral option or loan modification.”Just because a borrower is “allowed” to get a mortgage, doesn’t mean all the lenders will want to lend to them.
John Garner
Private Equity Recapitalization
22 May 2020 | 4 replies
So on the K1 you saw initial capital, then repayment of $20k so remaining capital account $80k.
Susan Kim
NEED MORE EQUITY INVESTORS
3 June 2020 | 12 replies
Also, working on total setup prior to deals is the goal, sometimes some deals creep unexpectedly, in unique form.
John Stanley
reinvesting cash flow to reduce taxable income
27 May 2020 | 2 replies
Mortgage rates are very low here, around 1.5%, so I have somewhat of a unique situation where there isn't much loan interest to deduct from my taxes and of course rental income is fully taxable, making my taxable income significantly higher than cash flow.
Sean Harris
Is this a good location or will I be struggling
26 May 2020 | 10 replies
Opinions on here aren't worth $.02, because each market is so unique.
Steve Chan
Why keep money in your 401K?
3 June 2020 | 60 replies
@Jorge Lopez I think taking a loan from your 401(k) and repaying yourself the principle and interest is one of the biggest advantages of the 401(k), if you deploy that money into a vehicle that earns a higher rate of return than what your 401(k) is generating.
Adam Tahir
24yrs old with $750k to invest
1 June 2020 | 22 replies
By saving $600 per month not paying high interest makes NACA unique.
Douglas Curtiss
Land obtained by tax deed has mobile home on it
25 May 2020 | 4 replies
Since I obtained this through a tax lien foreclosure, it makes the situation a little unique.
Cody Godfrey
Raising cash needed to close a deal
1 June 2020 | 10 replies
The repayment terms for a 401k participant loan are equal monthly/quarterly payments of principal and interest (typically prime plus 1%) over a 5 year term (longer if used to acquire your principal residence).Please note that if you take a full $50,000 and then pay back the loan, you can't take another $50,000 until 12 months after the first loan was fully paid back.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).Please keep in mind the multiple loan rules:Under those rules, the sum of the balances of a participant's outstanding 401k loans under a single 401k plan (using the highest outstanding balance of each loan over the last 12 months) can't exceed 50% or $50,000 whichever is less.