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29 September 2020 | 3 replies
You get monthly cashflow while you test drive the properties.
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29 September 2020 | 4 replies
Anyone who would do that would meet my "too stupid to tenant" test.
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30 September 2020 | 2 replies
Please be sure to select a Solo 401k plan provider which allows you to take a loan and will prepare the required 401k loan documents.The repayment terms are equal monthly/quarterly payments (as you prefer) of principal and interest (e.g. prime + 1%) spread over a 5 year term (or longer if you will use the loan to purchase your primary residence).There are no prepayment penalties and no restrictions on what you can do with the proceeds of the 401k loan.Please note that you are obligated to pay back their 401k (regardless of the performance of your real estate investment).As an alternative to taking the loan, you could even purchase the investment property directly using funds in your Solo 401k (assuming you select a Solo 401k plan provider which allows you to invest in real estate).
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30 September 2020 | 8 replies
I used Exam Smart to study before my test also.Hope that helps.
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30 September 2020 | 5 replies
BP is full of syndicators of all experience levels from very to doing their first ones.my only comment is when you go the route of syndication you are now working in the world of HIGHLY regulated government agencies so you need to be on top of your game and prepared for it.
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25 October 2020 | 9 replies
I want to say it only took 5 business days, but to be fair, we also didn't have all our bank statements and paystubs prepared, so make sure you have that information ahead of time.
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7 October 2021 | 4 replies
@Dylan Cronkhite Congrats on passing the test!
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30 September 2020 | 2 replies
We have done this with pre-foreclosures, where we reinstated the loans by paying the default amount.Make sure you run title and have an attorney and/or the title company prepare the right paperwork to protect you though.
6 October 2020 | 2 replies
But test it out first before subscribing to any paid version.
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16 October 2020 | 4 replies
I would also recommend looking for someone who is willing to work with you throughout the year, not just when they are preparing your tax return.