If you can give them more than they owe on the property then they will have some cash left from the deal to help them with any other outstanding debts.

I prefer a HELOC as you only pay interest on the amount outstanding and the closing costs are much cheaper than a Re-fi.  

However I got all the IRS books and read them and I'll be damned it is true, Internal Revenue TITLE 26, Subtitle A, CHAPTER 1, Subchapter J, PART I, Subpart A, Sec 643 (a)(3),(4),(7) and (b) states: “(3) Capital gains and losses.

mod=real-estate-personal-finance Damn man.

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).Solo 401k vs.

Here is the way it is currently set up:Partner 1 - $100KPartner 2 - $100KPartner 3 - $100KPartner 4 - $100KPartner 5 - $100K*However, the managing company/partner of the fund will own 20% to compensate for the ongoing management of the LLC and the property.I have seen waterfall models where there is a "return on capital" and "return of capital" where the investor is paid a preferred return on their current outstanding amount of capital that has not yet been returned.

John,If your debt-to-income ratio prevents you from securing financing, you'll have no choice but to reduce your outstanding debt.

Obviously applying for new cards with a new entry promo and pay down the first; however, banks are tightening lending and they don't like to see high balances of outstanding debt.

If you go to the county website https://polk.payfltaxes.com/lookup/property-tax you can plug in the parcel id and see which bills are still outstanding.

You are a 5% owner if you own (or are considered to own) more than 5% of your employer's outstanding stock, or capital or profits interest.Assuming you aren't a 5% owner of the investment shop you work at, I don't believe you would qualify based on the information provided.