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4 January 2021 | 13 replies
I would not lease machines for a small building as the companies that do this tend to not be the most reputable.
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1 July 2020 | 6 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that the account into which the funds are deposited must be the same type of account from which the funds were first withdrawn (e.g. withdrawal of pre-tax funds from a 401k could be deposited in a pre-tax IRA but not a Roth IRA - "like to like").Loans:Payments on a 401k loan taken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.
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25 July 2020 | 6 replies
Hello, does anyone have a reputable home inspector recommendation for the Chicago-area?
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1 July 2020 | 6 replies
Do not rush into the renovation, by taking the first week or week and half to really stress test your assumptions it will give you the opportunity to make changes to your plan without costly consequences.
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3 July 2020 | 9 replies
Most investors don't have the know-how to do a good job of leasing their property, and there is no reason for them not to work with a reputable professional that leases properties on a daily basis and has a tried-and-true (and most importantly, consistent) method of screening applicants and flowing from the marketing process into showings, screening, and leasing.I think that leasing is one of the most important parts of the process that can and should be outsourced by investors who can otherwise self-manage.
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30 June 2020 | 1 reply
An business acquaintance is suffering through this right now and the consequences of the decision are going to be significant.
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1 July 2020 | 0 replies
Does anyone know of reputable contractors in the Charleston SC area?
7 July 2020 | 15 replies
Good GP always look after their investors because their reputation and future business depend on the successful execution of their business plan and the profit or cash flow that they can bring for their investors.
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23 April 2021 | 28 replies
Those who cheat and cause economic collapse on purpose should face the consequences.
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10 July 2020 | 9 replies
We learned a lot about having the proper contracts in place, and having specific language and consequences for not performing parts of the contract.