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4 August 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).
3 August 2020 | 0 replies
New 3 member LLC 750 ,650 ,600 credit score 200k cash in LLC account+ i am currently a fulltime realtor .looking to get preapproved under the LLC .lenders i have my eyes on ....1.lending home2.capitalf funding financial3 .lima 1 capital what have you guys used and what were the REQUIREMENTS AND TERMS?
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8 August 2020 | 3 replies
You also want to be selective on the investments you put in your self-directed IRA or self-directed 401k.
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5 August 2020 | 4 replies
Ultimately, you're goal should be to get as many quality applicants to choose from so you can select the best tenant for your property, even if it costs you a few bucks.
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5 August 2020 | 7 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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4 August 2020 | 1 reply
It is a super competitive market and you still need to be smart and selective about how you buy.
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6 August 2020 | 15 replies
The "owner" feels much more entitled than a new tenant you select.
25 November 2020 | 2 replies
If you are selecting for a pure rental, I like proximity and connectivity of Leander giving it my vote from the 3 you selected.
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5 August 2020 | 2 replies
If I was required to offer these options, people who selected them would be put at the bottom of the pile.
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7 August 2020 | 1 reply
My wife charges flipper clients $3500 for full floor plan and layout, as well as finish selection, paint colors, etc.