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2 February 2020 | 6 replies
My question is how does this factor into the evaluation process conducted by a lender prior to issuance of a conventional mortgage that is strictly an investment property?
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2 February 2020 | 4 replies
The defendants filed for an extension to the move out date, which the judge denied.
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14 February 2020 | 19 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.
1 February 2020 | 0 replies
The smaller house required extensive renovation, which is now complete.
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12 February 2020 | 48 replies
The only way to prevent that is to really screen your tenant to ensure they've been problem-free with previous Landlords while owning the cat and by conducting regular inspections to verify the tenant is cleaning the litter box regularly and preventing any odors.
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5 February 2020 | 8 replies
In the other, the Debtor has an attorney, requested an extension, and we'll see if she files her docs.Just seems like severely delinquent borrowers are more bold and taking more aggressive actions to stop sales.
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1 February 2020 | 0 replies
Extensive research indicates that most agents make 45k-73k with experience.
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5 February 2020 | 27 replies
Good Morning everyone,Currently I’m stuck and unable to start BRRRR and here is why:I have everything in place, I saved the capitol, I have a real estate agent, I have a contractor, I have a hard money lender, I studied the market and area extensively (Connecticut state), the entire state, I have everything planned to the most minute detail whereas I even know which toilets, light fixtures, door knobs etc.., I will be purchasing and from where and at what price.
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3 February 2020 | 1 reply
At the end of the day, I’d like some say as to whether or not the construction project is being conducted properly so I’m leaning towards a construction manager.
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18 February 2020 | 9 replies
If you were a mentoring client of mine I would wonder how you came up with that number based on the extensive items you listed as issues.