Jonn Vidal
Even $100 limit credit card reported monthly, but not $5,000 apt?
5 April 2022 | 3 replies
The judgement I file for an outstanding balance after eviction shows up on their credit report.If a current or previous tenant is pursuing a loan for an auto or home purchase, my prop manager will provide rent payment history in support of underwriting that loan.
Christopher Figueroa
Investment Mortgage - Irvington, New Jersey (Essex)
22 December 2019 | 9 replies
Unfortunately, the seller had multiple outstanding fines/penalties that he failed to pay for many months and refused to do so to complete the closing.
Fan Bi
Tenant Expectations for a C-Class Neighborhood
31 July 2018 | 9 replies
I have NEVER had an outstanding rent payment proceed beyond the 15th of the month unless there was a defined date that a balance would be reconciled for non habitually late tenants.
Chandra Whittaker
Just approved on HELOC & my husband wont sign in Texas. Help
20 December 2018 | 95 replies
Now I never said my way or the highway, but I made it clear that it was affecting our marriage.
Isaac Fischer
Borrowing Against Retirment
9 January 2020 | 1 reply
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).Alternative: Rollover Funds to A Solo 401kIf you are self-employed (i.e. active self-employment earned income separate from your w-2 income) with no full-time w-2 employees, you can set up a Solo 401k and then rollover your 401k funds once you leave your current job [NOTE: You generally can't rollover funds that you saved to your current employer plan until you quit.].You could then take a loan of up to 50% of the balance not to exceed $50,000.
Kevin White
Fannie Mae - multiple financed properties
30 October 2020 | 5 replies
The other financed properties reserves amount must be determined by applying a specific percentage to the aggregate of the outstanding unpaid principal balance (UPB) for mortgages and HELOCs on these other financed properties.
Art P.
Mortgage Interest deduction tax treatment on mixed use assets
14 August 2019 | 6 replies
When you refinance a rental property for more than the previous outstanding balance, the portion of the interest allocable to loan proceeds not related to rental use generally can’t be deducted as a rental expense."
Jen Carlile
Tiny home village / RV Park
1 October 2023 | 7 replies
There are a couple routes one could go here — 1) find a Highway Commercial zoned property, which definitely allows for the development of RV parks, or 2) find something like a rural, recreation, or forest zoned property which allows for the development of campgrounds or potentially mobile home parks.
Steve Smithy
How to block new development?
9 March 2012 | 14 replies
This road is actually a state highway, and its three lanes just to the north of use for some number of miles.
Michael Knaus
Sheriff Sale Judgment Question for Seasoned Investor
23 February 2018 | 10 replies
whatever you paid for it at the the sheriff sale is what you owe. now the previous owner will pay more as there were more costs from when the sale took place until you (the new oner confirmed it).bottom line, you only owe what it sold for at auction. if there are surviving liens (like a mechanic's lien or any outstanding water bill), then you would most likely owe that.