Chad Bourque
1st STR Under Contract -- Direction Please?
8 May 2023 | 30 replies
A couple of nationwide banks, local credit unions, a nationwide mortgage company and one portfolio lender.Each and every one of them said they wouldn't allow the transfer without triggering the due on sale clause.
David Maldonado
Investing in Fresno area
21 October 2019 | 6 replies
Fresno is better than many other cities in CA but nationwide still lags a bit, it depends on which class of property you want I suggest looking at Clovis as well as Fresno itself.
Thomas Bidwell
Buying turn key or fixer upper?
18 January 2022 | 6 replies
@Thomas Bidwell In my experience, if you're more than a couple hours away, you might as well open your search up nationwide because you aren't going to head out to a property a few hours away if some maintenance issue occurs.
Mike Jones
EIN# for Property LLC under a Holding LLC
2 May 2022 | 34 replies
So I am thinking about going to a bank that is nationwide (i.e bank of america or wells fargo) for the holding bank account, and use my local credit union which i will be getting loans from for my property account. would be nice to have both there.Here is what I found out for the signature: Property LLC,By: Holding LLC, Managing MemberBy: ____________ John Doe, Manager
Clarissa David
House hacking - Roommate
13 August 2019 | 5 replies
There are a lot of great tools out there you can use to screen but I would suggest a platform that helps with not only listing the property (publishing it to 10+ other listing sites) but also comprehensive tenant screening which includes a nationwide criminal background check, credit check, eviction history check, and requires references for prior tenancy.
Mac Usher
Burned Properties!
13 January 2021 | 37 replies
Starting to find companies nationwide that purchases fire damaged homes to get the ball rolling.
Tim Waterhouse
Source for Listings of Tenant Occupied Properties
8 May 2023 | 0 replies
I'm looking for the name of the website that was a nationwide source for rental properties for sale that had tenants in place already, and it rated the property, the area, etc.
Amy Charles
Solo401K or HELOC to get re-started?
16 November 2020 | 8 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.
Michael Weis
Auction Property Advice
28 February 2018 | 3 replies
You'll need to confirm how all outstanding amounts will be dealt with by reading the auction terms.
Phillip Dixon
Financing Question for first-time investors without a lot of cash to put down!
27 January 2023 | 14 replies
I know we have a state one here and there is also Bank of America's which is nationwide as far as I know.