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5 October 2020 | 3 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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3 October 2020 | 6 replies
Whether you can get them out with covid restrictions, that’s another story.
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24 January 2021 | 19 replies
When there is a huge demand and the city slows supply down or restricts supply then that area will have the highest appreciation rates.
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6 October 2020 | 66 replies
Was the court ruling prior to COVID restrictions?
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17 October 2020 | 32 replies
However, there are state and federal restrictions.
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7 October 2020 | 7 replies
LURA = Land Use Restrictions AgreementIf you get money or tax credits to build income-restricted housing, govt will record a LURA against your property with terms (60% AMI) and length (usually 30 years).
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31 July 2021 | 14 replies
I heard there are more and more restrictions on airbnb there.
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22 September 2021 | 64 replies
Like how they are restricting our movements and creating policies that aren't really based in science.
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8 October 2020 | 32 replies
@Gail W.The price per acre here in Saskatchewan is quite a bit lower than your neck of the woods, primarily due to legislation that is extremely restrictive of foreign ownership of more than 10 acres of land.
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13 October 2020 | 20 replies
Some people have sewer connections to alleviate this issue but renters would need to be made aware if that is a restriction.