Michael Chilton
Seller Financing Terms for Mobile Home
22 December 2019 | 3 replies
Here we take it heavily into account as to what we are into the unit for. 10% down is a minimum, zero consideration for a penny less. 5yr term is our standard although we do add in a 2yr extension clause at additional pts fee for such.
Jonathan Greene
The Rise (and Fall) of the Snowflake Investor
1 January 2020 | 14 replies
fast track to doing it right. you have a HUGE gap between hey I am going to go buy me a rental that is rent ready either through some provider or off of MLS and HEY I am going to buy a property that needs extensive renovation before we can get it rent ready.. the two are so far different so in my mind cant lump that active rehab investor into the vanilla BP I am getting my first rental or my 3rd rental investor..
Huso Akaratovic
Homeowner has plumbing issues on the flip I sold...PLEASE ADVISE
26 December 2019 | 64 replies
Extensive gut/total remodel or quick cosmetic lipstick on a pig deal.
K.C. Corey
Subject To wholesale deal in Fort Wayne, IN
21 December 2019 | 2 replies
I’ll be the first to tell you that I don’t have extensive knowledge on wholesaling however I know of some people here in Fort Wayne that do.
Rudky Martin
How much and how to ask my buying agent to rebate?
24 December 2019 | 30 replies
But I heard everywhere even here in BiggerPocket's guide books for buyers that buyers often get rebates from buying agents. here is the quote:11.
Dwight Porter
How come some sellers don't accept VA Loan Buyers?
25 December 2019 | 25 replies
The VA loan closed in exactly 30 days, the other took nearly 60, with 2 extensions.
Percy N.
88 unit apartment complex in Huntsville, AL
24 December 2019 | 2 replies
An 88 unit apartment and former hotel in Huntsville, AL (Rocket City) to be extensively renovated as modern townhomes and corporate housing.
Jake Anderson
What to do with $5 million?
2 January 2020 | 17 replies
This is a loaded question that is near impossible to answer without extensive financial information on your client's age, responsibilities, income sources, other investments, insurance, medical needs, the list goes on and on.
Patty Capson
How to word non renual of lease
25 December 2019 | 5 replies
The home will be undergoing extensive renovations for which the property need to be vacant for an extended period of time.
Jerell Edmonds
First investment property
26 December 2019 | 21 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).4) As an alternative to taking the loan, you could even purchase the investment property directly using funds in your Solo 401k (assuming you are self-employed & select a Solo 401k plan provider which allows you to invest in real estate).