Michael He
Unwanted Packages!!! Not again!!!
4 June 2020 | 3 replies
My current tenant are feeling bothered by those packages because they don't like the feeling of potentially they might be responsible for those packages one day, and also too many packages stacked under the porch signals people with bad intentions that this house might have been vacant, which poses potential dangers to my current tenant.
Andrew Fidler
Lucas County, Ohio Evictions and the CARES ACT - DISMISSED
5 June 2020 | 10 replies
You might not be in violation of the CARES Act, but if you served a 5 day notice while your state's stay-at-home order was in effect, the judges may rule your notice is invalid and dismiss the case entirely, forcing you to start over.
Elena Casey
URGENT ANALYSIS HELP!!!
16 June 2020 | 33 replies
Effectively, I can convert the draw for a certain amount into a loan and pay it off at the current interest rate.
Mason Mccullough
Should I take this owner financing house hack deal?
4 June 2020 | 18 replies
Prices have also outpaced the growth of rents and inventory is low, so finding a deal that I can house hack effectively has been tough.
Tim Healey
COVID Declaration From New Tenants
4 June 2020 | 2 replies
Hi All, in recent re-finances of loans I have noticed the lender asking me to confirm via signed statement that my income has not been effected by COVID.
Divya R.
What can you use the EIDL loan for?Downpayment for new properties
1 July 2020 | 8 replies
It could effectively be used by buy properties, as you could pay off existing mortgages (acceptable use) and use that equity to acquire new ones.
Pete Abilla
Delinquency rate triples in US commercial mortgage market
4 June 2020 | 5 replies
With forbearance still in effect, I think it is too early to tell for residential and collections in the multifamily space have remained steady from what I have seen.
Brad Haddow
Petty Landlordcharging 260$
9 June 2020 | 2 replies
Due to COVID effecting my residency i no know i will have to leave.
Drew Lamb
Regrets or anything different after using 401(k) for purchase?
11 June 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.
Reggie Rearden
Counting Rental income for new Mortgage
6 June 2020 | 6 replies
But, I do understand they are still effectively pass through entities so their profits, active or passive, are being spit out to you on a K-1 form every year.If you are using a traditional bank (e.g. wells Fargo, Chase, etc.), they have been slapped with so many regulations after the 2008 crash apparently, they are now originating a mere fraction of the loans nowadays and are in the minority.