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Results (10,000+)
Jim Vanhorn Tenant lied about having a pet.
3 February 2020 | 2 replies
I did already collect a 1.5 month security deposit. the most I can legally collect in NJI am a bit pissed off that I was lied to, but at this time I have no interest in evicting her since she pays on time and I know I would lose at lease 1 months rent while looking for another tenant.
Arjun P. Seller doesn't agree to release escrow damage deposit
3 February 2020 | 1 reply
I recently purchased a duplex for rental purpose and agreed with seller to escrow one of the tenant damage deposit with title company.
Simmie Douglas How to make rent deposits to checkbook IRA
3 February 2020 | 2 replies
Do I just have the manager set up to make deposits directly to the llc's checking account?
Mark Perea Tenant wants to break her lease
5 February 2020 | 17 replies
She paid a 250 pet deposit, 975 deposit and first months rent.
Brian DeLorme Borrowing from a 401K to purchase a rental property
4 February 2020 | 13 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.
Deniz Eker Maximizing 401K,IRA or investing in real estate at age 50
3 February 2020 | 2 replies
Other important factors include: Do you get a match from your employer? 
Cameron Calvert Should I buy this as my 1st investment property?
10 February 2020 | 22 replies
The tricky part will be getting an appraisal that matches my offer due to the uniqueness of the property.
Matthew Aubert Purchasing properties BEFORE knowing HOA policy?
4 February 2020 | 8 replies
After making deposit the builders realtor out of nowhere sends out that HOA fees are now part of the properties.
Yengkong Sayaovong 401k to purchase investment homes
6 February 2020 | 2 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 Nevarez IN NEED OF A LOAN TO PAY PERMIT CITATIONS AND PERMIT COSTS
6 February 2020 | 7 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.