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Results (10,000+)
Larry Lee Need advice on selling first wholesale deal. HELP
14 June 2012 | 28 replies
I would ask a little higher, then begin reducing your price if you're not getting the offers you should.
Account Closed Is retiring on $500k in rental properties realistic?
12 January 2012 | 18 replies
Also an assignment of rents can be used, both of these triggered if 30 days delinquent.So there are numerous techniques to reduce the risk for the private lender.
Michael Seeker Keypad entry for multi-unit apartment building
10 February 2012 | 3 replies
With unique codes for maintenance on each unit, you greatly reduce this risk.
Bryan Hancock Will Gasoline Hit $5/Gallon This Summer?
27 April 2012 | 33 replies
There are already electric hybrids that use very little gas.More are slated for 2014 - 2015.If gas goes any higher and stays there it could be a death knell for suburban areas.More people will move to more dense urban living where they can walk and bike to work to reduce costs to survive.Used to there was a small class of the rich,a big middle class,and a small poverty class.Now the rich class is bigger,the poverty is bigger,and the middle class is shrinking into non-existence.Costs are going to rise and keep getting worse and worse.I want to be on the wealthy side.In many instances it is getting cheaper for me to eat out then buy at the grocery store.I can get a 3 course meal at Red Lobster for 7.99 and get 2 meals out of it.The restaurants are not having to raise prices at the rate of the grocery stores because alcohol sales drive most of the profits.If people think it is bad now it is going to get much worse.We need to stop depending on gas for transportation.It's a dead resource on it's way out.
Sebastien Beauboeuf *Complicated FHA VS HomePossible situation* Need help!
22 May 2020 | 14 replies
To qualify we would have to reduce the debt remaining on one of our cars by 9k immediately.For FHA, our out of pocket cost (including down payment, lender credit, closing costs) would be about $66.3k at 3.25% interest.For homepossible, our out of pocket cost (including down payment, lender credit, closing costs and lump car payment) would be about $77.5 at 3.125% interest.The FHA doesn’t look so bad but because of the upfront 10k mortgage premium, we calculated that home possible would save us about $13.5k over those 2 years (calculations include monthly mortgage insurance payments and the 10k MIP).
Curtis Hallenbeck 401k Withdrawal Penalty free upto $100k
31 July 2020 | 5 replies
Please note that the account into which the funds are deposited must be the same type of account from which the funds were first withdrawn (e.g. withdrawal of pre-tax funds from a 401k could be deposited in a pre-tax IRA but not a Roth IRA - "like to like").Loans:Payments on a 401k loan taken under the CARES Act must be paid back starting in 2021 over a 5 year term.Here are the details regarding the loans:NEW LOANS:The CARES Act which was enacted to provide relief to individuals impacted by COVID-19 allows for increased 401k loans and more flexibility for repayment of these loans.Specifically, you must be an individual who meets one of the following conditions to demonstrate that you have been impacted by the crisis (and it will be your responsibility to retain documents in your files that demonstrates that you are a qualified individual):Individual who is diagnosed with COVID-19, with a CDC-approved test;Individual whose spouse or dependent is diagnosed with COVID-19, with a CDC-approved test; ORIndividual who experiences adverse financial consequences as a result of being quarantined, furloughed, laid off, having work hours reduced, being unable to work due to lack of child care due to COVID-19, closing or reducing hours of a business owned or operated by the individual due to COVID-19; or other factors as determined by the Treasury Secretary.On or before September 23, 2020, such individuals take a 401k participant loan subject to the following terms:Maximum Amount of the Loan: 100% of their 401k balance not to exceed $100,000.
Nathan Herber Solo 401/SD IRA, vs Cash Out, vs Whole Life Insurance
2 January 2020 | 7 replies
Cash out, pay the UBIT tax and report the additional income that year, and if a deal is made next year, implement a cost segregation on the multifamily property to help reduce the taxable income.2.
Davere Currie Investing in Cleveland Ohio
14 May 2021 | 23 replies
The commercial lender I represent reviews these stats and generally avoids properties with neighborhood scout crime scores under 20 (translation, this neighborhood is more dangerous than approximately 80% of neighborhoods in the U.S. with a score of 20) If we entertain a property in a higher crime area it is usually at a reduced LTV, like 60% instead of our max 75%.  
Colin C leamy Thoughts on live in BRRRR?
8 May 2018 | 3 replies
Reduce expenses as much as you can and still live a comfortable life (where do you live now?
Robert Freeborn 90 day challenge success!
1 June 2018 | 5 replies
After months of bidding, getting offers accepted, and walking away from duds, I saw a house go back on the market in December of 2017 at a reduced listing price.