Maria D'Aura
1031 rental to a 2 unit property and live in one?
3 July 2020 | 5 replies
Only the portion or percentage of the property owned by you as a tenant-in-common would qualify for your 1031 Exchange.The portion of the replacement property allocated to rental or investment use must have a value that is equal to or greater than the value of the relinquished property in order to defer all of your taxes.
Rob Ayala
Anyone help me "guestimate " what hano will pay
7 July 2020 | 7 replies
At $2,600 a month rent the tenant is paying $31,200 annually, and to qualify to pay this amount it has to be equal to 40% or less of their income.
Kai Zhou
How to Start Real Estate Investing with a Day Job
8 July 2020 | 28 replies
Keeping you day job right now is crucial in order to get finance for a property, so keeping your job, reading on David Greene's Long Distance book, and using your weekends to plug in numbers for properties like you said in Idaho/Michigan, seems like a great lead measure.
Richie Choy
How I ended up visiting a Meth House - My PPC Experiment!
23 January 2021 | 7 replies
The most crucial piece is demonstrating extreme ownership over the results and converting the data into improvements on the ad campaign parameters AND on the site content/aesthetics.Cheers, and don't do drugs!
Dennis Nikolaev
Need advice on local Florida market to invest 500k.
7 July 2020 | 8 replies
All parts are affected fairly equally.....locations far inland just see maybe 20 mile an hour less winds.
Andy Mirza
Forbearance followed by Loan Mod
7 July 2020 | 5 replies
The deferred balance does not accrue interest but just sits there and is due when there is a payoff.Forbearance plus deferred principal equals giving people more time to get caught up on their mortgages which equals less foreclosures.
Peter Morgan
Invest in 3x 1SF 250k vs 3plex @750k
8 July 2020 | 1 reply
I'd say all else being equal the SFRs have more ability to appreciate over time because you would be able to sell to owner occupants and not just investors.
Sean Harris
Pulling out 401k money for investing
9 July 2020 | 4 replies
Please note that per the multiple loan rules, the amount of the loan must be reduced by the highest outstanding balance of any other 401k participant loan over the prior 12 months (regardless of whether such other loan is currently outstanding).Monthly or Quarterly Payments: The loan must be paid back in equal monthly or quarterly payments of principal and interest.Interest Rate: The interest rate is equal to prime plus 1% (or CD rate plus 2%) and is a fixed rate that is set at the time that the loan is taken.Term of the Loan: Five-year term unless the proceeds of the loan are used to purchase a primary residence in which case the term of the loan may be up to 30 years.First Payment:For monthly payments, the first payment that would otherwise be due is delayed until January 2021 (e.g. if the first monthly payment would have been due on May 15, 2020, it will be due on January 15, 2021).For quarterly payments, the first payment that would otherwise be due is delayed until the first quarter of 2021 (e.g. if the first quarterly payment would have been due on May 15, 2020, it will be due on February 15, 2021).EXISTING 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.If you meet the above conditions:You may delay making any 401k loan payments due between 3/27/2020 and 12/31/2020.You must commence making loan payments in January 2021 (or the first quarter of 2021 if your loan payments are due on a quarterly basis).If you elect to delay making such loan payments, the term of your loan will be appropriately extended.
Leatha L. Luttrell
Is the real estate bubble burst soon?
26 July 2020 | 64 replies
Timing a market can be a crucial mistake leaving you on the sidelines for years.
Hayden Russell
Whats the best way to get started in real estate?
11 July 2020 | 18 replies
Hard money = collateral based loan, typically requires 20% down & fees that equal about 4% of the purchase price at time of acquisition.