Mike A.
COVID-19 letters to tenants?
9 April 2020 | 9 replies
If you find yourselves in difficult circumstances please reach out, regardless of the reason.
Mike S.
Buy asset from ROTH IRA to ROTH 401k. Prohibited transaction?
23 March 2020 | 6 replies
I can sell any asset from my plans to a non disqualified person.I can buy any asset (with some exceptions) in my plans from non disqualified person.Again, I was not talking about a rollover as I was not looking into bringing more asset into a plan, I just wanted to change title by making a bona fide transaction with exchange of cash for an asset.But if I can't sell from one plan to buy into another, then that would mean that my ROTH 401(k) is a disqualified person for my ROTH IRA.That was my question, as by reading the definition of disqualified person, I was not sure that my ROTH 401(k) was fitting in any of the categories.
Jessica Vollendorf
Finding a tenant during Corona Virus
1 April 2020 | 13 replies
While recognizing there are always exceptions and outliers, I’d assume there aren’t a ton of people looking for new rentals right now.
Ryan Nolan
Inheriting a Long-Term Tenant
23 March 2020 | 3 replies
My first property in Lyons, IL had four tenants in place and I have all of them today except for one who passed recently.
Brent T Galbreath
First time investor. Should I Pay in full or mortgage?
24 March 2020 | 9 replies
In your case, if you are using just your own cash, you can take advantage of the "delayed financing exception" to pull cash out and put a mortgage on the property right away.
Tyler Smith
BRRRR question (Fannie Mae guideline?)
16 April 2020 | 8 replies
you're asking for the delayed finance exception. you have to wait 6 months to get a refi based on full LTV without the purchase price cap.
Warren Wolfe
Rent not paid from tenates during this crisis.
23 March 2020 | 4 replies
I can not find any such statement from the governor except an eviction moritorium while the crisis persists.
Nikki O.
I am unable to pay cash to purchase the house
23 March 2020 | 2 replies
I understand this "change of payment method" is frowned upon in the industry but given the current circumstance I am wondering how many people are having to go through similar situation?
Rob Hakes
PM is offering a $75.00 discount if tenant pays in April and May
4 April 2020 | 27 replies
However in this situation with these being OOS properties, a turnkey provider, and quite an unprecedented world circumstance I am not inclined to try and work this out with each tenant on an individual basis.
Morgan Porter
Cash Out Refi Now or No?
24 March 2020 | 3 replies
(Right now, we don't hold a lot of cash, so it would be nice to have more of a cushion considering current circumstances).