Suppose you take out a loan from your solo401k. You make the regular payments up until you turn 59 1/2. After turning 59 1/2, you stop paying. The remaining balance would be a taxable distribution, right? Would it...
Hey family,I have an owner willing to sell their property for 25,000. The proper is worth about 31,000 and rents for 450 a month here are the terms the owner is offering: Owner wants 12,500 up front and will give me a...
In the course of searching for buy and hold rentals, I have been offered several properties that are currently under existing Land Contracts which leads to a couple of questions for the experts here.
First, what are...
Hello,I'm currently doing due diligence on a non-performing junior lien that has gone unpaid for about 5 years. I know the unpaid principal balance, interest rate, and monthly payment but the arrearages and payoff amo...
Where can I find official documents regarding "Subject To"? I would appreciate it if you could provide direct links to official websites as references. Thank you
Hello,I am taking Computerized Accounting Systems. Is it a good idea to take Computerized Accounting so I would know how to balance the books when operating several apartment buildings?
We have cleared all the obstacles to our quiet title IRS, taxpayer, liens etc but private lender has filed pleadings. Can anyone please advise on my options to deal with this? A little backround: The property is vacan...
Hello, I have been seeing increasing opportunities recently to bid on non performing notes on commercial properties that banks are trying to offload.These notes usually have the following characteristics:The note has ...
Pardon my ignorance, but in reviewing some income statements for investments I'm trying to make sense of some napkin math concerning Net Income and Distributions. For distributions to occur for a multifamily property,...
Hi there,I'm looking for someone / a service to help me set up my accounting system and train me to do the entries. I'm open to software like Quickbooks online or any other that is recommended. Is there a service out ...