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I've seen a number of times that people are taking money out of their retirement plans to invest in RE. They also say there is no penalty for doing this under the CARES Act due to COVID. Is this true in all states or ...
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Hi All,
How does a tax assessment work when you close on a property? I called the union city, NJ tax assessor and he basically said that they assess any home that gets purchased. My realtor is saying that’s not the c...
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Hello. I am reaching out to the community to get some opinions on the 2 options that I currently have for a multi-family that I am under contract for. It is worth noting that in both of these scenarios I will be manag...
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We’ve been working with a lender for about 6 months to finance my first home. We are in a unique situation as we are buying a home out of a rent to own agreement. The first 4-5 months I worked with an inexperienced lo...
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Hey all, I'm from San Francisco and interested in Omaha because of it's strong economy, good school system, relatively low vacancy rate, etc. I also visited the area a few years back and met the nicest people :)I've ...
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I'm looking to use retirement money for downpayment on a multifamily, but taking it out early I will lose 10K. Looking for unique way to not lose so much or put immediately into something to pay less taxes.
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Hi everyone, I am currently looking for a loan either 30 year fixed or arm loans with good rate. I live in the Bay Area and am looking into purchase an investment property in Southern California or out of states. Do y...
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It can be a nightmare. My association has been self managed since the developer turned it over to the Owners (12 yrs ago). We have had our secretary in place since the beginning (12 YEARS).Her husband a former fire c...
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I am very interested in the new Opportunity Zone introduced to us by Amanda Han, CPA a while back. There's quite a bit of talk online, but not exactly on how to set up the Opportunity Fund and to get it going. There i...
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I just closed on a private secured note with a friend who I helped move money to a self directed IRA but we both know the rate is relatively low (5%) and they will probably want me to prepay it before the 12 month ter...