
14 June 2020 | 1 reply
I am thinking I may qualify under this criteria "You are experiencing adverse financial consequences as a result of being quarantined, being furloughed or laid off or having work hours reduced due to such virus or disease" since I have no longer been working overtime.

17 June 2020 | 4 replies
While in quarantine, I found the BiggerPockets podcast and community, and have just started reading Brandon Turner's Book on Rental Property Investing - now, I'm hooked!

6 July 2020 | 2 replies
To protect your privacy, do NOT send supporting documentation with your application, especially medical information.You have been diagnosed with the virus SARS–CoV–2 or with coronavirus disease 2019 (COVID–19) by a test approved by the Centers for Disease Control and Prevention.Your spouse or dependent (as defined in section 152 of the Internal Revenue Code of 1986) has been diagnosed with such virus or disease by such a test.You are experiencing adverse financial consequences as a result of being quarantined, being furloughed or laid off or having work hours reduced due to such virus or disease, being unable to work due to lack of child care due to such virus or disease, closing or reducing hours of a business owned or operated by the individual due to such virus or disease, or other factors as determined by the Secretary of the Treasury (or the Secretary's delegate).Increased maximum loan amountThe maximum loan amount on a general purpose loan is increased from $50,000 to $100,000, and the portion of your available balance you can borrow is raised from 50% to 100%.

18 June 2020 | 1 reply
Even with a 'state wide lock-down' and quarantine; pricing was only effected while home-buyers almost had to sneak out of their homes to buy..

25 November 2020 | 11 replies
Purchase price: $88,500 Cash invested: $50,230 (Down payment, closing cost, plus rehab)First investment property - completed the rehab in the middle of quarantine while also going to school at night.

20 June 2020 | 0 replies
I have been quarantining in Puerto Rico for 3 months and since everything is back to normal, I wanted to see if anyone would like to startup a meetup group here to discuss Real Estate.

8 July 2020 | 12 replies
My wife is from The Woodlands, and we've escaped the chaos that is the SF Bay Area right now for a larger quarantine housing footprint, and also so I can start picking up properties in a place that's a little bit more sensible.

24 June 2020 | 29 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.

28 June 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.

25 June 2020 | 1 reply
My friends and I should be closing early next week on a live in flip project that we know is going to sell for a great profit (acquired during quarantine).