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Results (10,000+)
Gary Parilis short-term loan from 401k for rehab
28 February 2020 | 3 replies
The repayment terms for a 401k participant loan are equal monthly/quarterly payments of principal and interest (typically prime plus 1%) over a 5 year term (longer if used to acquire your principal residence).Please note that if you take a full $50,000 and then pay back the loan, you can't take another $50,000 until 12 months after the first loan was fully paid back.Per the loan offset rules that went into effect with the 2018 Tax and Job Act: if you leave your job and the loan is current at the time you leave your job but then the loan goes into default because you left your job, you will have until your tax return deadline (including any timely filed extension) to make the loan current by depositing the outstanding balance into an IRA (and thereby avoid the taxes and penalties that would otherwise apply).Please keep in mind the multiple loan rules:Under those rules, the sum of the balances of a participant's outstanding 401k loans under a single 401k plan (using the highest outstanding balance of each loan over the last 12 months) can't exceed 50% or $50,000 whichever is less.
JD Martin Looking to you good STR'ers to give me a STR crash course lesson!
2 March 2020 | 18 replies
They have been quite cost effective for me.
Hugh Wagner 1031 Exchange Question
27 February 2020 | 3 replies
The tendency of the IRS could very well be that the subdivision constituted creating inventory and thus eliminating the 1031 option.
Collin Hays Any corona virus inpact on your STRs currently?
8 April 2020 | 63 replies
The lodging establishments that are currently feeling the effects the most are the hotels near convention centers.
Don Jackson Trying to evict, tenant got attorney, now suing me-North Carolina
29 February 2020 | 26 replies
This Consent order needs to be approved by a judge to be effective.
Michael Vu Basement Foundation Crack in Potential Deal
8 June 2020 | 6 replies
The engineer can also tell you how that basement crack is going to effect the home long term.
Voltaire G. Choosing where to invest out-of-state (OOS)
10 March 2020 | 9 replies
It's those maniacs that buy homes cash via quit claim deed off of craigslist that really get screwed.Make sure your property manager is a licensed real estate brokerage.Google Clayton Morris Scam and/or Morris Invest Fraud for a cautionary tale of what not to do when buying turnkey real estateUnderstand you can not eliminate all risk, only mitigate it.
B Ibo Which parts of your job would you like to kill or eliminate?
26 February 2020 | 0 replies

In a perfect world, what are the top things you would like to get rid off, and if you could only focus on 1 thing for a year to transform your business as a Real estate agent, what would it be & why?

Michael Nahm Tenant Complaint, Need Advice
27 February 2020 | 23 replies
Although in high rises they usually have a continuous fan on the roof pulling the air from the bath constantly.Remediate the mold in the most effective way and install a better performing fan.Good Luck.
Ara Abrahamian 1031 into Larger Multifamily or Multiple 4-Plexes?
2 March 2020 | 11 replies
The CA multifamily market is on the verge of softening with recent (and upcoming) rent control legislation coming into effect, leading many investors to sell / move their capital out of state.