Not only was he over on our contracted timeline (which include penalties) but he left me with a TON or extra work, double payments and extra expenses that I was not aware of.I want to recoup my extra expenses, lost rent and penalties and am not sure what steps are next to reporting this guy.Where are the best places to report him, other than his bonds, State Licences Board, BBB, so he doesn't do this again to anyone else...Does anyone have a contract/real estate attorney recommendation?

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.

Ask everyone you meet that buys real estate what they're looking for, then seek it out for THEM.

Top 5 Metros Attracting Renters From ElsewhereDenver:           48%Baltimore:       47%San Diego:       44%Tampa:            44%San Francisco:  44%And, the Not So Good Top 5 Metros: Where Renters Are Looking To LeaveOrlando:           50%Riverside, CA:   50%Detroit:            47%Chicago:           43%Charlotte, NC:   41%Source: Apartment ListSee more at: https://www.american-apartment-owners-association.org/property-management/latest-news/here-are-top-cities-where-renters-are-seeking-move/A little commentary...chasing demand isn't a recommended investment strategy. 

Recently purchased a duplex and hoping to get recommendations on a tax accountant that is familiar with real estate investments to assist with filing. Does anyone in the SD area have a go-to tax advisor?

I would like to seek some advice from this group first just to make sure my plan is solid.

Typically, if an OLC was used for buy and hold, you would have a K1 from that LLC which “passes through” to your personal tax return.I Strongly urge you to seek professional tax advice rather than asking this question on an open forum from non tax professionals.

It should spell out the things that they will handle, and the things they will seek your involvement in.  

Hi all,
I am currently a new investor honing in on flipping homes in the upper north Dallas region. Mainly in the Plano, Carrollton, & Frisco areas. As of right now, I have about $10,000 saved up which is not eno...

Should I be seeking legal counsel?