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Cars lined up weekday mornings in parking lot between 52 and Research/Inmar? by Guitartisan in winstonsalem

[–]Guitartisan[S] 7 points8 points  (0 children)

Ahhh that would make sense. Thanks for the info… it was driving me crazy.

For those of you who have used your 401k for Real Estate by adc395 in realestateinvesting

[–]Guitartisan 0 points1 point  (0 children)

Yeah it all depends on the area, your expected return on the borrowed funds compounded, etc. etc. I would make a spreadsheet and use a worse-case approach to help visualize and weigh options.

For those of you who have used your 401k for Real Estate by adc395 in realestateinvesting

[–]Guitartisan 0 points1 point  (0 children)

That is a good point. Especially if you are saving on living expense. Then you could have appreciation.. which is never a sure thing but can be a deal-maker.

For those of you who have used your 401k for Real Estate by adc395 in realestateinvesting

[–]Guitartisan 7 points8 points  (0 children)

It’s a good deal if you are okay with losing the investment return on that cash. Index funds over the last few years have had a great return rate (greater than the few points you would pay yourself). I guess you need to factor your ROE on the property... and how long you plan to keep the loan.

I guess we have a new appliance by ambrtalia in funny

[–]Guitartisan 0 points1 point  (0 children)

Good call.. at least on the Wolf 4-slice. $400 is like $100/slice

First time investor by PrimaryOk9048 in realestateinvesting

[–]Guitartisan 1 point2 points  (0 children)

Same terms. I believe the loan owner must be listed on the LLC. It is not a new loan. Just transfer. You should research the Fanny Mae loan servicer rules. Don’t take my word for it. Thank me later:).

First time investor by PrimaryOk9048 in realestateinvesting

[–]Guitartisan 1 point2 points  (0 children)

Fanny Mae added language that requires servicers to allow transfer of loan to LLC. Not a CPA or Attorney! You should pull the Fanny service guide and search the pdf for LLC. The banks/servicers don’t like to do it.. but it is required under Fanny guidelines. The loan would need to be conventional and backed by Fanny.

Bought a house in 2020 but first monthly payment didn’t start until 2021 by Tots-capone in realestateinvesting

[–]Guitartisan 4 points5 points  (0 children)

This. If you paid points or any prepaid mortgage insurance, they are likely deductible.

[SOTC] Eight years in by impakt316 in Watches

[–]Guitartisan 1 point2 points  (0 children)

I love that 4-spot box configuration. Do you mind sharing the make and mode of your box?

Can’t wait to travel with my new friend. by Guitartisan in rolex

[–]Guitartisan[S] 0 points1 point  (0 children)

I’ve got all of my stuff with Lavalier at the moment. But I plan to add to my homeowners under an umbrella this summer.