Ana Hyler
Fannie Mae - the landlord
15 December 2008 | 13 replies
(c) A prosecution for a violation of this section shall be commenced within three years after the date of the acquisition of the last parcel of property that was the subject of the conduct for which the defendant is prosecuted.
Sara C.
How to handle issue with Flip project POST SALE
29 August 2018 | 51 replies
(Contractor) hereby warrants that the construction work performed at {address here} is free from defects and incorporated into this Limited Warranty for a period of 1 year from the date of substantial completion, date of commencement of use, or date of notice of completion, whichever occurs first.
Suzanne A.
Question about Tenant Turnover Timing...help please...
27 August 2018 | 8 replies
Ideally get a lease signed prior to current tenants leaving, and get the lease signed with an open commencement date.
Matt Pfefferlen
Due on sale in second lien foreclosure
29 August 2018 | 13 replies
The 2nd thing I do is commence foreclosure from the 1st, if it hasn't already been started.
Charlie Moore
What Qualifications are SET for people when applying for tenancy?
6 May 2019 | 6 replies
. - Any other information provided by the applicant (such as anticipated length of tenancy, tenancy commencement date, etc.). - Any offers or proposals you may choose to make to us (additional rent or deposit funds, extended lease term, guarantors or co-signers, etc.).
Rupert Grant
SDIRA vs Solo 401k which would you use and why?
27 December 2018 | 13 replies
@Rupert GrantFollowing are the similarities and differences between the solo 401k and the self-directed IRA.The Self-Directed IRA and Solo 401k SimilaritiesBoth were created by congress for individuals to save for retirement;Both may be invested in alternative investments such as real estate, precious metals tax liens, promissory notes, private company shares, and stocks and mutual funds, to name a few;Both allow for Roth contributions;Both are subject to prohibited transaction rules;Both are subject to federal taxes at time of distribution;Both allow for checkbook control for placing alternative investments;Both may be invested in annuities;Both are protected from creditors;Both allow for nondeductible contributions; andBoth are prohibited from investing in assets listed under I.R.C. 408(m)The Self-Directed IRA and Solo 401k DifferencesIn order to open a solo 401k, self-employment, whether on a part-time or full-time basis, is required;To open a self-directed IRA, self-employment income is not required;In order to gain IRA checkbook control over the self-directed IRA funds, a limited liability company (checkbook IRA) must be utilized;The solo 401k allows for checkbook control from the onset;The solo 401k allows for personal loan known as a solo 401k loan;It is prohibited to borrow from your IRA;The Solo 401k may be invested in life insurance;The self-directed IRA may not be invested in life insurance;The solo 401k allow for high contribution amounts (for 2018, the solo 401k contribution limit is $55,000, whereas the self-directed IRA contribution limit is $5,500);The solo 401k business owner can serve as trustee of the solo 401k;The self-directed IRA participant/owner may not serve as trustee or custodian of her IRA; instead, a trust company or bank institution is required;When distributions commence from the solo 401k a mandatory 20% of federal taxes must be withheld from each distribution and submitted electronically to the IRS by the 15th of the month following the date of each distribution;Rollovers and/or transfers from IRAs or qualified plans (e.g., former employer 401k) to a solo 401k are not reported on Form 5498, but rather on Form 5500-EZ, but only if the air market value of the solo 401k exceeds $250K as of the end of the plan year (generally 12/31);When funds are rolled over or transferred from an IRA or 401k to a self-directed IRA, the amount deposited into the self-directed IRA is reported on Form 5498 by the receiving self-directed IRA custodian by May of the year following the rollover/transfer.Rollovers (provided the 60 day rollover window is satisfied) from an IRA to a Solo 401k or self-directed IRA are reported on lines 15a and 15b of Form 1040;Pre-tax IRA contributions on reported on line 32 of Form 1040;Pre-tax solo 401k contributions are reported on line 28 of Form 1040;Roth solo 401k funds are subject to RMDs;A Roth 401k may be transferred to a Roth IRA (Note that from a planning perspective, it may be advantageous to transfer Roth Solo 401k funds to a Roth IRA before turning age 70 ½ in order to escape the Roth RMD requirement applicable to Roth 401k contributions including Roth Solo 401k contributions and earnings.)
Cody Skidmore
Using a self directed IRA to invest in my LLC..?
7 September 2018 | 4 replies
The first annual valuation period can commence as late as October 3, 2018.
Greg Pratt
Security Deposit - items that can be deducted in MN
3 August 2018 | 5 replies
Upon the expiration of the Lease and any extensions thereof, Tenant shall surrender the Premises in as good of state and condition as they were in at the commencement of this Lease, reasonable wear and tear from ordinary use excepted.The issue here is there is not mention of a $$ for a Penalty.
Cliff T.
Help understanding lease terms
6 September 2018 | 2 replies
This agreement shall commence on Sep 1, 2017 and continue until Sep 30, 2018 as a leasehold.
Richard Lovering
tenant eviction as part of a deal?
15 January 2019 | 15 replies
What it does mean is that, if the notice is properly issued, and they do not comply by the expiry date of the notice, you can then commence the eviction process; which will take about 6-8 weeks assuming you execute it perfectly and the judge doesn't decide to grant something called a "discretionary stay" (their way of being the nice guy at your expense).