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26 August 2016 | 4 replies
What's different are the LLC governing docs and how it's structured.
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11 September 2016 | 7 replies
The right to lien a property is usually governed by State Statute.
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29 August 2016 | 16 replies
You can also look into a SEP IRA which would still allow you to invest in your government TSP program (up to $18k) and up to $53k into the SEP IRA.
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2 September 2016 | 3 replies
Once certain terms of the note are changed such as maturity date, balance or an increase in payment the modification is considered a new extension of credit and is subject to certain regulations which govern the extension of credit.- The creation of a new "note" would mean the satisfaction and release of the prior security instrument.
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28 August 2016 | 0 replies
Hello, was curious if turning a HUD property into a Section 8 rental would qualify as a "Government Agency"
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29 August 2016 | 2 replies
While I can't say for your state specifically, as a general rule, commercial leases are governed by the contract.
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30 August 2016 | 15 replies
There was one guest BP's podcast (sarah prickett) who mentioned she had several mortgages under her name and her debt to income was awful but she had the desired income she wanted along with working for the US government as on a reserve status.
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9 September 2016 | 12 replies
@Patrick Philip,Well, banks are "flush with cash" these days, but no, they do not have unlimited funds.Also, when banks lend, they impose certain restrictions on the loans, the borrower, the collateral, the terms of the loan, etc. so the note can be sold in the secondary market or be insured by government-sponsored agencies like Fannie Mae, Freddie Mac, etc.Private lenders ("OPM") typically don't write loans to sell them, and typically are interested in the deal rather than the borrower's details.Using OPM down usually means putting some kind of partnership, joint venture, etc. together so the source of the down payment is less of an issue or a non-issue to the lender(s).Dunno if that helps...
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31 August 2016 | 18 replies
The reason is that is by state law you are considered an intermediary and not a principal, you are required to comply with the rules governing the behavior of licensed real estate professionals when running your wholesale operation.
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30 August 2016 | 6 replies
I am looking for information on employment verification and what the government has to say about it vs. what the bank has to say about it.