Edward Stephens
Transferring Real Estate into an Entity - Due on Sale?
18 November 2015 | 27 replies
Talk to a bona fide asset protection attorney.
Matt Hatton
Full time wholesalers
14 August 2019 | 216 replies
(I)(1)The terms "real estate broker," "real estate salesperson," "foreign real estate dealer," and "foreign real estate salesperson" do not include a person, partnership, association, limited liability company, limited liability partnership, or corporation, or the regular employees thereof, who perform any of the acts or transactions specified or comprehended in division (A) of this section, whether or not for, or with the intention, in expectation, or upon the promise of receiving or collecting a fee, commission, or other valuable consideration:(a)With reference to real estate situated in this state owned by such person, partnership, association, limited liability company, limited liability partnership, or corporation, or acquired on its own account in the regular course of, or as an incident to the management of the property and the investment in it;(b)As receiver or trustee in bankruptcy, as guardian, executor, administrator, trustee, assignee, commissioner, or any person doing the things mentioned in this section, under authority or appointment of, or incident to a proceeding in, any court, or as a bona fide public officer, or as executor, trustee, or other bona fide fiduciary under any trust agreement, deed of trust, will, or other instrument that has been executed in good faith creating a like bona fide fiduciary obligation;(c)As a public officer while performing the officer's official duties;(d)As an attorney at law in the performance of the attorney's duties;(e)As a person who engages in the brokering of the sale of business assets, not including the sale, lease, exchange, or assignment of any interest in real estate;(f)As a person who engages in the sale of manufactured homes as defined in division (C)(4) of section 3781.06 of the Revised Code, or of mobile homes as defined in division (O) of section 4501.01 of the Revised Code, provided the sale does not include the negotiation, sale, lease, exchange, or assignment of any interest in real estate;(g)As a person who engages in the sale of commercial real estate pursuant to the requirements of section 4735.022 of the Revised Code;(h)As an oil and gas land professional in the performance of the oil and gas land professional's duties, provided the oil and gas land professional is not engaged in the purchase or sale of a fee simple absolute interest in oil and gas or other real estate and the oil and gas land professional complies with division (A) of section 4735.023 of the Revised Code;(i)As an oil and gas land professional employed by the person, partnership, association, limited liability company, limited liability partnership, or corporation for which the oil and gas land professional is performing the oil and gas land professional's duties.(2)A person, partnership, association, limited liability company, limited liability partnership, or corporation exempt under division (I)(1)(a) of this section shall be limited by the legal interest in the real estate held by that person or entity to performing any of the acts or transactions specified in or comprehended by division (A) of this section.
Rich Weese
Update on Building home instead of rehabbing for profit.
27 February 2013 | 103 replies
I asked the loand owners essentially when was the last time they got a bona fide offer on their land and their answers were the same: none (in years)?
Bryan Hancock
Filing Liens On Property To “Protect†(Hide/Mask) Equity
8 April 2011 | 60 replies
Then, you could represent this corporation as a bona fide creditor to a federal judge in bankruptcy court.Errr...OK, probably not a great idea as attorney William S.
Rob C.
Entity structure on out-of-state rentals and no CA franchise tax?
30 August 2021 | 32 replies
Anything else means that you are ceding all management control of the trust (and the LLC) to another individual in a bona fide manner.
Kalvin Henderson
Wholesaling on-market properties
28 April 2023 | 7 replies
If so, and you're dealing with a listed property and a licensed real estate agent, I think you may have a problem with getting cooperation since you appear to be neither a bona fide seller of real property, nor a licensed real estate agent.
Johnny McKeon
😵💫HELP!!😵💫w/ Seller financed "agreement for sale/ contract for deed"
5 October 2023 | 55 replies
Look at it from the perspective of a bona fide purchaser for value... the end buyer.
Pamela Marshall
Rich dad course tax write off
24 March 2011 | 13 replies
For a business to deduct education costs the expense must meet the following 2 tests.1) Serve a bona fide business purpose 2) The education will maintain or improve skills needed in the businessI think you could make a case that the course will maintain or improve skills.
Peter Amour
CROWD FUNDING ; REALTY SHARES, REALTY MOGUL....
10 August 2017 | 27 replies
Who, except a bona-fide debtor, would be willing to do that?
Lyle Cooper
Real estate professional qualification
10 April 2020 | 15 replies
Only those who are involved in an RE trade or business in a bona fide nature (RE pros) can rebut the baseline presumption that their rental real estate is intrinsically passive and are allowed a chance to apply the material participation tests.Risking principal or capital isn't the "spirit of the law", in fact, it's quite the opposite.