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2 April 2024 | 4 replies
4) each state has different rules, it will be a state by state answer.5) if you are operating the OM company as an LLC, then the LLC needs a designated Broker and the Trust account is maintained in the Brokers name. 6) In Texas there isn't a P<m specific license, it is governed under the RE License.
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3 April 2024 | 83 replies
They have wants and desires, and presumably among those wants and desires is: not crushing the dreams of home buyers, getting additional business from lenders and sellers, doing the right thing in the face of ridiculous government regulation, etc.Perhaps you are able to complete your job with zero emotion (unlikely, even though you may think you do), but most of the rest of the world can't, even if they might want to.As a smart investor and business-person, I take advantage of this when possible.
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2 April 2024 | 5 replies
Once the property passes inspection you submit your lease and the Section 8 agreement and you are in business offering government housing.
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31 March 2024 | 4 replies
When they ultimately sell their houses, the gain may extend beyond the federal tax law's maximum exclusion amounts on capital gains of $250,000 for single filers and $500,000 for married couples.
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1 April 2024 | 7 replies
massive excessive government stimulus has consequences (as do other inflationary policies)
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2 April 2024 | 20 replies
It’s crazy that a person who is getting good government assistance doesn’t pay.
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3 April 2024 | 24 replies
I am a long term buy and holder.I started with 30 year mortgages, but later refinanced into 15 years, and some 10 years when the government adopted the "Home Affordable Refinance Program" (HARP) at very low rates in response to the great financial crisis.
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1 April 2024 | 17 replies
So, yeah, government bureaucracy at its finest.
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1 April 2024 | 1 reply
In 2024 the Federal Estate Tax is not applied on estates under $13 million.
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1 April 2024 | 3 replies
@Gavin JexSo you want a bank loan and then seller finance as wellA bank would not be in second position so they as the owner / lender would be in second.Also 0% they would still be responsible for taxes on that at AFR so if your payment is $300/mo the loan would go off federal rates so they would essentially have to claim around $5k in interest income which would be ordinary income so they may end up paying all of your payment in taxes… just fyi if they did speak with someone on thisSounds like a steal if deal for you