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28 February 2024 | 0 replies
On the other hand, REITs and real estate notes require very little time commitment, as they involve investing in a company or debt instrument.
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25 February 2024 | 13 replies
Ideally, the Borrower would make a single payment like they are used to and my Investor has security based on the hypothecated Note.Or, must/should I have Investor in 1st position with a Security Instrument and Note based on agreed to terms and then create a Note Rider for a Wrap Loan between my LLC and Borrower spelling out those agreed to terms along with a 2nd Security Instrument in 2ndposition.Example:Borrower Pays: 12% and 3 PointsInvestor gets; 8% and 2 points (spelled out in a Note)LLC gets: 4% and 1 pointPerhaps there are a number of ways to skin this cat but I’m looking for a simple, yet protective, approach for both Investor and LLC.Thanks,Steve
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24 February 2024 | 22 replies
Cannot have your cake and eat it too (take the payments but then say invalid contract)If it’s a contract for deed (which sucks in Missouri as it would have been faster to have a traditional deed of trust and note), it may state they are responsible for upkeep of the propertyBut if there are no violations and they are making payments you will have a difficult argument to take property backAs mentioned get an attorney depending on the debt instrument used virtually all of them have what is called EVENTS of DEFAULT.These include:Non payment of mortgage when due.Non payment of Tax's and or insurance.WASTE and that is what you have if you can easily prove it..
22 February 2024 | 2 replies
Hi, so I won a tax deed at an auction for a vacant lot but I am trying to determine if there are a bunch of leins on it. The last few sales codes say CD, QC, OR, OR. I know QC means Quit Claim but what does OR mean? A...
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27 February 2024 | 2053 replies
Originally posted by @Nicholas Aiola:@Jonathan Bren The portfolio income tax exemption allows non-US investors to lend to US borrowers and not pay US tax on or file US tax returns as a result of the associated interest income.That said, there are a lot of rules and pitfalls to be aware of.This excerpt from a website (https://www.jdsupra.com/legalnews/the-portfolio-in...) sums it up pretty well:...as a general matter, if (i) a non-U.S. lender (which is unrelated to the U.S. borrower, is not a bank, is not a CFC, and is not engaged in the conduct of a U.S. trade or business), (ii) lends money to a U.S. borrower pursuant to (iii) a registered debt instrument, (iv) which pays a fixed rate of interest, and (v) the non-U.S. lender provides adequate documentation as to its non-U.S. status, then the interest payable pursuant to the loan should qualify for the portfolio interest exemption and, in such a case, no U.S. tax would arise with respect to such interest.I would recommend consulting with an attorney and CPA familiar with US/foreign tax laws to ensure all of the correct steps are being taken.
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20 February 2024 | 4 replies
This person would essentially be instrumental in putting the entire deal together.Given the significant role this individual would play, I'm curious about how their involvement is typically reflected in the closing documents, if at all.
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19 February 2024 | 4 replies
They seem to be a middleman for underwriting some type of debt instrument for DTCC.
16 February 2024 | 1 reply
Both were instrumental in the project's success.
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16 February 2024 | 1 reply
Keep in mind that laundry leases are negotiable instruments and that a "one size fits all" is not a very good approach for either counter parties.
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15 February 2024 | 30 replies
Im more than willing to share profits absolutely we are instrumental in helping folks like you expand and increase your income exponentially.