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12 January 2025 | 6 replies
Sometimes, properties owned by non-profits have deed restrictions, zoning conditions, or agreements tied to their use.Tax Considerations: Non-profits often hold tax-exempt status, so you’ll need to ensure that taxes are assessed correctly once ownership transfers to you.Potential Public or Internal Scrutiny: If the transaction appears to undervalue the property or is perceived as exploiting a non-profit’s resources, it could lead to reputational risks for you or the organization.
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11 January 2025 | 420 replies
You are just transferring debt.
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15 January 2025 | 34 replies
Promissory notes are transferred by endorsing the back or a document called an allonge.
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23 February 2025 | 107 replies
I was able to purchase a house from a couple for the cost of a title transfer fee, and a refi loan.
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12 January 2025 | 12 replies
This was done to protect senior citizens on fixed incomes from being forced to sell their homes due to unaffordable property tax increases.Since the passing of this amendment, all properties in Michigan have two property tax values associated with them:State Equalized Value (SEV): supposedly equal to 50% of the market value of a property, not based on recent sales price.Taxable Value: the SEV annually capped as long as there is not a transfer of ownership.City Assessors are charged with determining how much property values have changed each year.
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24 January 2025 | 42 replies
Have prior owners agreed to occupancy transfer?
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15 February 2025 | 77 replies
Bankrate Amortization Calculator Josh do you (or anyone else doing thise) use any software to manage the process of when to transfer cash from HELOC to principal and timing effectively or you just an Excel?
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17 January 2025 | 22 replies
Build up your portfolio with a professional landlord and then as your portfolio grows transfer the assets over to a larger PM firm for ongoing accounting and management.
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7 January 2025 | 4 replies
We were being transferred to that area and went up to look at a couple different homes in the area and that one came up that day, and we made a full asking offer immediately.
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8 January 2025 | 8 replies
If you plan to resell, I think it's wise to discuss with seller in advance and that way the lien on the property can be transferred to second buyer, but you can continue to make payments at the former schedule etc.