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22 September 2018 | 15 replies
;Roth IRA funds are not subject to requirement minimum distributions (RMDs);The fair market value (FMV) of assets held in a self-directed IRA is reported on form 5498;The fair market value of assets held in a solo 401k are reported on Form 5500-EZ;At termination, the solo 401k is required to file a final Form 5500-EZ and 1099-R; andAt termination, the self-directed IRA is only required to file a form 1099-R.
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24 September 2012 | 10 replies
We just don't want our kids and grandkids held captive by scammers, and irresponsible government employees.. and out of control "programs"
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25 September 2012 | 6 replies
LOAN PROCEEDS COVER PURCHASE PRICE, POINTS, AND REHAB COSTS WHICH ARE HELD BACK AND PAID IN DRAWS AS WORK IS COMPLETED.
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2 October 2012 | 38 replies
And then you'll be held to that.But again, it sounds like you're new to this, which means you're probably not ready to deal with all the aspects of selling a house (dealing with agents/buyers/showings, negotiation, contracts, coordinating inspections/appraisals, dealing with closings, etc), and you certainly don't want to leave this all up to the buyer's agent.So, find a great listing agent to handle all this for you...
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1 October 2012 | 12 replies
The problem with many lots like this is we call them pipe farms.These lots often have high yearly taxes and HOA dues monthly.The question is can the land be held cheap enough with carrying costs to resale at a profit??
5 October 2012 | 5 replies
You'll need portfolio loans, made by local banks and credit unions and held in their own portfolios.
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22 January 2013 | 9 replies
If they would have remembered that you need a place to live no matter what, maybe some would have just held tight until prices rebound.
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15 October 2012 | 6 replies
We entered into an escrow deal with the bank on a single family REO, placed the funds in escrow, then had to fight for months to get our money back out -- it was like paying double for the repairs as we had the money held up in escrow but then had to show a receipt and proof of work done to get our money back out, and somehow the bank then said they decided to put the escrow funds toward the balance of our loan instead of returning it to us after repairs were made, and it took months to get our funds returned instead of credited toward our loan balance like they wanted.
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10 October 2012 | 2 replies
It can be double closed as long as the B-C transaction is not for more than 20% of the A-B purchase price within the past 90 days.That restriction runs with the title, so you'd still be held to that same 20% resale deed restriction from the date Fannie or Freddie signed off on the deed.
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17 October 2012 | 16 replies
at my other place, it's lasted 9 years now & has still held up, hot tires & all.