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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
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1 April 2024 | 8 replies
Many times they will claim it's wonderful and then try to hide their worst deals by only showing completed deals.
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1 April 2024 | 7 replies
Anyone who tells you otherwise or claims to have done these deals in volume is likely willing to sell you a course.
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31 March 2024 | 1 reply
Looks I have to report net income on SE Line 24 ($2k), but on Line 25, I cannot claim losses due to higher income (>$150K).
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2 April 2024 | 20 replies
If this is your first property/new PM, don’t take the PM’s word for a fact, especially if there is some info you feel they are not providing… I had a PM who claimed they got no HUD payment for a given month.
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1 April 2024 | 10 replies
I don't claim to have a crystal ball to give a time frame, but I think in the next 7 years we should experience a better market (at least to some degree), giving you a chance to refinance into lower rates if you wish.No point in locking in a 30-year fixed when the rates aren't incredible to begin with.
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31 March 2024 | 3 replies
If that were the case, you could claim a $100k loss in your purchase.
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31 March 2024 | 8 replies
If after appropriate investigation, it appears to such officer that the proceeds from the sale of the property would be insufficient to wholly or partly satisfy the lien of the United States, or that the claim of the United States has been satisfied or by lapse of time or otherwise has become unenforceable, such officer may issue a certificate releasing the property from such lien"Locate the "officer charged with the administration of the laws in respect of which the lien of the United States arises" from the lien (a sample is provided here for the property I was researching - Assistant US Attorney Erin Secord) and contact him/her in advance to find out what information they would require from you if you win the bid.
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1 April 2024 | 22 replies
Then they are required to answer whether this is a service animal, or an emotional support animal.The vast majority of people who lie about the status of their animals, claim that it is a service animal since that typically confers the most rights to the animal.
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2 April 2024 | 59 replies
I actually deleted the end of my post about the potential of filing a frivolous claim and facing sanctions and/or discipline, then having client sued and later facing a malpractice claim... but lol yes you and I are on the same page.