
5 October 2015 | 15 replies
-Bob Repass, Managing Director of Colonial Funding Group The Seller Finance Regulation Reduction Act would exempt any person, who has less than $2,000,000,000 in assets and originates less than 2,000 residential mortgage loans a year with respect to property that is owned by the person, from the SAFE Mortgage Licensing Act of 2008.

12 November 2018 | 13 replies
This case is concerned with equipment leases, personal property not real property under Uniform Lawhttp://www.irs.gov/irb/2014-8_IRB/ar04.html Covers partnership liability with respect to disguised sales, you can also see the interpretation and reasoning as applicable to any buyer/entity. http://www.ccim.com/cire-magazine/articles/lease-o...Brian, IMO, 1 & 2 above are not applicable, this is a Master Lease of an apartment complex, there is no fair market rent that a Realtor (generally) can identify, there is no "market". #3.

7 October 2015 | 1 reply
I would carefully review what the compliance issues are for the balance of the term with respect to the operations.

8 October 2015 | 2 replies
Most of my business is with buyers and sellers of primary resident homes.The company I work for is family owned and locally respected.

8 October 2015 | 6 replies
Here are exemptions to Due on Sale(d) Exemption of specified transfers or dispositions With respect to a real property loan secured by a lien on residential real property containing less than five dwelling units, including a lien on the stock allocated to a dwelling unit in a cooperative housing corporation, or on a residential manufactured home, a lender may not exercise its option pursuant to a due-on-sale clause upon— (1) the creation of a lien or other encumbrance subordinate to the lender’s security instrument which does not relate to a transfer of rights of occupancy in the property; (2) the creation of a purchase money security interest for household appliances; (3) a transfer by devise, descent, or operation of law on the death of a joint tenant or tenant by the entirety; (4) the granting of a leasehold interest of three years or less not containing an option to purchase; (5) a transfer to a relative resulting from the death of a borrower; (6) a transfer where the spouse or children of the borrower become an owner of the property; (7) a transfer resulting from a decree of a dissolution of marriage, legal separation agreement, or from an incidental property settlement agreement, by which the spouse of the borrower becomes an owner of the property; (8) a transfer into an inter vivos trust in which the borrower is and remains a beneficiary and which does not relate to a transfer of rights of occupancy in the property; or (9) any other transfer or disposition described in regulations prescribed by the Federal Home Loan Bank Board.

8 October 2015 | 0 replies
I've been doing this on Craigslist but have been told by those that I respect that I may not be attracting or receiving the best of candidates for my homes.I don't know.

8 October 2015 | 7 replies
Or do I talk to the tenant and ask her to please respect the neighbors property and leave things be?

9 October 2015 | 3 replies
Regardless of that, I will not give up and I strive to be someone who one day is respected and sought for advice and knowledge among the great walls of biggerpockets.

10 October 2015 | 8 replies
You will need an attorney in NC and FL respectively for those states transactions.Good luck with your other proposed purchases and welcome to landlording from near and far.
13 October 2015 | 21 replies
If you're confident and knowledgeable, people will respect that you've gotten as far as you have at your age, and it won't be a major drawback.