Ted Akers
Short Sales - Encouraged by Treasury
10 December 2009 | 7 replies
.- No foreclosure may commence during the marketing period allowed above.- Servicers may not lower agent commissions after an offer is received.- Standardized paperwork- Servicers may not charge borrowers fees to participate.- the Short Sale Must Fully Discharge the borrower !!!!
Phillip Gainey
It will happen in 2012
1 September 2011 | 15 replies
They will rent to "sleeper" zombies (also placed here by aliens) who will commence to eat walls and electric wiring of properties.Horrified, rental property owners will dump millions of properties onto an already depressed market.
Chris Kinder
Buying an NPN with equity at the property level
12 December 2011 | 4 replies
Our conservative estimate is a stabilized fee simple value of $450-500k.The borrower ceased payment in sept '10 and a foreclosure commenced April '11.
Jason Mak
Question regarding lis pendens and 2nd 3rd loans
2 March 2012 | 16 replies
For instance a mechanics lien would file Lis Pendens but you would see a notice of commencement for work that opened but didn't close because they didn't pay, thus they are proclaiming their suit against the property for the work.
N/A N/A
I'm making business cards? What to choose for job title?
14 September 2007 | 8 replies
You can do that.Have a clear font, and skip the bad clipart...you'll be taken more seriously.
Faustin Hoover
New landlord help how to find or make a lease
16 March 2021 | 6 replies
You have to include in your letter the date of commencement and the estimated date of completion.
Albert Hepp
Tenant in Bankruptcy, can I DIY (Do It Yourself) and get paid?
10 November 2015 | 2 replies
The "Other Provisions" of the plan says " Debtor shall commence their monthly rent beginning 12/1/2015" which I interpret as full rent will be paid going forward.The Bankruptcy form is a little confusing, in the standard explanations section it says "To be paid, you must file a Proof of Claim even if your claim is listed in the schedules filed by the debtor."
Morgan Wallace
Help getting the ball rolling for apartment deal
9 July 2019 | 7 replies
I am assuming once demo commences I'm looking at a year for construction.
Joe Baker
IRA
21 August 2019 | 19 replies
@Joe BakerGood question.Following are the similarities and differences between the solo 401k and the self-directed IRA.The Self-Directed IRA and Solo 401k Similarities Both were created by congress for individuals to save for retirement;Both may be invested in alternative investments such as real estate, precious metals tax liens, promissory notes, private company shares, and stocks and mutual funds, to name a few;Both allow for Roth contributions;Both are subject to prohibited transaction rules;Both are subject to federal taxes at time of distribution;Both allow for checkbook control for placing alternative investments;Both may be invested in annuities;Both are protected from creditors;Both allow for nondeductible contributions;Both are prohibited from investing in assets listed under I.R.C. 408(m); andThe Self-Directed IRA and Solo 401k DifferencesIn order to open a solo 401k, self-employment, whether on a part-time or full-time basis, is required;To open a self-directed IRA, self-employment income is not required;In order to gain IRA checkbook control over the self-directed IRA funds, a limited liability company (CHECKBOOK IRA LLC) must be utilized;The solo 401k allows for checkbook control from the onset;The solo 401k allows for personal loan known as a solo 401k loan;It is prohibited to borrow from your IRA;The Solo 401k may be invested in life insurance;The self-directed IRA may not be invested in life insurance;The solo 401k allow for high contribution amounts (for 2016; the solo 401k contribution limit is $53,000, whereas the self-directed IRA contribution limit is $5,500);The solo 401k business owner can serve as trustee of the solo 401k;The self-directed IRA participant/owner may not serve as trustee or custodian of her IRA; instead, a trust company or bank institution is required;When distributions commence from the solo 401k a mandatory 20% of federal taxes must be withheld from each distribution and submitted electronically to the IRS by the 15th of the month following the date of each distribution;Rollovers and/or transfers from IRAs or qualified plans (e.g., former employer 401k) to a solo 401k are not reported on Form 5498, but rather on Form 5500-EZ, but only if the air market value of the solo 401k exceeds $250K as of the end of the plan year (generally 12/31);When funds are rolled over or transferred from an IRA or 401k to a self-directed IRA, the amount deposited into the self-directed IRA is reported on Form 5498 by the receiving self-directed IRA custodian by May of the year following the rollover/transfer.Rollovers (provided the 60 day rollover window is satisfied) from an IRA to a Solo 401k or self-directed IRA are reported on lines 15a and 15b of Form 1040;Pre-tax IRA contributions on reported on line 32 of Form 1040;Pre-tax solo 401k contributions are reported on line 28 of Form 1040;Roth solo 401k funds are subject to RMDs;A Roth 401k may be transferred to a Roth IRA (Note that from a planning perspective, it may be advantageous to transfer Roth Solo 401k funds to a Roth IRA before turning age 70 ½ in order to escape the Roth RMD requirement applicable to Roth 401k contributions including Roth Solo 401k contributions and earnings.)
Ro Maga
Single house CA rent & eviction control EXEMPTION NOTICE sample
29 January 2020 | 4 replies
Doesnt hurt to have it now but not needed until later as "tenancy commenced or renewed on or after July 1, 2020, the notice required under clause (i) must be provided in the rental agreement."