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9 January 2021 | 4 replies
Here are my notes from the conversation I had with them.Rentals are taxed as businesses in Bethlehem, even if they are individually owned (i.e. not in an LLC).Currently the tax is $1.50 per $1000 of income.The tax is due by May 1st and is administered by Tri-State Financial Group.The fee for registration is $25 per parcel, not per unit.
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8 May 2019 | 6 replies
For Triple Net Leases, how are the net charges generally handled/administered?
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6 May 2019 | 8 replies
But once you're over the first hurdle - selecting the QI to work with - all the rest should all into place easily.The qualified intermediary or QI is the required unrelated 3rd party whose only role is to administer the 1031 exchange correctly for you, handle the transfer of proceeds between closings, and be your guide through the process.
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13 May 2019 | 5 replies
@Devon CornwallYou will need to find an attorney who practices corporate/securities law.Aside from the normal securities and instruments, a registered account (RSPs, RIFS, TFSAs, etc) can hold a note associated with an arms-length mortgage, though there are only a handful of trustees in the country who will still administer arms-length mortgages {This is not to be confused with a non arms-length mortgage on your primary residence which is also permitted ... but seldom a wise thing to do}.
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13 May 2019 | 7 replies
Some custodians will not administer this type of investment due to the risk of engaging in a self-dealing prohibited transaction.
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21 May 2019 | 24 replies
Section 8 is a federal program but it’s administered by the states so I guess requirements vary somewhat.
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24 June 2019 | 2 replies
This individual ensures the pour over will is probated and the terms of the pour over will are administered according to the Client's wishes (which will be to transfer the property to the trustee).The Executor and/or Personal Representative has the least amount of power in regards to all other Estate Planning documents.
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21 August 2019 | 4 replies
All IRA based plans are required to have a custodian to administer and report on the account.
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23 August 2019 | 5 replies
Those activities just cannot intersect in any way with your IRA's investments in real estate.A LLC under the IRA is not required, but is generally a much more efficient tool for holding assets like real estate that generate a frequency of transactions or anything time-sensitive in nature.You can in a limited sense administer a plan held property; executing contracts, paying for expenses and receiving income into the plan.
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29 May 2011 | 13 replies
It really is very easy to do I just gave David some ideas in how we use LT to gain more advantages for all parties thus creative investing.Typically when these entities are setup they are in autopilot and all you do is get your check from the trustee each month..Insurance is something else entirely and yes that goes without saying a good policy is needed.You need to protect the title from the lawsuit that hits you so you need good insurance and a LT IMHO to stop any charging order or threats to the property.It is also nice to not have your name on the county records so you are off the radar screen.I just went into detail to give examples of how you can remotely administer a property via your designated trustee very simple to sign off on one letter..??