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Results (5,635+)
Tony C. Part Time RE Agent to RE Broker
7 August 2016 | 3 replies
Here's the relevant section from the GREC website.All associate broker and broker applicants must have been licensed on active status for a minimum of three of the previous five years before they can be licensed.If you have been actively licensed in Georgia for at least three years and you are enrolled in a Broker's Prelicense Course at a school approved by the Commission, your license history will be verified by the Commission at the time the school transmits your electronic application.If you have ever held a real estate license in a state other than Georgia, or if you are not fulfilling your prelicense education requirements by taking a Broker's Prelicense Course at a school approved by the Commission, you MUST attach a certification of your license history from the state in which you met the education, examination and experience requirements for licensure with your application.
Joshua Feit Rooming house investing // jitters
27 September 2017 | 8 replies
I don't know electricity rates in your area, but I think for 8 adults with their own electronics plugged in, $200 would be more realistic.Sounds like a good deal though!
Andy R. Applying for mortgage - What paper work should I prepare and how?
12 May 2016 | 4 replies
For a residential property, it's all about your ability to carry the loan.After you have started a financing application with a lender, they will ask for other information such a letter from your insurer indicating you have coverage and they are the {primary} named insured.As far as how to provide all of this to the lender, we normally provided electronic copies on an encrypted usb stick/thumb drive and then provide the agent with the decryption key out of band.
Mark Welp Collecting Rent on Section 8 Tenants
22 August 2016 | 5 replies
Some Section 8 might not have internet or computers, so electronic rent pay may not work for them.  
Ramsey Blankenship BRRRR In Panama City multi-family HUGE success!!
23 August 2017 | 15 replies
Unit 3 had a hoarder who was peddling used bike parts and dumpster dove electronics from his back yard.The tenants in Unit 4 were dealing drugs to the tenant in Unit 1.
Frank Glenn 56 with 300k locked up in 401k
16 August 2017 | 11 replies
Following are the similarities and differences between the solo 401k and the self-directed IRA.The Self-Directed IRA and Solo 401k SimilaritiesBoth 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; andBoth are prohibited from investing in assets listed under I.R.C. 408(m).The 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 (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 2017, the solo 401k contribution limit is $54,000, 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.)
Phil Savio New management co. changeover tenant introduction letter
17 January 2020 | 2 replies
I let mine know that their rent is going to be collected electronically from now on.
Dylan B. Inheriting tenants on multi-family purchase
17 August 2017 | 9 replies
These days with electronic payments, rents will continue to the seller until it's stopped. 
Joe Dijamco Document Storage Fees and more
27 June 2017 | 1 reply
Name of Realty Document Storage Fee $4XX.00 - for storing my physical and electronic documents?  
Miya Scott Real Estate Agent vs. For Sale By Owner
30 June 2017 | 10 replies
And if they say they can net you $x, hold them to it in the listing agreement.My opinion is that a good agent is a non-negotiable cost in the transaction, like paying a fee to record your deed electronically or other title fees.