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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.
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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!
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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.
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22 August 2016 | 5 replies
Some Section 8 might not have internet or computers, so electronic rent pay may not work for them.
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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.
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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.)
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17 January 2020 | 2 replies
I let mine know that their rent is going to be collected electronically from now on.
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17 August 2017 | 9 replies
These days with electronic payments, rents will continue to the seller until it's stopped.
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27 June 2017 | 1 reply
Name of Realty Document Storage Fee $4XX.00 - for storing my physical and electronic documents?
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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.