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Results (5,674+)
Jeremiah H. Do you use a Land Trust and why?
22 May 2016 | 15 replies
There are two kinds of trusts and two types of assets a trust has;Trust Types:A) Revocable Trust, you can modify it or revoke it prior to deathB) Irrevocable Trust; you're stuck with it.Assets:A) The "corpus" (AKA the secured property)B) The rents and interests from the corpusThere are a few parties to a trust;A) The settlor, the dude who sets it up.B) The trustees, the dudes who are supposed to manage it.C) The beneficiaries, the dudelings who gets the benefit of the trust.Trust litigation can go a few different ways;A) The trust could be declared fraudulent and the court could pretend as if the trust never existed.
Fred Ruckus How long does it take to screen potential tenant?
24 October 2013 | 19 replies
But we insist on a completed application and do our due diligence to verify the info.My process generally takes about 2 days, and includes:Research I can do quickly and for free:Verify that pets and number of people fits standards for the unit.Verify that income is high enough to support the rent.Verify whether self declared criminal record, evictions, or bankruptcies clash with our standards.
Jamie Brasseal Default on Private Loan
15 October 2023 | 7 replies
you should try to get them to agree to a deed in lieu it is much faster and a lot of banks do this and pay people to move out or relocate because they know 2k right now is cheaper than 5-10k to foreclose and more than 1 year sometimes. hell I had a foreclosure personally that the bank took 2 years on because it was tied up in bankruptcy court and they are protected if they declare 
Alex Todd 1031 Scenario - clarification
9 January 2024 | 5 replies
.- 1031 a rental property and follow rules for new investment (like kind, equal/greater value, price point, etc) - Rent for X time (to prove intent) - Move into same property and declare as primary residence at +24month mark to fulfill requirement Two questions :- At the time of declaration, do you then pay Cap gains tax on original sale or are they still kicked down the road?
Moises Ulloa Appellate Division overruled foreclosure tax law
10 January 2024 | 9 replies
A declaration that New Jersey Tax Sale Law, N.J.S.A. §54:5-86, is unconstitutional;g.
Alex Odom Loss of Rent Insurance when property is vacant??
18 January 2024 | 3 replies
Check your policy declarations
Matt B. Why is everyone against paying for a seminar?
4 February 2014 | 186 replies
Anyone with enough of an ego can declare themselves an expert or get a few others to refer to them as experts.The old adage of those who can't do teach is alive and well in RE.As to BP, I'm not sure there could be very much, if anything, that could be explained in a seminar that can't be explained on BP.
Hoa Nguyen How to avoid DUE ON SALE when seeking owner financing?
14 February 2022 | 14 replies
In 1976, the Board became concerned about the increasing controversy as to the authority of a federal savings and loan association to exercise a "due-on-sale" clause - a contractual provision that permits the lender to declare the entire balance of a loan immediately due and payable if the property securing the loan is sold or otherwise transferred. 2 Specifically, [458 U.S. 141, 146] the Board felt that restrictions on a savings and loan's ability to accelerate a loan upon transfer of the security would have a number of adverse effects: (1) that "the financial security and stability of Federal associations would be endangered if . . . the security property is transferred to a person whose ability to repay the loan and properly maintain the property is inadequate"; (2) that "elimination of the due on sale clause will cause a substantial reduction of the cash flow and net income of Federal associations, and that to offset such losses it is likely that the associations will be forced to charge higher interest rates and loan charges on home loans generally"; and (3) that "elimination of the due on sale clause will restrict and impair the ability of Federal associations to sell their home loans in the secondary mortgage market, by making such loans unsalable or causing them to be sold at reduced prices, thereby reducing the flow of new funds for residential loans, which otherwise would be available." 41 Fed.
Theresa Nguyen Forming a series LLC in Texas
30 August 2018 | 23 replies
They should handle your LLC registration, EIN application, and prepare an Operating Declaration for you for one fee.
Demon S Rogers Furnishing long distance rental
18 January 2023 | 15 replies
You can absolutely furnish less expensively buying quality used items, but this takes a lot more time and effort (and probably some muscle and a truck) than ordering all new online.