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Results (773)
Jason Kern Tax Defferred until 2026?
3 October 2018 | 2 replies
The gist is this: Anyone who wants to diversify from the stock market into real estate can do so with a syndication that invests in real estate within prescribed (according to census data) Qualified Opportunity Zones while deferring the capital gains tax hit for several years.
Sam Kwak 24 Unit Apartment - Owner Financing
15 November 2018 | 5 replies
@Steve Vaughan, Understanding that you're in a Deed of Trust/Non-judiciary state, this may be different and as you know, attorneys would prescribe different methods of doing this.But the whole reason why a Warranty Deed was not given by the seller is due to the fact that doing this way will defer the taxes that the seller had to pay.
Ed Potter Wholesaling in Michigan - Legality
29 May 2022 | 19 replies
Some states do provide such an exemption, but Michigan--as you can see from the statutes--requires that a person carry a real estate license, even if they do not “represent” third parties, if they meet the prescribed licensing threshold.As can be seen, Michigan’s licensing statute and definition of “real estate broker” do not directly address wholesaling; however, if you engage in the sale of real estate (or interests in real estate), the State of Michigan could find licensing is required.Although enforcement action against those only selling their own real estate or wholesalers is not prevalent, if you actively engage in the sale of real estate as your principal vocation--whether as a wholesale or otherwise--you should consider seeking a license.Final thought: If you are considering wholesaling in another state, keep in mind that each state has slightly different licensing rules for real estate professionals.
Satyam Mistry HOA Restricting Rentals
22 May 2020 | 9 replies
By the Association allowing properties to be rented outside of the prescribed method contained within the bylaws, they have set a de facto policy that a good lawyer could demonstrate was legal.
Ade O. The evolution of Short sales!!!
18 February 2013 | 21 replies
Ade: A lender is not required to do anything other than answer the demand for payment as prescribed by law.
Jonathan Ramos Assignable Contract?
29 September 2008 | 18 replies
You would use an Assignment of Contract to pass along your rights to purchase the house under the prescribed terms of the original Purchase & Sales Agreement (PSA) .
Robert T. Lease Purchase contract
18 February 2016 | 19 replies
See Garn St Germain"A lender may not exercise its option pursuant to a due-on-sale clause upon--, (1) the creation of a lien or other encumbrance subordinate to the lender's security instrument which does not relate to a transfer of rights of occupancy in the property; (2) the creation of a purchase money security interest for household appliances; (3) a transfer by devise, descent, or operation of law on the death of a joint tenant or tenant by the entirety; (4) the granting of a leasehold interest of three years or less not containing an option to purchase; (5) a transfer to a relative resulting from the death of a borrower; (6) a transfer where the spouse or children of the borrower become an owner of the property; (7) a transfer resulting from a decree of a dissolution of marriage, legal separation agreement, or from an incidental property settlement agreement, by which the spouse of the borrower becomes an owner of the property; (8) a transfer into an inter vivos trust in which the borrower is and remains a beneficiary and which does not relate to a transfer of rights of occupancy in the property; or (9) any other transfer or disposition described in regulations prescribed by the Federal Home Loan Bank Board.
Sean Tracey Considering self managing a rental over an hour and a half away
9 May 2016 | 35 replies
Doctors are literally seeing people via phones and tablets nowadays, even prescribing medicine.
Miles Stanley Valuing a 4-plex im considering purchasing
1 November 2016 | 19 replies
@Miles StanleyIn this forum, you will find that the experienced investors prescribe the use of sales comparables in valuing SFR, 2 to 4 plexes.
Jon Graham Home inspection Horror stories
12 February 2017 | 5 replies
As a home inspector I never prescribe repairs and I call what I see no matter who hired me.