Sam Abe
Leasing Company not disclosing information
14 February 2024 | 3 replies
This law prohibits an institution from disclosing a consumer’s nonpublic personal information like Social Security numbers, income, and outstanding debt to companies that are not related to the institution.https://www.ftc.gov/business-g...https://www.ftc.gov/business-g...Also, most credit agency contracts do not allow their clients to share info with 3rd parties.
Jeremy Porter
HOA Fines Unveiled: Exploring Common Charges and Guidelines
14 February 2024 | 0 replies
Pay special attention to sections that outline prohibited actions, architectural guidelines, and the process for submitting requests or complaints.HOAs may update their rules or adopt new resolutions.
Alex Sinunu
Challenges with Second Trust Deed
13 February 2024 | 11 replies
Less likely that a larger bank would take notice even if they have a provision prohibiting junior liens, as many of them do.
Andrew Erickson
China Built Backyard Homes (SoCal)
15 February 2024 | 43 replies
That additional big ticket item might be price prohibitive for people trying to enter the market, but on a spreadsheet it would pencil out to an additional $1200 a month in net income.
Jerry Sanders
San Antonio Airbnb
13 February 2024 | 25 replies
Once the density limits are reached, prospective short-term rental operators can ask for an exception from the Board of Adjustments.The new law also prohibits short-term rentals from being used for large events or for hosts to provide food and beverages to guests.
Karen Bruck
Can I use a 1031 exchange to buy siblings part of inherited home
11 February 2024 | 6 replies
It is not prohibited by statute.
Aaron Rosenberg
Massive losses, no deduction. Can a CPA please say it ain't so?
11 February 2024 | 12 replies
It is strictly prohibited by BiggerPockets rules, we cannot offer our services, publicly or privately (although some people break these rules, but it's up to them).
Limor Hanannia
self-directed IRA loans
10 February 2024 | 13 replies
You as the plan fiduciary can borrow up to 50k or 50% whichever is less and use it for virtually any purpose including what would normally be a prohibited transaction.
Johnell Jones
Using 401K to purchase first property
9 February 2024 | 5 replies
That is a prohibited transaction and would cause your IRA to blow-up.
Tina Wang
low cost SDIRA (self directed IRA) company recommendation
8 February 2024 | 10 replies
Unless someone is very comfortable with all the rules regarding SDIRAs and prohibited transactions, we don't recommend these types of entities.We have never had any complaints from our clients who hold real estate directly that there are too many delays or too many fees.