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26 December 2015 | 43 replies
In addition, 12 C.F.R. 591.2 states the due-on-sale clause is triggered by:“...transfers of real property subject to a real property loan by assumptions, installment land sales contracts, wraparound loans, contracts for deed, transfers subject to the mortgage or similar lien, and other like transfers.”A great many exceedingly ignorant investors think that all you have to do to get around a due-on-"sale" clause is a transaction that is not a "sale" per se.
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8 June 2014 | 6 replies
There is no contract, per se, since the deal is secured by a deed of trust.
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2 August 2021 | 2 replies
On a 4-6 week general cycle here in SE MI, kind of the same it has always been.
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24 May 2023 | 33 replies
Nao sei se eu posso escever em Portugese aqui :).
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19 January 2017 | 19 replies
In one year, my credit score went from 551 to 768.Ok, let me re-iterate since this thread has been bumped ...D O N O T U S E L E X I N G T O N L A W !
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26 December 2017 | 10 replies
Similarly, qualified business income does not include any guaranteed payment for services rendered with respect to the trade or business, and to the extent provided in regulations, does not include any amount paid or incurred by a partnership to a partner who is acting other than in his or her capacity as a partner for services.The intention appears to be to count only K1 "dividend" income and exclude all income subject to SE tax - like reasonable salary under S-corp and guaranteed payments under PShip.
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5 January 2019 | 114 replies
DOM is longer and 5-7% price drops more frequent, but not a buyers market yet per se.
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6 April 2023 | 19 replies
Someone worth 2.5 million and most money came from a large event and not from job or business per se buying a 2 million center and having limited knowledge can really have a major loss not knowing what they are doing.
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21 September 2020 | 31 replies
Most common answers I get:1) ANY place besides City of Portland which is much more draconian than state laws2) Vancouver (which is inflating 50% faster than Portland).3) Spokane/Boise are the new darlings, but it's getting crazy.4) Phoenix, but seems like you really need to know that market to avoid blackholes5) Larger guys like SE USA (NC/SC, GA and FL) for growth potential.
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31 October 2016 | 11 replies
Andy’s IRC 415 limit is based on 20% of the combined income of $10,000($100,000 – $90,000), less the ½ self-employment (SE) tax.