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20 September 2021 | 11 replies
Before you do anything drastic like moving assets into an LLC or start paying off things do a "whatif scenario" through one of the bureaus or a "wayfinder" scenario that tells you specifically what you need to do to bump your score on each bureau.
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15 September 2021 | 0 replies
Hi, I'm seriously looking to became a property Investor, with small flats or condos, basicly fix them and flip them with a quick return.I am trying to find funds in order to finance this enterprise, willing to select one by one property and sell, then move on to next one.My question is anybody in the community could suggest the best option for financing these quick investments?
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20 September 2021 | 7 replies
Now my credit score fell to 665 at Equifax where my other bureau scores are over 800.
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17 September 2021 | 0 replies
Apart from the Census Bureau, where else should I look for data?
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21 September 2021 | 2 replies
Word of warning with #2 - many credit unions only report to 1 credit Bureau.
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31 October 2021 | 16 replies
—Subsection (a) of section 408, as21 amended by the preceding provisions of this Act, is amend22 ed by adding at the end the following new paragraph:23 ‘‘(8) No part of the trust funds will be invested24 in a corporation, partnership or other unincor25 porated enterprise, or trust or estate if—Pg. 6941 ‘‘(A) in the case of an entity with respect2 to which interests described in clause (i), (ii), or3 (iii) are not readily tradable on an securities4 market, 10 percent or more of—5 ‘‘(i) the combined voting power of all6 classes of stock entitled to vote or the total7 value of shares of all classes of stock of8 such corporation,9 ‘‘(ii) the capital interest or profits in10 terest of such partnership or enterprise, or11 ‘‘(iii) the beneficial interest of such12 trust or estate,13 is owned (directly or indirectly) or held by the14 individual on whose behalf the trust is main15 tained, or16 ‘‘(B) the individual on whose behalf the17 trust is maintained is an officer or director (or18 an individual having powers or responsibilities19 similar to officers or directors) of such corpora20 tion, partnership, or other unincorporated en21 terprise.22 For purposes of subparagraph (A), the constructive23 ownership rules of paragraphs (4) and (5) of section24 4975(e) shall apply, and any asset or interest heldPage 6951 by the trust shall be treated as held by the indi2 vidual described in such subparagraph.’’.
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29 November 2021 | 21 replies
Census Bureau.
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1 December 2021 | 3 replies
., (1964) 42 TC 1067.The Supreme Court has explained that the distinction between co-owners of property and partners depends on whether they intend to and, in fact, join together for the present conduct of an undertaking or enterprise-The following factors are often cited as evidence of this intent:The agreement of the parties and their conduct in executing its terms;The contributions, if any, that each party makes to the venture;Control over income and capital and the right of each party to make withdrawals;Whether the parties are co-proprietors who share in net profits and have an obligation to share losses;Whether business was conducted in the joint names of the parties;Whether the parties held themselves out as joint venturers; andWhether separate books of account were maintained for the venture.The court held that the co-ownership arrangement constituted a partnership for federal tax purposes.
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25 November 2021 | 1 reply
*Still using 2019 mortgage numbers, Census Bureau hasn't updated to 2020 yet.
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27 November 2021 | 5 replies
HELOC lenders tend to only look at one bureau, especially Experian in my experience.Have you considered changing your refi to a 30yr?