Kin Lay
Game: Lower taxable income through real estate investing?
30 May 2017 | 6 replies
The required education must serve a bona fide business purpose of your employer.The education maintains or improves skills needed in your present work.However, even if the education meets one or both of the above tests, it isn't qualifying work-related education if it: Is needed to meet the minimum educational requirements of your present trade or business, orIs part of a program of study that will qualify you for a new trade or business.You can deduct the costs of qualifying work-related education as a business expense even if the education could lead to a degree.Maybe instead of saying to find an additional part-time job, I change my argument to just this coding bootcamp will helps me gain technical knowledge on how to implement the robotic automation in the company by understanding how to talk to the technology team on technical issue and understand what they are doing.
Shelby Robinson
Results as promised!
26 March 2015 | 17 replies
Definitely not an expert but I have a good understanding of what it takes to become a bona-fide wholesaler.
Gregg Barney
Investor, rehabb from RI
13 March 2019 | 22 replies
I could fill books on all the deals that fell apart or "almost" happened.And finally you have to be pretty disciplined to be able to tell a deal from a non-deal, and after sifting through many lumps of coal, to resist the temptation to fudge the #s and try to make a non-deal into a deal when it really isn't one.I would recommend networking with other local investors especially at a local real estate group here in Rhode Island or southern Mass, especially those who have any experience wholesaling, and of course also anyone who might be a bona fide cash buyer :)
Alex Tobias
Fair Housing Laws & Gender Specific Roommates/Attached Apartments
14 February 2018 | 8 replies
It says"To refuse to sell or rent after the making of a bona fide offer, or to refuse to negotiate for the sale or rental of, or otherwise make unavailable or deny, a dwelling to any person because of race, color, religion, sex, familial status, or national origin."
William H.
Selling my house. buyer wants me to carry a note. Help me out
11 April 2017 | 32 replies
Rather, it merely requires the owner, when and if it decides to sell, to offer the property first to the holder, usually at the price and on the other terms and conditions set forth in the third party’s bona fide offer.50 However, as noted above, the right “ripens” into an option upon notice to the holder of the grantor’s receipt of a bona fide offer and decision to accept it.Fixed-price first-refusal rights often are unreasonable restraints on alienation.
Sandra S.
A bit complicated - 1031 exchange ideas needed
1 July 2016 | 14 replies
I was told it might work as far as the exchange, I could buy land as a replacement that I have rented from the owner....but we have to be very careful that it's a bona fide lease and not a purchase disguised as a lease... thoughts?
Frank S.
How Should I Seller Finance To Tenant
3 May 2016 | 12 replies
A bona fide subsequent purchaser for value who relies upon the affidavit under this subsection shall take title free and clear of the contract.Applicability Note [see section 3(b) of SB 198]:The changes in law made by § 5.063 apply only to a purchaser who defaults on or after September 1, 2001, regardless of when the contract was entered into.
Mike Landry
LLC? Should I put realtor wife as member?
11 August 2016 | 7 replies
You can have a business dinner with your realtor, just write on back of receipt what was discussed and keep in your records.2- the whole single member vs. multi member LLC for liability protection is way overblown, one of my LLCs was sued on a dog bite, as long as it's a bona fide business interest your fine.3- you can put her on checking account even if she's not a member, and could give her limited power of attorney if she had to sign for a closing.Hope this helps good luck
Patsy Waldron
Tenancy in a Foreclosure-- what are probable scenarios?
31 May 2018 | 10 replies
Considering it's been in foreclosure since 2016, I'm confident "Principle Balance" and "Payoff Amount" are worlds apart.Also, while 90 days is the norm after the foreclosure before you have to move out, you would not be considered a bona fide tenant considering your rent would be below market value.
Danny Day
Fannie Mae 120% Financing Clause
11 January 2012 | 17 replies
Here's the language:"Grantee herein shall be prohibited from conveying captioned property to a bona-fide purchaser for value for a sales price of greater than 120% of the purchase price for a period of 3 months from the date of this deed.