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27 December 2016 | 1 reply
Even though it was literally just a small fire contained in the oven, damage cost of $20k, (restoration scam is a topic for another thread).But if tenant doesn't have that, your insurance company will squarely look at you to foot the bill, for a "small accident"
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27 December 2016 | 2 replies
A loan with a 40% down payment makes your SDIRA dollars one-half as powerful as a loan with a 20% down payment.To avoid the non-recourse requirement, the thought occurred to me, that a pair of SDIRA owners -- Owner A and Owner B -- could make a reciprocal agreement: that Owner A could cause his/her SDIRA to make a loan to Owner B as an individual, with Owner B likewise causing his/her SDIRA to make a loan toOwner A, in the same amount, with the same rate and the same monthly payments.
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30 December 2016 | 8 replies
Hi @Kathryn Bogart, You need to make sure that you have your Qualified Intermediary in place BEFORE any closings occur.
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2 January 2017 | 6 replies
I had an accident a few years ago and can still not walk and she has been supporting me ever since as well as our daughter who is now in college.Just do anything you would both of you would enjoy.
3 January 2017 | 6 replies
Your sale qualifies for exclusion of $250,000 gain ($500,000 if married filing jointly) if the following is true:You owned the home and used it as your main home during at least 2 of the last 5 years before the date of sale.You did not acquire the home through a like-kind exchange (also known as a 1031 exchange), during the past 5 years.You did not claim any exclusion for the sale of a home that occurred during a 2-year period ending on the date of the sale of the home, the gain from which you now want to exclude.
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3 March 2021 | 58 replies
actually, the water company is not allowed to put a lien on the property, if the owner didn't have control of the property during the time that the water usage occurred.
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4 January 2017 | 2 replies
This process appears to have stalled over two months, with no sign of when it will complete, expenses adding up, and an ansy seller.Is there any common or practical mechanism via which a cash closing can occur, and loan funds be applied afterwards in some way?
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15 January 2017 | 6 replies
You could make it an automatic increase or make the increase dependent on certain other events occurring.
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14 January 2017 | 9 replies
Having 3-6 months of bills saved up means if something unexpected occurs then you have the plan to handle it.
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7 January 2017 | 16 replies
Sorry that this occurred but hopefully you know what to expect in the future.