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20 April 2014 | 10 replies
Loaning money to any individual is not an acceptable investment.Folks have assumed you want to borrow from what I read, you said invest, you might be a stock broker, I have no idea what the plan is or was.Non-profits may invest so long as the investment meets legal restrictions.State law dictates, in the absence of state law, it becomes prudent judgment and the board of directors could become liable if grossly negligent, N/P boards are held in a pretty protect position, more so than a for profit entity, so the threshold of negligence can be pretty high.Prudent would be FDIC insured accounts or SIP, municipal bonds rated A or better, no stocks, no corporate bonds, government fed fund accounts or T-Bills, but this requires more money than we have here.N/Ps may not hold excess funds like a for profit, the funds held must be justified as to the need of meeting the stated mission.
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27 April 2014 | 2 replies
This is what the fannie mae selling guide says about foreign income. and you can direct the loan officer to page 356 of the 2014 selling guide to reference this material.Foreign IncomeForeign income is income that is earned by a borrower who is employed by a foreign corporation or a foreign government and is paid in foreign currency.
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30 April 2014 | 13 replies
I went to college, got a J-O-B in my field and worked my way up the corporate ladder.
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6 May 2014 | 15 replies
From what I've read about these types of areas in North Dakota is that there is a both a lot of contracted workers (potential tenants) and corporate transfers (people whose job situation may change in a few years, or may have bought and then need to sell fast due to income or job changes).Best of luck!
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19 May 2014 | 16 replies
.- I plan to advertise it as you did, "European style wood floors"- love it!
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11 May 2014 | 3 replies
If I chose to be taxed as an individual instead of a corporation (have my profit/loss flow through my personal tax return) will I still have the same protection as I would if I were taxed as a corporation?
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23 February 2016 | 19 replies
Hey everybody, I have corporate rentals and I need an affordable solution just to display pictures and amenities with a webform that enables prospects to enter relevant info.
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27 September 2011 | 4 replies
Here I can for my apartment buildings get a landlord power agreement where if a tenant is leaving it is transferred into my corporations name.At first glance this sounded appealing.Then I found out reasons to not do it.1.Some tenants will say they are moving and then have power transferred into landlords name.Then landlord gets hit with 1 to 2 months worth of power bills.2.While evicting or for other reasons if power is transferred into the landlords name and landlord finds out and has the power turned off the power representative was telling me the tenant can say the landlord cut off the power and it will be turned back on according to the law.For all these reasons I decided not to have the landlord power company agreement.Instead each time I get power on in my name or companies name I pay a 30 dollar fee with the agreement.I figure I come out way ahead this way while I am rehabbing a unit.In some buildings I am rehabbing multiple units.So I just pay to get one vacant unit turned on and run and extension cord to work on the others.This way I save from paying multiple fees.I can use an outside plug at a tenants instead of paying for one unit to power on but the existing tenants have complained running the tools makes their power bill go up.So to avoid drama I just do it this way.Just wondering what others did ?
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30 September 2011 | 9 replies
See Table 3, Ineligibility Matrix, which says Borrowers that are corporations, partnerships, syndications, or irrevocable trusts....
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25 November 2011 | 20 replies
Why not just go triple net and buy a commercial property with a corporate guarantee??