Carrie Smith
non-renewal notice
19 February 2013 | 4 replies
Typically the notice is due “30 days prior to commencement of pay-period”.
Jerry Skeens
Wanting to start now!!
28 April 2013 | 11 replies
When renewing my lease prior to commencing my last year of university, I convinced my landlord to strike a purchase option with me on the property.
James H.
First Deal Underway!
15 August 2011 | 15 replies
The wholesaler chewed the other investor out for trying to bully me out of the property (apparently not the first time she has dealt with the guy) and we commenced to agree on the deal.
Eliot M.
8 Contractor Interviews... 0 quotes
6 August 2016 | 36 replies
@Aaron McGinnisDepends where the property is located and whether there is already a stop work order in place that would prevent work from commencing.
Levi T.
How many deals did you do this year?
2 October 2016 | 27 replies
Following are the similarities and differences between the solo 401k and the self-directed IRA.The Self-Directed IRA and Solo 401k Similarities Both were created by congress for individuals to save for retirement;Both may be invested in alternative investments such as real estate, precious metals tax liens, promissory notes, private company shares, and stocks and mutual funds, to name a few;Both allow for Roth contributions;Both are subject to prohibited transaction rules;Both are subject to federal taxes at time of distribution;Both allow for checkbook control for placing alternative investments;Both may be invested in annuities;Both are protected from creditors;Both allow for nondeductible contributions; andBoth are prohibited from investing in assets listed under I.R.C. 408(m).The Self-Directed IRA and Solo 401k DifferencesIn order to open a solo 401k, self-employment, whether on a part-time or full-time basis, is required;To open a self-directed IRA, self-employment income is not required;In order to gain IRA checkbook control over the self-directed IRA funds, a limited liability company (IRAL LLC) must be utilized;The solo 401k allows for checkbook control from the onset;The solo 401k allows for personal loan known as a solo 401k loan;It is prohibited to borrow from your IRA;The Solo 401k may be invested in life insurance;The self-directed IRA may not be invested in life insurance;The solo 401k allow for high contribution amounts (for 2016; the solo 401k contribution limit is $53,000, whereas the self-directed IRA contribution limit is $5,500);The solo 401k business owner can serve as trustee of the solo 401k;The self-directed IRA participant/owner may not serve as trustee or custodian of her IRA; instead, a trust company or bank institution is required;When distributions commence from the solo 401k a mandatory 20% of federal taxes must be withheld from each distribution and submitted electronically to the IRS by the 15th of the month following the date of each distribution;Rollovers and/or transfers from IRAs or qualified plans (e.g., former employer 401k) to a solo 401k are not reported on Form 5498, but rather on Form 5500-EZ, but only if the air market value of the solo 401k exceeds $250K as of the end of the plan year (generally 12/31);When funds are rolled over or transferred from an IRA or 401k to a self-directed IRA, the amount deposited into the self-directed IRA is reported on Form 5498 by the receiving self-directed IRA custodian by May of the year following the rollover/transfer.Rollovers (provided the 60 day rollover window is satisfied) from an IRA to a Solo 401k or self-directed IRA are reported on lines 15a and 15b of Form 1040;Pre-tax IRA contributions on reported on line 32 of Form 1040;Pre-tax solo 401k contributions are reported on line 28 of Form 1040;Roth solo 401k funds are subject to RMDs;A Roth 401k may be transferred to a Roth IRA (Note that from a planning perspective, it may be advantageous to transfer Roth Solo 401k funds to a Roth IRA before turning age 70 ½ in order to escape the Roth RMD requirement applicable to Roth 401k contributions including Roth Solo 401k contributions and earnings.)
Guka Kagu
Tenants want to move in their things before the start date
16 November 2022 | 13 replies
They should not be given keys until the written agreement commences, they've paid all monies owed up front, utilities are in their name, etc.
Ben Hughes
Advice on Evicting in Texas
18 September 2013 | 23 replies
(a) Except as provided in Subsection (b), a landlord who receives a security deposit or rent prepayment for a dwelling from a tenant who fails to occupy the dwelling according to a lease between the landlord and the tenant may not retain the security deposit or rent prepayment if:(1) the tenant secures a replacement tenant satisfactory to the landlord and the replacement tenant occupies the dwelling on or before the commencement date of the lease; or(2) the landlord secures a replacement tenant satisfactory to the landlord and the replacement tenant occupies the dwelling on or before the commencement date of the lease.
Kitty Jedra
Keep 401K or invest $ on a rental property?
2 July 2018 | 30 replies
@Kitty JedraBecause retirement accounts are tax shelter vehicles which means all gains grow tax deferred, or in the case of Roth funds--whether Roth 401k or Roth IRA funds--tax free until qualified distributions commence, in my opinion it is tough comparison to compare whether a 401k should be cashed out to invest in real estate.
Nigel Johnson
Reverse Mortgage: Subject To
4 May 2010 | 1 reply
Lender shall notify the Secretary and Borrower whenever the loan becomes due and payable under this Paragraph 9(a)(ii) and (b): Lender shall not have the right to commence foreclosure until Borrower has had thirty (30) days after notice to either:(i) Correct the matter which resulted in the Securty Instrument coming due and payable; or(ii) Pay the balance in full; or(iii) Sell the Property for the lesser of the balance or 95% of the appraised value and apply the net proceeds of the sale toward the balance; or(iv) Provide the Lender with a deed in lieu of foreclosure(e) Trusts.
Phil L.
Option Contract with Subject-to?
5 November 2010 | 4 replies
Then you'll need to briefly describe the terms you are to assume; That promissory note having a balance this date of $_________ and accruing interest at the rate eight and one quarter per cent per annum having a required payment in the amount of $522.69 due and payable on the 5th day of each month, commencing payments to be paid by Buyer on the 5th day of December, 2010, and on like date of each succeeding month thereafter until the 5th day of July, 2014 at which time all remaining amounts then outstanding shall become due and payable in full to the holder thereof and credited for the benefit of Buyer hereunder......With the notary page and signatures required, 5 to 6 pages is more like it, IMO. .