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29 October 2007 | 8 replies
I have been told from a reliable source (and Georgia resident) that if you 1031 money into Georgia, when you sell that property, you cannot 1031 to outside of Georgia.I do not know if there is a general prohibition against 1031 out of the state or if it only applies if you 1031ed into the state in the first place.
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20 April 2013 | 5 replies
Originally posted by Wayne Brooks:That IS why it applies, you are Not licensed.And just to add to this, paying referrals from licensed individuals to unlicensed individuals is often a FEDERAL crime -- RESPA prohibits referrals to unlicensed people for any transactions it governs (any time there is the use financing from a federal entity, like FHA/HUD).So, even if your state allows it (a couple do in certain specific situations), it may still be illegal.
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30 April 2014 | 14 replies
Just found a Kansas Tenant Handbook on Google search that says regulations prohibit any lease clause that says you forfeit your security deposit by ending a lease early.
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27 September 2016 | 5 replies
@Teodor Bogdan Many Single family houses are prohibited from running a business from your home.
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27 May 2016 | 12 replies
Most due on sale clauses prohibit the note holder to change the entitlement of the real estate property.
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28 January 2017 | 20 replies
On the other hand, if it is a former employer plan, you can open a self-directed solo 401k if you are self-employed, or a self-directed IRA and then transfer the 401k to one of these vehicles which can then be invested in real estate.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;Both are prohibited from investing in assets listed under I.R.C. 408(m); andNeither may be invested in your own business.
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23 August 2020 | 0 replies
I was confused and thought she meant my real estate licence or something prohibiting me from wholesaling but then she said for a mortgage. and i just went along with it because i thought she had no idea what i was talking about. she told me she was going to give me a call tomorrow. i also think it was because i only have on bar of connection in my room.
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20 April 2023 | 14 replies
With that said, my gut tells me that area is very low risk of passing any regulation that would prohibit STR's entirely.
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10 June 2019 | 137 replies
I would replace the art work with something else for the future and include in your terms that any type of filming is prohibited or contact you to discuss.
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16 January 2016 | 27 replies
There is typically a "first look" period, which prohibits investors from purchasing the property for the first 20 days it is on the market.