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7 January 2019 | 10 replies
I received a letter and had to go to mediation and was fined.
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2 September 2018 | 1 reply
Assume an accredited investor and no securities law issues for simplicity.1) Homeowner pays for a legitimate appraisal.2) Homeowner grants the right to Investor to receive 10% of any appreciation above the appraised value when and if the house is sold.3) In exchange, Investor pays the homeowner an amount equal to 10% of the appraised value, with 20% down and the rest on an interest-only promissory note held by Homeowner.4) The note bears interest at Prime + 0% and does not have any origination fees or prepayment penalties.5) The investor gets credit for 10% of the eventual net proceeds from sale with the net being 10% of net sales proceeds less the remaining balance of the loan.6) If the investor defaults on the loan and fails to cure the default, the claim on the equity is forfeited.7) The homeowner remains fully responsible for costs of maintenance, insurance and taxes, but this is offset somewhat by the interest on the loan and the cash received upfront.8) Presumably if there is a gain beyond the homeowner's basis, there is no tax for now unless the proceeds exceed $250k for an individual or $500k for a couple.
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13 August 2018 | 8 replies
Then when you get new tenants you train them from day one that they will be given two strikes and then receive a non renew notice.
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14 September 2018 | 7 replies
Here it is:Create an LLC and have the LLC lend you a mortgage on the property you are receiving.
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13 August 2018 | 20 replies
My daughter was evacuated for days, and set her real estate office up to receive donations and distribute to those that lost homes, only to have her son end up losing his.
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12 August 2018 | 8 replies
If I use a crowdfunding company like Reality Shares, or Groundfloor, and I receive interest in 6 months, it is considered ordinary income for taxes.
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13 August 2018 | 10 replies
Does anyone have experience appealing the property value of their investment property and receiving a refund IN Memphis?
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15 August 2018 | 8 replies
The proceeds from the sale would also be used to pay off any unpaid medical bills etc.So if they already are receiving support, make sure their is no MassHealth coverage currently, which could lead to liens and more complication.
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24 October 2020 | 3 replies
Labor will be completed by my existing maintenance staff and paid out to the employees by my management company.The roof, electric meters, and breaker boxes are all 8 years old.5 of the 8 units have complete new HVAC systems.What are your thoughts after receiving this information?
11 August 2018 | 0 replies
I've been receiving tons of mail from as-is investors, so I wonder would they offer more, less or no different with the new fence in place?