If a homeowner has a home worth $100k with a mortgage of $50k, they may still have less than $50k in equity (or 50%) depending on the other liabilities, say mechanic lien for $10k, so they would have $40k or (or 40%).Most often, the quick and easy idea, like above, is used in conversation missing the details of the additional liabilities to establish a "true" defined amount of equity.Throw some examples out of confusing statements for some more commentary.

The south and west grew 14.3 and 13.9% respectively in the last 10 years. compared to Midwest (3.9%) and Northeast 3.2% The largest inflow states in the last 10 years are: Rank Inflow net population #1 Texas - 4,293,741 #2 California - 3,382,308 #3 Florida - 2,818,932 #4 Georgia 1,501,200 #5 North Carolina 1,486,170 #6 Arizona 1,261,385 If someone asked my opinion as to which three states I should I get my broker license in order to start a brokerage and invest in my back yard: I would say Texas #1, Georgia #2, Florida #3.

Different states may have different methods, the RE Commission may appoint a licensee, an attorney can usually act in the matter and agents can get signed up with another broker.Some bad advice above was to talk the "clients" into terminating contracts, license or no license, the law establishes how a business is "wound up" or how it is to be closed, those contracts are assets, doing trash talk and interfering in contracts held as well as diverting clients is unethical and illegal and can have consequences, like getting sued.

Priority of ownership of the same instrument is established upon possession, sometimes referred to as Automatic (what happens at point of sale).

The benefit is that your entity may not be subject to the Passive Activity Limits for deductible loss established by IRS. 3 Financial: If you are properly running your LLC (minutes, filling, separate bank account, filing taxes, EIN, getting your DUNS number, Getting Business Credit Cards, etc.).

Look for discussions on running a business out of a home too.We had a tenant try to establish an unlicensed daycare in a duplex unit once.

Mortgages which qualify for Fannie or Freddie placement use a credit score to establish a guideline parameters but a loan ran through DU will analyse the credit line history, not just the score.

In my experience, I found out that they had a criminal background, previous evictions, sex offender records, and generally they try to do a power play to establish control over the landlord/rent collector.

We did have a separate email address set up but otherwise they were very respectful and we had no issues with them knowing we were the owners.3.

The three Groundfloor investments are all 6-month deals paying 10%, 11%, and 12%, respectively, accrued and paid at maturity.