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31 January 2009 | 61 replies
These exemptions apply to corporations, and any community chest, fund, or foundation, organized and operated exclusively for religious, charitable, scientific, testing for public safety, literary, or educational purposes, or to foster national or international amateur sports competition, or for the prevention of cruelty to children or animals.†Don’t see that one working myself...REITThis one I am very interested in but to qualify as a REIT it has to follow these basic rules1, Be an entity that is taxable as a corporation2, Be managed by a board of directors or trustees3, Have shares that are fully transferable4, Have a minimum of 100 shareholders5, Have no more than 50 percent of its shares held by five or fewerindividuals during the last half of the taxable year6, Invest at least 75 percent of its total assets in real estate assets7, Derive at least 75 percent of its gross Income from rents from realestate property or interest on mortgages on real property8, Have no more than 20 percent of its assets consist of stocks in taxable REIT subsidiaries9, Pay annually at least 90 percent of its taxable Income in the form ofshareholder dividendsBut the benefits are that a REIT PaysNO CAPITAL GAINS TAX.
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14 January 2009 | 0 replies
The warning signs were there: people like Harry Markopolos wrote the SEC on numerous occasions, and yet nothing was done.
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19 June 2009 | 9 replies
I have looked at that property you mentioned..war zone property..there are numerous deals here in cincy though..let me know if you want more info!
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25 May 2009 | 4 replies
There are really numerous ways to generate traffic to your site, both paid and free.The most fundamental traffic sources that everyone at least seems to have head of is SEO and PPC.
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26 March 2009 | 2 replies
If so, a national vote is scheduled where voters decide by a simple majority whether to accept or reject the law.
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12 April 2009 | 1 reply
Naive investors don't really understand the securities being sold to them as AAA secured bonds are really the debts of unemployed alcoholics.Nevertheless, their prices continuously climb, and the securities become the top-selling items for some of the nation's leading brokerage houses.One day, although the bond prices are still climbing, a risk manager at the bank (subsequently fired due his negativity), decides that the time has come to demand payment on the debts incurred by the drinkers at Heidi's bar.Heidi demands payment from her alcoholic patrons, but being unemployed, they cannot pay back their drinking debts.
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20 November 2010 | 11 replies
Way to go Bryan and BP Nation.
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19 September 2019 | 22 replies
I have numerous pages of information dedicated to superior liens and encumbrances on my siteWatch Out: Is the foreclosure being brought forward for the nonpayment of mortgage or that of a lien placed against the property.
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20 December 2010 | 13 replies
Hugh Chou has numerous mortgage calculators at his website: http://www.hughchou.org/calc/ Scroll down to "mortgages and loans" FWIW, that site is one of my favorites.
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31 May 2011 | 9 replies
This backs out assumed expenses for prop mgmt and maint/repairs even if you do this work yourself.If you don't adhere to this, the rental income won't count, and the PITI of the property (and potentially operating expenses as well) will be added to your obligations (numerator) in the debt ratio, which is very punitive.