Account Closed
Would my situation require a RE license or LLC?
21 October 2015 | 5 replies
If you are found to have done so, you must submit satisfactory proof to the Superintendent of Real Estate that you will not violate such laws or rules again.If you were born after 1950, you must have a high school diploma or its equivalent as recognized by the Ohio Department of Education.Any person who has not been licensed as a real estate salesperson or broker within a four year period immediately preceding their current application for the salesperson’s exam must have completed the required 120 hours of classroom instruction at an institution of higher education that awards a degree in at least a two year program.
Greg D.
Deduct state sales tax on a flip?
19 January 2016 | 4 replies
Sometimes you can file a form for a reimbursement of some portion of that withholding which means you cannot deduct it as it wasn't actually an expense.Think of it more as a reserve account than a true expense.If you deduct it in 2015 and later get reimbursed for it, you will need to recognize the reimbursement as income in 2016.
Ryan Gillis
Best states to wholesale real estate WITHOUT a license?
5 February 2021 | 16 replies
It is a arbitrage flipping which was basically recognized in the 1972 in midst of that decade long recession, young couples int the suburbs, to save their own home value from falling victim to a neighbor foreclosure.
Joshua Hill
Analyzing potential deals quickly
21 September 2018 | 9 replies
I am not saying that these rules of thumb cant be useful, but I am saying to recognize that they will not guarantee success or failure.
Andre Deville
Business Entity Address
20 November 2019 | 21 replies
I also seen that many people using the V.A services had a problem with setting up a bank account because the bank was able to recognize that they were using a V.A.
Dave Kennedy
All cash buyers....how do you compete?
2 April 2008 | 10 replies
In my neck of the woods, you must check MLS "Hot Sheet" and cull out all of the FSBOs (that just listed because they didn't sell) and the relists that your agent doesn't recognized as an old listing.
Account Closed
The Financial Accounting Standards Board Ready to Change Rules
6 August 2009 | 1 reply
The capitalized leases would be in addition to the real estate already recorded.â€If these rules are instituted, the results would not reflect the true economic model of a tenant-landlord relationship, Sebik says. “It would also potentially be double-counting the same value,†he said. “With the financing model, every lease would be treated as if [the landlord] sold the rights to use that portion of the mall, and the only income recognized would be financing income.
Michael S.
What is the weirdest thing tenants have left behind?
19 May 2016 | 37 replies
I went over to look at it and recognized it immediately.
Account Closed
Lease option seller wants OUT! Advice needed..
23 November 2014 | 25 replies
Owner also recognizes this isn't his business and wants me to handle it which is fine, so the best option for me would be if the tenants don't cooperate, than to call up an eviction attorney start the process etc..