24 April 2015 | 4 replies
I appreciate the responses.I have already spoken with the zoning director and the redevelopment authority and there are no issues with the house on their end, I would also be able to rent out the connected apartment from day 1.
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23 December 2018 | 66 replies
Investors have no control over the management of these companies other than voting for the members of the board of directors (which is usually a rubber-stamp process).Cashflowing real estate is subject to the risks in the local economy, but investors have control over the properties they own.
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28 April 2015 | 7 replies
Giving this to the plan would certainly seem like providing a benefit.In @David Frol 's case, there is the mitigating factor that his IRA is only a 10% equity holder in the property LLC, and therefore that property LLC is not a disqualified party to his plan - but, that still precludes David from providing a direct or indirect benefit to his plan, and serving as realtor for the LLC partially owned by his IRA-LLC would pretty obviously be such an indirect benefit.
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21 May 2015 | 6 replies
Since you are disqualified to your IRA, this benefit from the IRA to yourself would be prohibited.As noted above, the idea of lending with the IRA on a mortgage is great, but you must avoid any direct or indirect benefit to a disqualified party.
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28 January 2020 | 18 replies
Any direct or indirect transaction with disqualified person is prohibited, regardless what you read online or someone pretending to more knowledgeable than you tells you.The bottom line is: IRS rules prohibit any direct or indirect transaction between qualified plan and disqualified person.
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14 December 2015 | 4 replies
Their min loan is $75,000.Nick Denning | Sales Director -Landlord Loans222 W Adams St.
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14 December 2015 | 12 replies
If you truly have millions of assets and you have hired trustees to manage your property you can play hide the ball a lot longer, but if you have that kind of money you may as well incorporate and hire a board of directors to run it and again have protection from liability.
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21 December 2015 | 7 replies
Hi everybody, I'm Scott Baker, Marketing Director for American Home Buyer.
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19 December 2015 | 7 replies
Disclosure: I am the Director of PR for DoHardMoney.com@Ralph Biahyou can read posts from a couple of people that have worked with DHM herehttps://www.biggerpockets.com/forums/79/topics/176... and https://www.biggerpockets.com/forums/92/topics/203...
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2 January 2016 | 22 replies
Lee, It is quite unlikely the lender is watching/scanning the corporate registry for changes to directors/ownership structure, etc of companies which from which they have subscribed mortgages, though with today's computer search methods and big data processing, it is not outside the realm of possible.Technically, as a stakeholder / creditor, the lender should be notified at the time the company is sold / experiences a change of controlling ownership.