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23 June 2020 | 9 replies
HUD tracks by social security number for owner occupants and you can only buy once every 2 years as an owner occupantWhile you sign a document stating that you will occupy for one year, there is very little, more like no enforcement other than that 1 every 2 year restriction.
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1 December 2018 | 0 replies
SDIRA is bit complicated and restrictive ...someday may want to sell my house and live in one.
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7 January 2019 | 4 replies
The Graham Leach Bliley act restricts access to drivers license numbers and social security numbers.
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1 December 2018 | 2 replies
@Zachary Jensen - yes it is possible to do this, but if you are financing the property than you need to check with your lender as they may have a restriction on the credit amount.
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2 December 2018 | 2 replies
However, based on some communications with my immigration lawyer the nature of fix and flips involves some degree of conducting business which would be a violation of my visa status (which allows me to only work for my current employer).So I am trying to come up with a plan to start the investments without breaching any immigration restrictions.
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2 December 2018 | 2 replies
Take a look at a balance sheet example below:AssetsCash1000-000 Operating Cash1001-000 Security DepositsTotal CashRestricted Cash1100-000 Capex Reserve1101-000 Replacement/Repair Reserve1102-000 Etc etc etc..Total Restricted CashLiabilities2200-000 Current Liabilities (Bills and Expense Accruals, etc.)2300-000 Long Term DebtTotal LiabilitiesEquity3000-000 Contributions3100-000 Distributions3200-000 Etc etc etc.3300-000 Retained Earnings (etc)In the scenario you presented, you can establish the bank accounts that your mentioned.
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18 March 2019 | 21 replies
There are no prepayment penalties and no restrictions on what you can do with the proceeds of the 401k loan.
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14 January 2021 | 4 replies
Also, this area/county is extremely un-restrictive as far as STR's go.
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16 December 2019 | 9 replies
NAR has long known that it was proprietary access to sales prices that gave Realtors an edge in pricing and selling homes, so they want to restrict the data where they can.Most MLS data across the country has now been aggregated (sold) into many databases and major lenders have access.
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20 March 2019 | 8 replies
Look at restrictions on the portion used by your business v. that which is rented out.I love the smell of fresh roasted coffee, but I bet it can get nauseating 24/7.I love riding on the coattails of taxpayer subsidized funding from SBA and any redevelopment perks you can get, esp. if they are grant.