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14 October 2019 | 2 replies
A few of those have been: Merck Sharpe & Dhome Federal Credit Union, Philadelphia Federal Credit Union, and TruMark Financial Credit Union.
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31 October 2019 | 13 replies
I would appreciate it.Let's say there is a family that owns a house with a mortgage and at some point they don't want to pay the monthly payments and ready to sell the house.Am I breaking any Federal or State laws and will such idea work if:I sign with the owners at the notary 2 documents:1) the right to property, in which states, that ownership on property transferred to my company from them (I guess it is called "Warranty deed") and no one can claim on it, even if former owner dies or goes bankrupt;2) Purchase agreement, where is specified that my company wouldn't pay them the full amount of the mortgage, but will take this property with mortgage and take control of the monthly payments on the mortgage + if necessary, close the overdue payments (can I make mortgage payments directly to the Bank?).
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23 October 2019 | 14 replies
It's not a federally backed loan, the bank holds it for their own profit.I was wondering if anyone knew companies/lenders like this and could recommend a few names.
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15 October 2019 | 4 replies
Other activities could potentially include traditional camping, glamping, non-traditional camping (i.e. allowing campers to camp with dogs off-leash), allowing dog clubs to meet on the property for competitions for a fee, hunting, building a tiny house community, build a solar or wind farm, drive-in movie theater, paintball course, etc.Depending on the landscape, someone might be interested in leasing the land for raising livestock, doing a livestock show, performing environmental research for state/federal grants, etc.
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17 October 2019 | 7 replies
An LLC taxed as a disregarded entity is a separate legal entity, but payments for work between you and the LLC wouldn't be respected for federal income tax purposes.
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7 October 2019 | 7 replies
In South Carolina you could try South Carolina federal credit union.
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7 October 2019 | 7 replies
@Flavio EspinalYou got some good advice thus far.As mentioned, the sale of the "flip" will result in ordinary income subject to federal income tax and self-employment tax.
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15 October 2019 | 10 replies
Navy federal Credit Union has some fantastic refinance loans with little down, so you can unlock your VA loan.
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16 October 2019 | 0 replies
Hello BiggerPockets, has anyone out there ever restored a historical property and taken advantage of state/federal tax incentives?
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29 October 2019 | 6 replies
If the Property was built prior to 1978, Seller shall complete the Disclosure of Information on Lead-108 Based Paint Hazards in accordance with Federal Regulations. 109 d.