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24 November 2015 | 6 replies
Simply because they knew that a LOT of them would "default" and that would be quicker and easier than going forclosure/trustee's sale.I lived in TX (deed of trust state) and my attorney at the time advised me to quit doing CFDs (compliance issues) and just sell on a Deed of Trust and Warranty Deed.
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10 April 2019 | 40 replies
But I don't think BP will allow me to elaborate on that story, but rest assured...
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23 March 2011 | 2 replies
I’m sure many will just crank out the buy/sells, but that’s taking a big chance without compliance.
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7 April 2011 | 1 reply
The option term is something to look at, as a term of three years and sometimes over one year has been sufficient to establish that an equitable interest in and to the property has been conveyed, an example would be under the due on sale clause (but not often used).The Safe Act also referres to the intent of the transaction.Each state provides transactions excluded from the Act and there you will generally find the avenues to avoid any compliance requirement.
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16 February 2023 | 4 replies
Be vigilant in your compliance; mistakes can be very expensive!
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21 February 2023 | 11 replies
I'm active duty Navy as well, and its definitely challenging investing while in the Navy, but I can assure you it is possible!
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21 February 2023 | 4 replies
This gives me assurance of positive cash flow until 2024 and removes the work to find new tenants.
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13 July 2020 | 19 replies
I assure you he'd try this again before closing.
25 January 2016 | 8 replies
The full tax impact of a sale of your rental property can be calculated, but rest assured, you will have a capital gain as well as unrecaptured depreciation taxes.
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29 July 2020 | 30 replies
So I spoke to 3 different attorney's whom specializes in compliance law solely.