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10 March 2017 | 28 replies
I have heard of informing the lender preventing calling claim several times on BP, but I have yet to see the legal dots connected.Estoppel, in very broad terms, is a legal principle that bars a party from denying or alleging a certain fact owing to that party's previous conduct, allegation, or denial.
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3 June 2020 | 49 replies
At sheriff sale in PA, junior lien positions only have an exemption on transfer taxes for partial value - they are exempt for the part that they financed but must pay transfer tax for the value of the part that was financed by senior liens.The diversion to discuss transfer taxes arose because an earlier reply post on this thread mentioned being a note holder and concern about other potential expenses, hence I mentioned transfer taxes because lots of note buyers are in junior position.It’s not an “impound tax” - it’s known as “poundage” in PA, basically a commission paid to the sheriff when a property sells to a bidder for an amount above sheriff’s costs to conduct the sale.
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31 March 2009 | 13 replies
The sale may not be conducted less than 190 days from the date of default and the highest bidder will receive a certificate of sale.
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15 June 2016 | 12 replies
I was only speaking to the tax implications of conducting things as a business (max deductions) versus personal (few if any deductions).
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20 July 2016 | 8 replies
But, I understand since I'll be conducting business in New Jersey I will be still be paying state taxes in New Jersey.
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9 December 2016 | 7 replies
I am finding there are tons of tools, technology and resources that make not only finding good deals possible, but conducting due diligence, buying and managing remote properties very possible.
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16 November 2017 | 5 replies
I'd be interested in hearing from both CPA's and Real Estate Investors on this topic.I'm conducting a search for a personal CPA who specializes in REI.
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24 November 2017 | 31 replies
All of that matters with how you really conduct the negotiations.
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4 July 2021 | 12 replies
Just get an adequate amount of liability insurance and conduct business the right way.