Elliot Tan
Rules for receiving funds for private money loans
25 June 2021 | 12 replies
In both cases, syndication would be needed with a securities attorney.Here is the list of promissory notes recognized by the Supreme Court as NOT being securities is a compilation of nearly random examples:Notes delivered in consumer financing.Notes secured by a mortgage on a home.Short-term notes secured by a lien on a small business or some of its assets.Notes evidencing a “character” loan to a bank customer.Short-term notes secured by an assignment of accounts receivable.Notes that formalize an open-account indebtedness incurred in the ordinary course of business.Notes given in connection with loans by a commercial bank to a business for current operations.And the determining factors for how a court will judge it to be a security or not are :Whether the borrower’s motivation is to raise money for general business use, and whether the lender’s motivation is to make a profit, including interest.Whether the borrower’s plan of distribution of the note(s) resembles the plan of distribution of a security.Whether the investing public reasonably expects that the note is a security.Whether there is a regulatory scheme that protects the investor other than the securities laws (e.g., notes subject to certain banking regulations).Again, consult an attorney.
Joe Splitrock
IRS Plans to Double in Size - What That Means for Investors
4 June 2021 | 17 replies
Legitimate things can appear sketchy or you could be accidentally making errors.
Griffin Goudreau
How long do I have to own a property before I can conduct a 1031
2 June 2021 | 4 replies
And this would satisfy at least one tax court ruling out there.Just be able to look yourself in the mirror and have a good rationale for "changing your intent".
Neel P.
Do I need an agent for an off-market deal that came to me direct?
3 June 2021 | 10 replies
But based on the responses here, and I’m not an agent, that doesn’t appear to be the case.
Isaac Gwin
Worried I won’t be able to get in the market
5 June 2021 | 63 replies
Any perceived pattern is randomness appearing as order.
Carlos Contreras
Violent tenant that's not on section 8 lease
2 June 2021 | 1 reply
But I would involve Sec. 8, courts and the community to help you on this one.
Da’Mario Hughley
Las Vegas Bound! Neighborhoods?!
12 June 2021 | 3 replies
Note that while the green area appears homogeneous, in actuality, it looks more like Swiss cheese.Many new clients ask about condos because they have concerns about high maintenance costs.
Jonathan Taylor Smith
Insurance - To file a claim or NOT to file a claim?
3 June 2021 | 4 replies
It does not appear the sub-floor or walls were damaged and no apparent mold.
Brad Collins
Nonconforming Multi-Family in RS6 Zoning
3 June 2021 | 3 replies
In order to authorize a change in nonconforming use, the Board of Adjustment shall consider the relative impacts of the existing nonconforming use and the proposed nonconforming use with regard to traffic, noise, pollution, visual appearance and compatibility with the neighborhood, and shall make the following findings:1) The proposed use is expected to result in impacts which are less than those associated with the existing use.2) The proposed use will be more compatible with the surrounding neighborhood than is the existing use.3) Approval of the change in nonconforming use serves the public health, safety and general welfare.4) Failure to approve the change in nonconforming use would result in a hardship to the owner of the property on which the nonconforming use is situated.An existing nonconforming use shall be discontinued within 60 days of the date of approval of a change in nonconforming use.
Teana McFarland
Landlord trying to evict me
4 June 2021 | 17 replies
Your landlord may begin the process of eviction which would be handled through the court.