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26 May 2014 | 10 replies
Nevertheless, in response to commenters' requests, the final rule provides a non-exclusive list of methods that issuers may use to satisfy the verification requirement for individual investors.The methods described in the final rule include the following:Reviewing copies of any IRS form that reports the income of the purchaser and obtaining a written representation that the purchaser will likely continue to earn the necessary income in the current year.Receiving a written confirmation from a registered broker-dealer, SEC-registered investment adviser, licensed attorney, or certified public accountant that such entity or person has taken reasonable steps to verify the purchaser's accredited statusThe underlined/bolded item above leads me to believe that this guidance is only for reference and one can do their own, independent process provided it is reasonable.
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21 January 2020 | 6 replies
It is because her water lines are failing and eating up 28% of her expenses.I just met with the city and the park is non-conforming, no additional homes can be brought in unless significant changes are made to the park.I also found out today, a large private school is looking to build on the 50 acre lot right behind the park.
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3 November 2014 | 13 replies
Detroit is an example of a rust belt city and it doesn't have money for basic public services.
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18 January 2014 | 1 reply
Rent, minimum $50 for utilities, non-refundable cleaning fee, guest policy etc.
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10 August 2013 | 8 replies
What we did, since we knew about the 'no self dealing rule', AND not yet having our IRA's rolled into the SDIRAs, OR having the LLC set up, and we were wanting to 'buy' this property at an auction is this;We had a non-disqualified third party do the bidding, sign the offer, and provide the earnest money check.
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26 November 2013 | 18 replies
<g> And although I don't know this yet - I am willing to bet that well before he started talking in public about the great benefits to be had in buying single family homes - he had a large stake in the single family home business.
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20 June 2013 | 10 replies
You're more likely to find a proud homeowner and you're maintenance costs will be non-existent unless of course you need to repair a furnace or roof depending on the case.Good luck!
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3 June 2013 | 7 replies
An eviction is planned for next week due to non-payment and an assortment of run-ins with the police.Not sure what the cost will be to get the place cleaned up and back on the market (doors broken in, glass in the oven door shattered, possible drug use), but I do hope to try again and learn from the lessons of this first experience.
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11 November 2013 | 41 replies
Look too for memorandums filed on properties as these folks will be locking up properties.Talk to the title companies, tell them you're starting out and ask them who some of the area investors are, they usually don't disclose clients but remind them it's public record who buys and that they aren't being asked about specific deals, they may tell you some names..Same with RE attorneys, talk to them and just let them know you'd like some direction, not referrals as they don't like making it seem as if they are endorsing anyone, but just as to common knowledge of who buys.
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3 June 2013 | 10 replies
From commercial to government (city and state) agencies, non-for-profits, schools and residential all in one city block.