14 January 2021 | 118 replies
Gurus are not exempt. accountable isn't a guarantee....
22 December 2024 | 23 replies
This exemption can be used every two years.A great wealth-building strategy is to House Hack every two years, live in each house for at least two years, and then sell older House Hacks before the 5-year mark.
18 December 2024 | 15 replies
The Taxable Value is uncapped and equated to the SEV upon a sale or other transfer of property ownership, with limited exceptions.Homestead versus Non-Homestead Millage RatesCounties & cities in Michigan are allowed to set their own millage rates, with one restriction – a primary residence (Homestead) is exempt from up to 18 mills of school taxes on their Homestead property.
15 September 2018 | 102 replies
I've had to deal with opposing parties of similar ilk - stand your ground.Having this "Captains" name in public record for what will soon be a losing court record is "shaming" enough so if it were me I'd likely not pursue social media shaming lest you risk more legal issues via his retaliation most likely based upon alleged libel/slander.FYI:Apparently, retired military member's pay is exempt from garnishment for commercial debts for anything other than child support, spousal support, or a property division under the Uniformed Services Former Spouses' Protection Act.The following link has some good information as well as a process of service address for judgements against members of the military.https://www.dfas.mil/garnishment/civgarnishment/en...Sorry to hear about your tenant troubles but good to see you're pursuing the issue to a righteous solution.
8 March 2018 | 67 replies
He informed me that I could not keep my firearms on school ground as it was against state law to have them on school property.After I talked to a lawyer friend, I was informed that while the property was on school grounds (and owned by the school), it was my personal abode and therefore exempt from the law barring firearms on school grounds.
10 October 2024 | 17 replies
@Stuart Udis Michigan's Transfer Affidavit has exemptions for several transfer of ownership types, including from a single owner to a single-member LLC.https://www.michigan.gov/-/media/Project/Websites/treasury/F...Is it different in Pennsylvania?
17 May 2024 | 7 replies
Quote from @Dave Foster: How would a 1031 exchange benefit him if he can sell today using the owner/occupant exemption?
22 February 2018 | 51 replies
If you have even a single passive investor (limited partner), you are selling security and this activity requires to have proper documentation (PPM, Subscription Agreement, Operating Agreement, Form-D with SEC).I am not a lawyer but I read Gene Trowbridge's book "It's a Whole New Business" where he explains these things in great details.Please contact a securities lawyer to get clarification of whether or not family and friends are exempt from syndication.
26 March 2018 | 61 replies
AgreedI did 4 years. made a mediocre salary.....but benefits are ridiculous, though that's hard to appreciate as a 18 year old punk kid. then I got out and have the VA loan to use 70% disability income tax exempt for lifeBachelor degree paid for with GI billVeteran discounts on property taxes for my primary housearmy will be the best paying job I'll ever have, by a long shot!
15 February 2019 | 59 replies
I will probably continue investing locally because I’ll need to owner occupy the first few but definitely see the next step being out of town investments if I survive the intro period. check the rules federal law dictates that a owner occ in a 1 to 4 unit does not have to follow federal fair housing.. so I would check with local attorney who knows his or her stuff you maybe exempt if your owner occupying