Anthony Clayton
Flipping REO's via Land Trust
31 March 2017 | 87 replies
First off, the trust certification must have the name of the trustee, the name of the trust, tax identification number, the settlor of the trust, and the legal description of the property (usually an attached exhibit).With that said, a buyer can simply check title to see that the trust on title matches the docs presented by the seller (wholesaler).The info provided by another stating that "nothing is filed with the state" is incorrect, as the EIN number and the recorded grant deed are both filed with state/federal governments.
Greg P.
Contract for Deed Help - Not sure where to go with this
1 February 2011 | 8 replies
As for any pre-payment penalty, if allowed in your state, it should be; a penalty equal to that federal tax liability arising from any pre payment, with such penalty being added to principal and accrue interest at the note rate until fully paid.
William Zhang
help needed on REO Occupied "As is" property
7 April 2016 | 12 replies
Because governments are generally not as responsive to adjusting to market conditions as individuals, and it is individuals who buy houses (Buy houses= set the market price).
Uwe K.
City interior inspection for tax assessment - should I let him in?
24 September 2014 | 14 replies
I don't trust the government and prefer to keep them off my property whenever possible.
Guillermo M.
False Operating agreement
10 December 2012 | 1 reply
It governs how the company is operated.
Sean Brennan
Do any of you active investors do your own taxes?
19 February 2013 | 25 replies
My active participation consists of managing my managers.In case anyone is still wondering, Even though my return (federal plus three states) is around 100 pages long, I still enjoy doing my own tax returns and have always done my own.
Jason Cobb
New from Charleston Illinois, and knee deep in first buy!
22 March 2013 | 6 replies
The property was foreclosed by mortgage lender, then the government stepped in and shut down the mortgage lender and liquidated their assets.
Bryan Hancock
"Good Funds" At Title
24 July 2013 | 25 replies
The funds are actually delivered for deposit to the financial institution in a timely manner, which shall not exceed three business days as defined in Federal Reserve Board Regulation CC, 12 C.F.R., Part 229, after the funds are received.
Justin Morris
International Investors & Self Directed IRAs
22 July 2013 | 4 replies
There are serious Federal and state laws that you must follow and consider.Seek educated advice, not guesses.
Colleen F.
Managing taxes when you pay your child
6 October 2013 | 7 replies
The IRS well they aren't my favorite government agency so I want to have things right...