| Money Talk|| re: Tax question for new business - NEWBIE on 4/30/13 at 10:59 pm|
You can switch after your original filing, but you can't go back and forth between the two. I've heard as a general rule that once an LLC files as an S-Corp, they can't change for 5 years or so, depending on the circumstances.
I'm sure poodle and others know more about this, but it is possible t...
| Money Talk|| re: Title Insurance - NEWBIE on 4/30/13 at 3:59 pm|
[quote]Now the title company still requires it on their[/quote]
A title company never requires a title policy. The lender requires a lender's policy to protect itself.
The title company may recommend the buyer get an owner's policy, but can't require you to purchase one. This recommendation...
| Money Talk|| re: Transfer of rental property to an LLC - NEWBIE on 4/30/13 at 2:10 pm|
Do not transfer the property to the LLC unless you have written authority from the bank to do so.
I have recently seen someone do this and had his loan called. He ultimately lost his property....
| Money Talk|| re: Buying a lot by owner and not financing, help - NEWBIE on 4/22/13 at 2:55 pm|
[quote]Wouldn't any/all of the donor's lien(s) be addressed at the prior closing where the donor donated/transferred the land to the current seller?[/quote]
Not necessarily. If the property was donated with no title curative work, no liens, mortgages, or other encumbrances would have been addres...
| Money Talk|| re: Buying a lot by owner and not financing, help - NEWBIE on 4/21/13 at 12:35 pm|
Well, I'd choose a title company to close at and have him talk to the attorney about what the best options are for him.
That way he will be aware of any pitfalls that the attorney has seen in the past and you would be off the hook for any possible negative outcome if he took your advice.
| Money Talk|| re: Buying a lot by owner and not financing, help - NEWBIE on 4/21/13 at 12:10 pm|
Was the seller holding this property as an investment? does he plan on replacing the property with another investment property? If so, he may be able to defer any capital gains in the property by doing a 1031 exchange.
Sounds like you are doing all the work for him to sell his property. You may...
| Money Talk|| re: Buying a lot by owner and not financing, help - NEWBIE on 4/21/13 at 10:24 am|
I would be shocked as well if there is more than one mortgage on a lot; but I would be more shocked finding out later that there was another encumberance affecting the property and my ownership interest was reduced or nonexistent.
Always have a title search done before buying any immovable proper...
| Money Talk|| re: delete - NEWBIE on 4/10/13 at 3:16 pm|
You should ask the attorney.
Are they paying separate debts of the deceased?
Too many variables without seeing the detailed descriptive list....
| Money Talk|| re: Buying vacation property with others - NEWBIE on 4/3/13 at 2:41 pm|
My parents have 2 groups they are involved in.
They seem to like it so far, you just have to make sure you're in with a good group.
We don't allow it to be rented out at all, but that is a decision you and your group should make.
Also discuss shares. If someone wants out, you should r...
| Money Talk|| re: House purchase - NEWBIE on 3/18/13 at 11:36 pm|
The clerk of court would have all maps and restrictions filed.
Look up the neighborhood name at the clerk of court and look for restrictions or maps. The people their should be able to get it for you.
Find your lot on the map and see if there are any servitudes.
For the restrictions, you ju...
| O-T Lounge|| re: Having a bill of sale notarized - NEWBIE on 3/3/13 at 12:34 pm|
It must be signed in the presence of two witnesses AND a notary.
| O-T Lounge|| re: New Android update? How can I "force" my phone to prompt it? - NEWBIE on 3/3/13 at 12:02 am|
well, if you find a way to get it make sure to post it
| O-T Lounge|| re: New Android update? How can I "force" my phone to prompt it? - NEWBIE on 3/3/13 at 12:01 am|
menu --> settings -->about phone --> software update -->check new.
is this for the gs3?
I can't download it yet...
| Money Talk|| re: Making an LLC - NEWBIE on 2/26/13 at 9:34 pm|
You don't have to go to the SoS's office.
Everything you need is online for the LLC, along with prices.
I can't help you with the trademark either....
| Political Talk|| re: so, does anyone have any knowledge on the dragon family? - NEWBIE on 2/25/13 at 11:40 pm|
An old thread about it...
| O-T Lounge|| re: Need OT advice on caring for goldfish - NEWBIE on 2/23/13 at 11:58 am|
How much water are you changing at a time? Are you putting just tap water in or are you using a water conditioner?
Small tanks are harder to keep fish alive in.
Gildfish also die a lot....
| O-T Lounge|| re: What's the best way to move a boatload of clothes?? - NEWBIE on 2/13/13 at 11:03 pm|
| Outdoor Board|| re: Rafting and cabin suggestion in Arkansas - NEWBIE on 2/12/13 at 10:11 pm|
Also, the Ocoee is dam controlled so you don't have to worry about the water being too low or too high.
I recommend it for the rafting experience; but for a bachelor party, you may be looking for something a little different....
| O-T Lounge|| re: Does E. Eric Giraud (sp?) run D & D from behind the curtain? - NEWBIE on 7/8/12 at 11:13 pm|
[link=(http://www.youtube.com/watch?v=jBvw7rVyku8)]Tea Party Anthem[/link]...
| O-T Lounge|| re: Computer Help- Google search just giving a white screen.Update with solution - NEWBIE on 7/2/12 at 11:36 pm|
Seems others are having the same problem too....
| O-T Lounge|| re: AC unit not kicking on - NEWBIE on 6/17/12 at 3:06 pm|
may be a fuse.
How old is the unit?
Mine was pretty old and didn't have an inline fuse and would trip occasionally....
| Political Talk|| re: Liberal moron: Bill Press calls National Anthem "stupid and embarrasing" - NEWBIE on 6/5/12 at 10:04 pm|
I love how his first reason is because it's in 2 octaves and most people can't sing it. I guess it's not fair to those who can only sing in one. All music should only be 1 octave from now on!! ...
| Money Talk|| re: Beating capital gains on sale of inherited property - NEWBIE on 5/9/12 at 12:25 am|
Look up Bill Hyde. He is a highly respected 1031 exchange expert in BR....
| O-T Lounge|| re: 311 Presale tickets for new Orleans out today - NEWBIE on 3/21/12 at 10:17 am|
Just got em, thanks man...
| O-T Lounge|| re: 311 Presale tickets for new Orleans out today - NEWBIE on 3/21/12 at 10:09 am|
Anybody have a presale code?...
| Tiger Rant|| re: LSU has a horrible basketball program... - NEWBIE on 3/14/12 at 12:55 am|
I hate it when a fanbase doesn't shoot well and plays pathetic defense....
| O-T Lounge|| re: Can anybody help find a docket or case number for criminal case? - NEWBIE on 2/28/12 at 12:07 am|
damn, was hoping i could do something tonight. What if i could borrow someones westlaw account?...
| O-T Lounge|| Can anybody help find a docket or case number for criminal case? - NEWBIE on 2/28/12 at 12:00 am|
I am looking for some info on a 2nd degree murder case involving Anthony Craig. The trial ended in December and sentencing is set for March. Anyway I can find any court docs online?
The only info I found are short updates on wafb.
| O-T Lounge|| re: Best Home Builder - NEWBIE on 2/21/12 at 6:07 pm|
| O-T Lounge|| re: Dropped iPhone in urinal... - NEWBIE on 12/18/11 at 12:15 pm|
So how do we get it?...