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Video instructions and help with filling out and completing Paragraph 2 of the one to four family residential contract resale

Instructions and Help about Paragraph 2 of the one to four family residential contract resale

Hi everyone so this and this video we're gonna be going over the one to four family residential contract now we have here our buyer Joe buyer and he's already found the right home and he's would go ahead and submit the contract so we're gonna walk through the contract in here under number one the parties to the contract or Sally seller and Joe buyer the legal description of the property and I pulled that from real list you can see right here legal description lot 21 block to Crossroads Park section one lot 21 block to Crossroads Park section one now sometimes lenders are picky and do require that you disclose what section the home is in so right here just go ahead and and put section one in the city of Houston and the county of Harris also known as 12 506 Matt way court this house price in the under a you're gonna go ahead and put the down payment amount in this case Joe buyer is putting $30,000 down that is gonna we're gonna be required to submit a third party financing addendum and he's gonna be financing $200,000 for a total sales price of two hundred and thirty thousand dollars now before it's gonna require that you disclose if you're licensed agent and you're representing a spouse parent or child or a business entity in which you hold more than ten percent Interest so go ahead and disclose that if that applies to you and this is both on the buyer side and the selling side so if your buyer's agent and you're representing a buyer a spouse parent child or any business that you hold 10% of just go ahead and submit that earnest money most ages are going to require that you put at least 1% know the sales price in earnest money in this case Joe buyer is putting down $2,000 of earnest money with Texas American title company as the escrow agent we're gonna head and submit their address 2500 West Loop South Suite 500 buyer shall deposit a dishonest money in this case he's not going to deposit additional money Tata policy and survey this is completely negotiable between the buyer and seller more times than not the seller is gonna pay for it again complete negotiable and under Jo buyers case we're gonna go ahead and ask the seller to pay for it with the with Texas American title where the earnest money is going to be held the standard printed exception as to discrepancies conflicts shortages in an area or boundary lines encroachments or protrusions or overlapping improvements will not be amended or deleted from insider policy or will be amended to read shortages in area at the expense of the buyer or seller in this case you want to select will be a minute to read and since it's a buyer benefit we ask the buyer to select it again completely negotiable under survey any.


(Philippine Law) One of my four roommates wants to move out of and break lease early. However, his name is the only one found in the contract. Is his moving out still legal? What options does he have?
That's up to him and the landlord. Personally, as a landlord, I would never force someone to live in my house if he doesn't want to. I would ask one or all of you to take up the lease. If none of you are willing to, then I'll ask him to return my house just as how he found it, empty and tenant-free. Other landlords may approach it differently. Give him a hard time and fine him and force him the responsibility of sublease, but at the end of the day, I don't see why we should make each other miserable. There is no good purpose for it.
What are "sufficient funds" for a UK tourist/family visa?
There are few things that we need to keep in mind in order to prove financial stability while applying for a standard visitor visa for UKYou need to show regular transactions in whatever bank statement you are producing. It’s better if you showcase your salary/main bank account. It doesn’t have to be of past 6 months but I assume regular transaction is one major criteria. I submitted only two and a half months statement and after spending two agonizing weeks, thinking that there might be an issue as it’s a relatively shorter time-span, got the visa without any troubleIt is also not a necessity to maintain more than 1 lakh throughout last 3/6 months (time-span for your bank statement). I don’t believe in keeping money idly in my bank account :). So I invest readily whenever I get a chance. Sometimes there’s even less than 10,000 INR in my bank because of that. So after reading all the online reviews and answers, I was apprehensive of this issue as well. But it was not a problem in the end. One thing that I did was that I had also produced proof of my investments along with the bank statement. I guess that might have helped my caseIf you are employed by any private/government organization, producing regular salary slips is as important as bank statements I believe. This can show that you have a regular income and if you show your salary account, it explains all the major fund inflows into your account. It is advisable to produce last 3/6 months salary slip. I had submitted for last 3 monthsHaving a balance of INR 1,50,000 to 2,00,000 is fair enough at the end of your bank statement. Do not deposit money from any personal account all of a sudden as it shows that you did it for the visa purpose onlyThe most important thing of all is that you need to make sure that you have enough funds to cover your travel to UK and you have attachments back home for which you’d definitely comeback, be it job or family. Just try to logically put that into your application form and supporting documents and you would be good to go :DFeel free to ask me anything else on applying for standard UK visitor visa from India as I had applied for it and got it a week back. Cheers!
As one of the cofounders of a multi-member LLC taxed as a partnership, how do I pay myself for work I am doing as a contractor for the company? What forms do I need to fill out?
First, the LLC operates as tax partnership (“TP”) as the default tax status if no election has been made as noted in Treasury Regulation Section 301.7701-3(b)(i). For legal purposes, we have a LLC. For tax purposes we have a tax partnership. Since we are discussing a tax issue here, we will discuss the issue from the perspective of a TP.A partner cannot under any circumstances be an employee of the TP as Revenue Ruling 69-184 dictated such. And, the 2022 preamble to Temporary Treasury Regulation Section 301.7701-2T notes the Treasury still supports this revenue ruling.Though a partner can engage in a transaction with the TP in a non partner capacity (Section 707a(a)).A partner receiving a 707(a) payment from the partnership receives the payment as any stranger receives a payment from the TP for services rendered. This partner gets treated for this transaction as if he/she were not a member of the TP (Treasury Regulation Section 1.707-1(a).As an example, a partner owns and operates a law firm specializing in contract law. The TP requires advice on terms and creation for new contracts the TP uses in its business with clients. This partner provides a bid for this unique job and the TP accepts it. Here, the partner bills the TP as it would any other client, and the partner reports the income from the TP client job as he/she would for any other client. The TP records the job as an expense and pays the partner as it would any other vendor. Here, I am assuming the law contract job represents an expense versus a capital item. Of course, the partner may have a law corporation though the same principle applies.Further, a TP can make fixed payments to a partner for services or capital • called guaranteed payments as noted in subsection (c).A 707(c) guaranteed payment shows up in the membership agreement drawn up by the business attorney. This payment provides a service partner with a guaranteed payment regardless of the TP’s income for the year as noted in Treasury Regulation Section 1.707-1(c).As an example, the TP operates an exclusive restaurant. Several partners contribute capital for the venture. The TP’s key service partner is the chef for the restaurant. And, the whole restaurant concept centers on this chef’s experience and creativity. The TP’s operating agreement provides the chef receives a certain % profit interest but as a minimum receives yearly a fixed $X guaranteed payment regardless of TP’s income level. In the first year of operations the TP has low profits as expected. The chef receives the guaranteed $X payment as provided in the membership agreement.The TP allocates the guaranteed payment to the capital interest partners on their TP k-1s as business expense. And, the TP includes the full $X guaranteed payment as income on the chef’s K-1. Here, the membership agreement demonstrates the chef only shares in profits not losses. So, the TP only allocates the guaranteed expense to those partners responsible for making up losses (the capital partners) as noted in Treasury Regulation Section 707-1(c) Example 3. The chef gets no allocation for the guaranteed expense as he/she does not participate in losses.If we change the situation slightly, we may change the tax results. If the membership agreement says the chef shares in losses, we then allocate a portion of the guaranteed expense back to the chef following the above treasury regulation.As a final note, a TP return requires knowledge of primary tax law if the TP desires filing a completed an accurate partnership tax return.I have completed the above tax analysis based on primary partnership tax law. If the situation changes in any manner, the tax outcome may change considerably. www.rst.tax
If a student fails in 2 subject(s) out of 6, is he/she eligible to fill the compartment for both the exams or only one?
The subject which was additional you can skip that if you want to.but another mandatory subject is compulsory to give to complete your higher qualificationElse you will not have your DMC in which it will be written that you have passed your 12th
How do I fill out the online application for a tourist visa to Canada for a family, one account and two applications or two accounts for two applications?
One account for all applicants is adequate assuming others are close family members. if they are not related in any way, ask them to create separate account and apply on their own. You can keep yourself as primary applicant and add family members as secondary. Just follow instructions on the website- very simpleApplication for Visitor Visa (Temporary Resident Visa - TRV)
I have decided for the rest of my life to help no one who is not my family. How will my life work out?
There are two ways to think about this. Insurance:In any insurance, you pay small amounts over time in the promise that if you are stuck by misfortune the insurance company would pay. For instance, I pay $200/month for my health insurance and if I ended up paying $50,000 on a major surgery, I expect the insurance company to pay for this (250 times what I paid). This helps both me and the insurance company.Helping others is a part of the social insurance. It takes only a few minutes  of effort to help that fainted man on the street. It takes only a minute to call the emergency if your neighbor falls sick. It takes only a few seconds to smile & say hello to passerby. And if misfortune happens on you through an accident, the social insurance would kick in and a passerby would pay back by calling the ambulance at the right time & saving you from years of hospitalization. Small premium. Big payouts. Contracts: There are a variety of contracts we get into - explicit and implict. Explcit contracts are the legal ones where you give your word on something - like agreeing to repay the loan or not damaging the rented property you live in. Implict contracts are the social ones that you "sign" just by being a part of the society. Helping others in little ways is part of that social contract. Violating legal contracts attract legal penalities - fines, jail, etc. Violating social contracts attract social penalities - forced loneliness, cold stares, banishment etc. While it might not be immediately apparent to you on what the social penalities look like [given how implicit this is woven into the society] you might discover it only too late - too late to make amends of. Trust once broken, is harder to get back. Contracts are based on trust. No one would trust you to get back into that social contract. For instance, in some societies if you violate the social contract and in old age happen to faint in the middle of the road, no one might help you get back to your feet. Thus you might end up in the mortuary than in a hospital.In less complex societies, there are fewer legal contracts and more of social contracts - like the tribal societies we come from. But, in more modern societies, more of social contracts become legal contracts. Thus, by law you are often forced to help pay for the benefits of poor, old and sick as part of your tax. Whether you think logically or ethically or morally or religiously, it makes absolutely perfect sense to help others. Not helping anyone outside your family is stupid, reckless & will bring unlimited misfortune.
How can a family of four afford to pay for the tickets to see a Toronto game with out having to sell their house?
Huh your question is not ckear. Are you referring to hockey, baseball or basketball? Nevertheless, these games are not that expensive to see. So, you don’t have to sell your house.
Is it worth it to open a deposit account in one of the Turkish banks noting that I have a family of four and I plan to settle in Turkey and survive out of the account profit?
Not really sure. Things to consider is how safe are the Turkish Banks? Money exchange fluctuations? With internet banking, keep your account open and draw from it? Have a family member open an account and transfer part of your pay to it [Work from two accounts.]. Hard to say. I kept my account open for automatic deposit, and, opened another account with a monthly deposit. It has help me several times. Might want to talk to a financial manager for the best solution. Hope this helps. By the way, I was stationed in Turkey and travelled all over the country. Everywhere I went the people were very courteous and helpful. The various parts of the country were beautiful. I’d go back if I had the chance.FG
How do you cope when one of your siblings won’t talk to you but talks to rest of the family, this is making any family gathering difficult, our parents are dead it’s just the four of us boys?
You have a couple of choices here.You can do what I do and ignore the fact that they aren’t talking to you but also make no effort to start a conversation with that sibling. This causes the least amount of stress in my life.You can confront your sibling about it and try to resolve whatever they are feeling hurt about.You can avoid family gatherings.You can host family gatherings and thus force them to at least come into your space.You can talk all your siblings/family into icing your uncommunitave family member out as well.You can be the bigger person and continuously attempt to mend the bridge by trying to talk to said sibling.
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