How do I get a loan against owned house to buy new property?
Loan against property is a great option once you have a clear plan about what you need the mortgage for. This helps you utilise the loan efficiently, covering random cash needs which might arise and also to pay off the loan on time.Eligibility is calculated based on the following factors,AgeIncomeValue of propertyExisting obligations, if anyStability of employment and businessPast borrowing track recordYou should have relevant documents of your employment and business along with proof of identityEMI CalculatorYou can use the Loan Against Property EMI Calculator to check your repayments. Use slider to select your loan amount, tenor (in months) and rate of interest to get your monthly installments. EMI gets reduced when there is a drop in interest rate and if you make a partial payment (i.e., when you pay back more than you need).Online Account ManagementOnline account management gives you ease of access to keep a check on your amortization schedule. It is a tabular format which shows reduction of principal amount by monthly installments. It gives the break-up of every EMI paid towards repayment of interest and outstanding on your property loan.
"Listing agent has an ownership interest." whats that mean?
When a listing agent has an "ownership interest" it usually means that agent owns all or part of the property. It can also mean that agent has a direct or indirect investment interest in the property. In this case, it is highly recommended that you seek your own representation by working with a Buyer Agent who will have your best interest at heart. Hope the above answer is clear. Warmest regards, Belinda
What happens after 90 days if you don't pay Rent-A-Center?
What happens after 90 days if you don't pay Rent-A-Center?My idiot older son just had an encounter with Rent-A-Center after not paying his fees. And it doesn’t take 90 days for RAC to take action.The first business day the payment was late, RAC began calling him.A few days after that, an RAC truck pulled up to my house because he’d told them he lived with me. I made his payment for him because he wasn’t answering my calls, either.According to the manager I talked to when I made the payment, if they don’t get a payment or cannot pick up the rented items in the 5 business days after the payment is missed, the new company policy is to file a stolen merchandise complaint with the police. That means at some point, a nice policeman would be knocking on my door, looking for my son. I did warn him that if that happened, I WOULD tell the nice policeman where to find him. (He was living in an extended stay hotel at the time.)
Are there well-known people or companies in the industry which are looking to finance prospect patents?
No. Those sorts of expenses for their own sake are of little or no interest. The sorts of entities you are thinking of (Corporate VC funds and programs and industry specific angel funders) are in the vast majority not interested in funding IP campaigns/expenses without an attached business. Quite the inverse, they see the IP work as an attachment to and partial protection for a business enterprise. There are "non-practicing entities" that buy patents (that already exist) and then rent them out or chase down infringers. But that is after the fact. So to get that money (and more for the other stuff while you are at it) you need to layout the business argument for the enterprise that exploits that IP AND enumerate the array of skills and advantages of your team and the timing in the market, how you know the world wants to go your way, etc. Then, usually they want to see how they'll get the big pay-off if it works. And, implicit in all this is the question, "why don't you spend YOUR own money if it is such a good idea?" And I don't mean that in a disparaging way. It is just an important test of the seriousness of the enterprise. "Oh, I'm the idea guy - mine is sweat equity" only goes so far. There are good answers to these questions (implicit and explicit) but they will all spin around the ultimate foreseeable value in the overall enterprise and the likelihood of that value being realized. Not the ticket price of one of the ingredients.One more way to think about this: if I gave you the money for just the patent -I'd want to own some part of it: the patent. I'd want to be able to exercise that ownership outside of your control (otherwise I don't own even that, right?) I also now have only partial interest in your success since my property can survive your failure. So you'd now owe rent on that patent to me. Now the business has me as a singular owner of a fraction of the business - maybe a very important fraction. This is bound to be trouble as our interests are not united. You want instead (but may not know it yet) a fractional owner of the whole thing to join you with money. That way your interests are much more aligned.
If I donate a week at my vacation rental can I write it off/take a tax deduction?
No, because it's considered to be a donation of less than your entire interest in the property. See http://www.irs.gov/publications/... under "Partial Interest in Property".Not only that, but if you are using the property as a means of generating rental income those days might count as "personal use" days, which might affect your ability to deduct your expenses. See http://www.irs.gov/publications/....
Can I legally and easily buy 50% of my parents house?
A lender would agree to it if both you, your spouse and your parents were all in agreement and named on the promissory note guaranteeing that the lender has a first position lien on the property. This means that if you default on the loan, the lender could take possession of the property from you AND your parents. The banks would have no problem doing this, but your parents would be idiots to approve this as they have the most to lose.