Sentences with phrase «such as a primary residence»

They can not be held for personal use such as a primary residence, second home or vacation home.

Assets — What you own, such as your primary residence and your car.

Investment property can always be converted to personal use, such as a primary residence.

It does not apply to property held for personal use such as your primary residence, second home or vacation property, although certain exceptions may apply as outlined in Revenue Procedure 2008 - 16.

Not exact matches

• 35 % of retirees have less than $ 1,000 in savings and investments that could be used for retirement, not counting their primary residence or defined benefits plans such as traditional pensions; 53 % have less than $ 25,000.

I'm sure I could cut expenses such as my credit card bill, and sell my primary residence and downsize to make my savings last forever.

are easy enough perhaps for the federal government to track, but each one is generally complicated by a related question such as «Is this your primary residence?».

If Superdate offers securities in the United States through Regulation D, Rule 506 (c) in the future, the offer and sale of such securities will only be made to «Accredited Investors,» which is generally defined for natural persons as persons having a net worth of over $ 1 million (exclusive of the value of their primary residence) or gross income in excess of $ 200,000 individually or $ 300,000 jointly with a spouse in each of the last two years with the same expectation to match or exceed such thresholds in the current year

However, since all siblings are tenants - in - common and the inherited home is not a primary residence, there will be a capital gains tax hit when there is another disposition of the property, such as the sale of the home.)

Complying with all the loan terms, such as continuing to live in the home as your primary residence.

If you fail to meet IRS qualifications for your primary residence and must relocate due to uncontrollable circumstances such as a decrease in income or a job transfer, you may still qualify for a partial tax exemption on your home sale profits.

The new wealth report tracks net worth of individuals, with assets defined as investments such stocks, bonds, cash, and primary residences.

The loan will not become due and subject to repayment as long as you continue to meet loan obligations such as living in the home as your primary residence, maintaining the home according to the Federal Housing Administration (FHA) requirements, and paying property taxes and homeowners insurance.

As per this law, any debt discharged on a primary residence, such as mortgage debt, is exempt from taxatioAs per this law, any debt discharged on a primary residence, such as mortgage debt, is exempt from taxatioas mortgage debt, is exempt from taxation.

Many people forego a hard money loan if they are buying their primary residence, have great credit, good income reports, and no poor history such as short sale or foreclosure.

However, one of your team members, Brian, whom I met in Santa Ana, really cared about my situation and gave me such sound advice that not only was I able to keep my existing residence, but he informed me that if I filed Chapter 13, there would be a way to remove the 2nd trust deed loan on my primary residence as well as unsecured debt.

Employee Personal Umbrella Liability program (PUL)-- increases your personal liability limits by supplementing your primary insurance on a wide range of personal liability exposures such as residences, autos, watercraft, recreational vehicles, pets, swimming pools, etc..

Morneau initiated regulatory changes that make it more difficult to get home loans, but he so far has stayed away from sacred housing sops, such as the capital - gains exemption on primary residences and the ability of first - time buyers to use their tax - protected savings to purchase homes.

Ludwig's father Maximilian loved the residence, and as such, it was Ludwig's primary childhood home.

Selling someone on a straw bale house, earth ship or solar passive home can be difficult, but if they could rent one and live in it for a few months they may understand the benefits as well as the life style changes required and be more open to having such a home as their primary residence.

The parent who is named the «conservator» in a parenting agreement becomes essentially the «primary» parent, making the decisions on things such as education, healthcare, and primary residence.

- The new owner may terminate the tenancy if the owner will occupy the unit as a primary residence, and has provided the tenant a notice to vacate at least 90 days before the effective date of such notice.

It is also a good idea to keep receipts for any expensive items and store this documentation in a location outside of your primary residence, such as in a safe deposit box or in digital form in «cloud» storage.

This means that a disaster such as a flood qualifies as a covered reason for cancelling your trip when your primary residence (or your destination residence) is so badly damaged that it's unsuitable for living in.

Trip interruption is a valuable benefit that would pay for making necessary travel arrangements if you needed to return home earlier than planned due to covered reasons such as death of a close relative or your primary residence is flooded.

Your primary place of residence or destination is uninhabitable if: (i) the building structure itself is unstable and there is a risk of collapse in whole or in part; (ii) there is exterior or structural damage allowing elemental intrusion, such as rain, wind, hail, or flood; (iii) immediate safety hazards have yet to be cleared such as debris on roofs or downed electrical lines; or (iv) the property is without electricity or water.

Your primary place of residence is uninhabitable if: (i) the building structure itself is unstable and there is a risk of collapse in whole or in part; (ii) there is exterior or structural damage allowing elemental intrusion, such as rain, wind, hail, or flood; (iii) immediate safety hazards have yet to be cleared such as debris on roofs or downed electrical lines; or (iv) the rental property is without electricity or water.

You'll pay the same premium year after year until you make certain changes to your policy, such as adding or removing a vehicle or a driver or changing your primary residence.

And additional properties, such as second or vacation homes, in addition to your primary residence should have the same amount of protection.

However, even if the conservatorship is joint, a court may grant extra rights, such as the right to choose the child's primary residence and receive child support, to only one parent.

For example, parents can decide that a toddler needs to sleep in her own bed each night at the primary caregiver's residence until she reaches a specific age, such as school age or 5 years old.

The loan will not become due as long as the borrower continues to meet loan obligations such as living in the home as their primary residence, maintaining the home according to the FHA requirements, and paying property taxes and homeowners insurance.

The loan will not become due and subject to repayment as long as you continue to meet loan obligations such as living in the home as your primary residence, maintaining the home according to the Federal Housing Administration (FHA) requirements, and paying property taxes and homeowners insurance.

Private REITs generally can be sold only to institutional investors, such as large pension funds, and / or to «Accredited Investors» generally defined as individuals with a net worth of at least $ 1 million (excluding primary residence) or with income exceeding $ 200,000 over two prior two years ($ 300,000 with a spouse).

As long as you continue to honor loan terms as promised, such as paying property taxes and home insurance and occupying the home as your primary residence, you can retain ownership of your homAs long as you continue to honor loan terms as promised, such as paying property taxes and home insurance and occupying the home as your primary residence, you can retain ownership of your homas you continue to honor loan terms as promised, such as paying property taxes and home insurance and occupying the home as your primary residence, you can retain ownership of your homas promised, such as paying property taxes and home insurance and occupying the home as your primary residence, you can retain ownership of your homas paying property taxes and home insurance and occupying the home as your primary residence, you can retain ownership of your homas your primary residence, you can retain ownership of your home.

It is not uncommon for a taxpayer to convert property from one use to another such as converting a primary residence into investment property by moving out of the property and begin renting it out or using it in his or her business, or by converting an investment property into a primary residence by moving into the property and treating it as his or her primary residence.

Complying with all the loan terms, such as continuing to live in the home as your primary residence.

You and / or an eligible spouse — who must be named as such on the loan even if he or she is not a co-borrower — live in the home as your primary residence.

Hope that clarifies, I've had borrowers use 401k loans from a variety of administrators such as fidelity, vanguard, nationwide, ING, prudential, and etc and I've seen them bein used for purchase or refinance on primary residences.

Fifty - five per cent would be willing to make compromises with regards to their financial or lifestyle choices, such as purchasing a property with family and friends, renting out their cottage, making a cottage their primary residence, buying a fixer - upper or moving into a smaller principal home in the city.

On the other hand, with a traditional mortgage, the retiree could relocate and keep the original house as rental or investment property, while the reverse mortgage would require a payoff in such a scenario (as the retiree would cease to use the properly as a primary residence, one of the key requirements for keeping a reverse mortgage in place).

In the case of a dual use property, such as ranch, retail store, duplex or triplex, the Investor can defer taxes on the portion of the property used for business or investment under Section 1031 of the Internal Revenue Code and exclude capital gain on the portion used as the primary residence under Section 121 of the Internal Revenue Code.

As such, an investor's primary residence would not qualify for purposes of a 1031 exchange.

City leaders have proposed changes to rein in short - term rental abuses, such as limiting people to only rent out their primary residence for up to 120 days a year.