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30 August 2024 | 29 replies
They simply ruled on the ambiguity of the CZO, and said that if the voters wanted to amend the ordinance with specific instructions they are well within their right to do so, but since the CZO has no such restrictions are currently written, they cannot be banned.Everyone here would do well to read the court's own words on the subject before declaring STR regulation dead in NH:"Lastly, we decline to contemplate any policy considerations regarding the effect of STRs on the community when our task is to interpret the plain language of the Town’s ordinance.
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28 August 2024 | 17 replies
I refused to "subject to" the properties to him as they are all under my name and he doesn't have the ability to take over the loans.
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29 August 2024 | 5 replies
Most GCs won't even look at the comps to see what they'll need to make the subject house look like.
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28 August 2024 | 4 replies
Even if you create a non-CA LLC, if you are managing the business from California, you will likely be deemed to be "doing business" in California and therefore likely subject to CA taxes.
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27 August 2024 | 8 replies
@Darrell Kirby unless you know what you are doing, letting someone buy your rental, "Subject To" (the existing mortgage) is not advised.Typically, they will want you to transfer the deed to them, but keep the mortgage in your name.
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28 August 2024 | 7 replies
Again, I would recommend reviewing some of my previous posts on the subject starting with this one:https://www.biggerpockets.com/forums/12/topics/1185366-atten...
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28 August 2024 | 7 replies
However, if the owner does not comply with the lead law until 91st day, and a child living in the property is identified with lead poisoning during the 90-day period, then the owner is subjected to strict liability going back to the date of purchase.
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27 August 2024 | 7 replies
You have to account for that.4) This is all about the rental numbers, and if this is subject to rent control, right now the max you can raise rent is 4%.
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27 August 2024 | 4 replies
The property I am looking at has equity and only a purchase money loan (1st mortgage).I understand the basics, Wining the bid, gets me the deed subject to the existing loan.
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27 August 2024 | 10 replies
Quote from @Kaylin Gonzalez: would appreciate any information Hi Kaylin,Cash flow isn’t directly taxed; instead, it’s your net rental income that’s subject to taxation.