Corey Gelineau
About Inspection Contingency
22 November 2024 | 5 replies
Quote from @Corey Gelineau: The inspection contingency is used to legally back out of a contract due to the property being in an unacceptable condition upon inspecting the property.
Paul Evans Jr
Tenant wants to break year lease after 2 months
22 November 2024 | 12 replies
From what I'm reading here, and we immediately sought legal counsel on this, they're totally free to move out anytime they want.
John Kelly
LLC at homestead house hack
22 November 2024 | 7 replies
An LLC does not provide much legal protection, it acts as a legal firewall to separate assets.
Henry Clark
Self storage- Political impact November 2024
25 November 2024 | 2 replies
Even if every Concrete crew was "legal", wages would pull them to other low paid laborer jobs such as landscaping, house framing, meat packing, etc, causing wages and cost to go up for new Self Storage Construction, let alone availability.Security Systems- yep sourced overseas, China.Interest rates going lower, but I expect Inflation to go higher.
Tyler Gilpin
Section 8 Market Rent etc
21 November 2024 | 19 replies
FY 2024 $fmrtype$ Fair Market Rents Documentation System — Select GeographyI hope you can open this link, I don't know if it will work on this post, if doesn't you can DM me and I can send it via email to you.I'm investing in Montgomery now, C class properties, section 8 and regular rentals are about the same $$ in the area, I try to target Spanish tenants and has been working well, I'm new on out of state investing only 5 months but I can't complaint, everything is working great, the cash flow is good!
Megan Alan
House Hack Newbie in Oregon
26 November 2024 | 18 replies
The good thing about househacking a legal multifamily unit is that lender allows you to use the vacated units of 75% market rent as an income to offset the potential current mortgage.
Turgut Oz
What is the best set up for Series LLC? Checking account and overall structure
25 November 2024 | 12 replies
Regarding number one, while it may or may not be legally necessary (not sure), I think it's a good idea to have a separate account for each entity.
Majdi Chowdhury
Seller Financed Home - looking to do DSCR loan or is there something better?
25 November 2024 | 11 replies
Generally there is consensus that DSCR Lenders can only offer a 1% prepayment penalty for up to 3 years in MI, but some lenders have recently reportedly been flaunting this rule - I would just tread carefully here in this area, generally not advisable to get potentially tangled up in a flawed legal doc with a non-sophisticated or fly by night lender
Brandon Morgan
payment methods for tenants
28 November 2024 | 15 replies
If the issue continues, consider offering a formal payment plan or seeking legal advice.
Shibu Thomas
renting out a basement apartment.
20 November 2024 | 18 replies
I sold a property last year that required the owner to get a certificate of nonconformity to be a legal two family.