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4 November 2024 | 6 replies
I also spoke with a landlord/tenant attorney over the weekend, who confirmed the same.
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4 November 2024 | 1 reply
Meeting with a real estate attorney is the right move, as they can confirm whether the HOA’s claim holds any water.
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6 November 2024 | 12 replies
Optimize your finances by reducing debt, boosting credit, and maintaining strong cash reserves.
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4 November 2024 | 7 replies
Usually your reserves for those categories will range from 25-30%, although maintenance & capex should initially be minimal since the home is new.
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6 November 2024 | 9 replies
You also need 12-24 months of reserves so need to hold back some of your down payment money possibly depending on other assets that you may have.
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3 November 2024 | 4 replies
If they do allow it, a third unit will need proper egress to get confirmed.
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2 November 2024 | 3 replies
What can happen if I decide not to meet their reserve if they ask us to increase our offer?
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3 November 2024 | 3 replies
Of course, you can hire a local inspector to confirm work is done before final payment, but that all requires some pretty decent process management.
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7 November 2024 | 15 replies
While most tenants might not be in a position to purchase, getting that confirmation can still add time and complexity.