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13 December 2024 | 2 replies
Assumption by an EntityUnfortunately, assuming a VA loan directly through a legal entity (such as an LLC, corporation, or trust) is typically not allowed because:Primary Residence Requirement: VA loans are designed for owner-occupied properties, meaning the assuming borrower must intend to live in the property as their primary residence.Credit Review: The VA and lender require the assuming party to undergo a personal credit and income review to ensure repayment ability, which entities cannot satisfy.3.
16 December 2024 | 8 replies
It’s always a good idea to consult a tax professional or real estate bookkeeper to ensure you maximize your deductions while staying compliant.
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11 December 2024 | 1 reply
We need to ensure that residents are not negatively impacted when selling properties.
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28 December 2024 | 8 replies
If he truly felt like I had wronged him, he must follow the proper channels.
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16 December 2024 | 18 replies
I will also add that many independent travelers that do room rentals enjoy having their own fridge.To keep things kosher in shared spaces, my friend who runs PadSplit says every room comes with one colors or plates cups etc to ensure that guests are accountable for their own dishes.
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19 December 2024 | 82 replies
Start small, build your confidence, and scale up as you gain experience to ensure financial stability and long-term success.Good luck!
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19 December 2024 | 10 replies
Just keep the amount within any local rules and give proper notice.
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24 December 2024 | 23 replies
But ultimately, any cost to the syndicator is ultimately a cost to the deal, which means that at the end of the day it costs the investor.Investors that can find quality sponsors, and do proper due diligence on them, can save an entire layer of cost by investing directly with those carefully selected sponsors versus investing through crowdfunding portals.Good luck!
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18 December 2024 | 3 replies
And if they are a hobbyist/part-time builder, then they should engage the proper professionals, i.e. a title officer, civil engineer, architect, contractor et al to assist in reviewing the project's feasibility.
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16 December 2024 | 4 replies
Does it make sense to cheap out over the few thousand dollars it will cost to go through a proper escrow and title process?