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16 November 2024 | 6 replies
BP has some and also you can use Legal Templates to create one.
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17 November 2024 | 5 replies
Assuming that the act of wholesaling is legal in your area, have all the costs associated with closing go through the title company.
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19 November 2024 | 9 replies
It may also help keep the litigation target off your back.As always, check with your competent legal counsel--not all attorneys speak fluent "trust function and formation".
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17 November 2024 | 1 reply
Time the Sale Strategically: Selling the property in a year when your income is lower can place you in a lower capital gains tax bracket, reducing the tax rate on your gains.8.Deduct Selling Expenses: Costs associated with selling the property, such as real estate commissions, legal fees, and advertising expenses, can be deducted from your sales price, thereby reducing your taxable gain.9.
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17 November 2024 | 9 replies
She's probably using one floating around the office, one you provided, or one she bought from an attorney that's full of legal jargon and missing important clauses.
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18 November 2024 | 8 replies
@George Fleming Better make sure it's legal to do that.
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18 November 2024 | 47 replies
It is the IRS rules around short term rentals.Loophole - A way of avoiding or escaping a cost or legal burden that would otherwise apply by means of an omission or ambiguity in the wording of a contract or law.
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15 November 2024 | 3 replies
I currently only have 1 duplex, however I want to set this up right so it will work for any size portfolio.Currently I haveHome folder>multi family/single family/legal documentsInside the multi family I have Name of property-> general property maintenance/first floor/second floor Inside of first floor (the one currently rented)I have, pictures (before and will have after) / lease documents / a spreadsheet with each month, what day rent was paid, if it was late, if late was fee paid?
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16 November 2024 | 2 replies
Our counsel previously advised we are legally entitled to a greater amount including all lost rent until the home was re-signed, cost of lock-out, cost to clean up house, physical damage, ect.For context, this is a solid house in a decent neighborhood and we never had prior issues with the tenant.
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16 November 2024 | 3 replies
Then additional expenses for virtual assistants, legal help, accounting, etc.