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14 July 2024 | 5 replies
Future Rights: It is common for leases to either:Cover existing tenants and equipment: This means the lease covers only the equipment and tenants on the tower at the time of the sale.Include provisions for future tenants: Some agreements might allow for new tenants and equipment to be added, potentially impacting the compensation.Lump Sum Payments: When a lease is sold for a lump sum, it often includes a transfer of the right to collect future rents from existing tenants.
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14 July 2024 | 6 replies
Oceanfront homes are extremely limited and commonly ask $1.6M+-$2M++ in the center of town it can be very difficult to secure an STR permit due to saturation (active neighboring vacation rentals) requirements.Lincoln City offers a variety of oceanfront home options, the challenge with oceanfront STR's in Lincoln County is that actively licensed STR's do not transfer and would generally be subject to a lengthy waitlist.
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13 July 2024 | 24 replies
Borrower contact information (name, address, phone number, email) Loan details (account number, loan amount, outstanding balance, interest rate, payment history) Copies of loan documents Borrower Notice: The original lender should notify the borrower about the transfer and the information being shared with the new servicer.
12 July 2024 | 5 replies
Essentially, each property owner has two accounts, one in USD for rental income, property management transactions, and commission paid to me, now the other account is in a foreign currency and deals mostly with the rental expenses and transfers from their USD account to cover these expenses.Any suggestions would be greatly appreciated!
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12 July 2024 | 10 replies
If i buy the property as myself and then transfer the title to the LLC, it could trigger the pay in full clause.
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11 July 2024 | 10 replies
They can help you structure your budget and provide more precise estimates based on your specific circumstances.
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11 July 2024 | 2 replies
Do I need to make the HOA aware of the deed being transferred?
12 July 2024 | 8 replies
Hey Zach and Jason,Leases transfer with upon sale of leased property.
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13 July 2024 | 9 replies
For things like that you can present the tenant with the bill and they add it to the rent and you pay the bill directly, so you know it is paid.Also make sure the damage deposit is transferred to you from the previous owner at closing as that money belongs to the tenant.
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14 July 2024 | 27 replies
Even if you do not have VA eligibility (non-veteran) you can still assume these loans if the seller allows their eligibility to transfer with the loan!