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22 May 2024 | 5 replies
@Kelvin HeSome things to consider:Transfer Taxes: Some jurisdictions impose transfer taxes when property ownership changes, even if it's to an LLC you own.Due-on-Sale Clause: Check your current mortgage agreement for a due-on-sale clause, which might require you to pay off the mortgage if the property is transferred to an LLC.
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22 May 2024 | 7 replies
(Yes I know there are other restrictions/conditions.)In the past, I have toyed with the idea of a vacation/rental property in Ocean City, MD, Rehoboth/Bethany/Dewy, DE, and/or the Deep Creek Lake, MD area (I like the idea of being within 3 hours of the rental property in case something goes horrible wrong and I need to travel to the property).
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22 May 2024 | 5 replies
If the tenancy is a specified lease term under a written agreement, and the lease term has not yet expired, you cannot impose a rent increase during the term, unless the lease agreements provides that you may do so.
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20 May 2024 | 8 replies
I met a private mortgage broker through the forums that told me North Dakota is very restrictive.
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23 May 2024 | 11 replies
Plus, if a unit is vacant, you lose part of your potential income, which might be more impactful compared to having multiple units in a larger property.Market Limitations: Depending on the Lubbock market, there might be a limited number of duplexes available, which can restrict your options or inflate prices due to high demand.Resale Market: Duplexes might not appreciate as rapidly as single-family homes, depending on the area and market trends.Hope that gets you started, shoot any questions you have my way!
22 May 2024 | 18 replies
I’m sorry your fees are so high per transaction you have to offer one for a higher rate lower ltv and restricting the borrower from potential cashout .
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21 May 2024 | 4 replies
Air restriction was causing my system to freeze and over work.After 3 months the cost of this mat is $400/ month + $300 service charge.
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21 May 2024 | 0 replies
Each lot is .5-.75 acres without HOA restrictions.
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20 May 2024 | 1 reply
Is there any restrictions on calling it "insurance" if the landlord is just going to deposit it into their reserves?
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21 May 2024 | 2 replies
I'd do your due diligence to understand if there are parking or use restrictions here that might make backfilling the office space more difficult in the future.- So I understand correctly that you will "cash flow" or profit $80K a year?