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25 June 2024 | 17 replies
I have a house for rent and have been approached by a Blue Orion (blueorion.co) that wants to lease and sublet it to corporate clients.
28 June 2024 | 13 replies
In this case, we will proceed under the terms of our contract, which includes the obligations and responsibilities outlined therein."
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28 June 2024 | 12 replies
We managed 20 rentals while working full time corporate jobs.
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27 June 2024 | 1 reply
The note which represented the major part of the purchase price was secured by the business In general but was more like a corporate bond.
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26 June 2024 | 17 replies
For most people high debt will eliminate a high credit score (wealthiest excluded).3) FICO takes into account credit obligations that were not satisfied (I.e. are in default). 4) the entire purpose of FICO is to use an algorithm to determine likelihood that the person will pay future debt obligations.5) a good FICO provides the potential stick used to collect moneys owed.
28 June 2024 | 10 replies
This means that you will probably need to pay registration and filing fees in at least 2 states if you don’t buy CA property as a CA resident.Any lawsuits should be limited to the assets of the LLC and not your personal assets (assuming you run the LLC appropriately and the corporate veil is not pierced, some debate as to SMLLC).
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27 June 2024 | 5 replies
d) Are there any specific legal obligations that the "statutory agent" need to fulfill?
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26 June 2024 | 2 replies
While the company's legal counsel is confident in their financial stability, having a guarantor ensures that you're protected if the company fails to meet its obligations.
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26 June 2024 | 5 replies
The good thing about Texas is that the state does not have a state income tax.The only potential filing oblgation that you can have with Texas is if you have an LLC and therefore required to file a franchise tax obligation.
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27 June 2024 | 10 replies
(and yes, DSCR are personally guaranteed) The number of financed properties calculation includes:the number of one- to four-unit residential properties where the borrower is personally obligated on the mortgage(s), even if the monthly housing expense is excluded from the borrower’s DTI in accordance with B3-6-05, Monthly Debt Obligationsthe total number of properties financed (not the number of mortgages on the property nor the number of mortgages sold to Fannie Mae), with multiple unit properties (such as a two-unit) counting as one property;the borrower’s principal residence if it is financed; andthe cumulative total for all borrowers (though jointly financed properties are only counted once).