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15 October 2024 | 40 replies
FHA loans and similar first-time buyer programs offer better terms than what you'd likely get with an LLC, making them a smarter choice for your first investment, if house hacking.If you decide to move your property into an LLC later, it's possible through a quit claim deed, but it's crucial to consult an attorney to navigate the mortgage implications and legalities correctly.
10 October 2024 | 0 replies
If the bottom insulation of the home is torn and the skirting is not properly maintained, it can cause a host of other issues, like pest and moisture problems.Additionally, if the foundation is not sturdy enough, situated correctly, or on a concrete slab (permanent foundation), a mobile home’s support may sink slowly into the earth over time.
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14 October 2024 | 31 replies
Hey Shelby - You are correct, turnkey properties don't get the lime light like flips / brrrs get in general within the BP community.
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12 October 2024 | 7 replies
In which case, if he sets up the state LLC correctly, and depending on what documents are available for public viewing, he would be able to pull it off no?
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10 October 2024 | 8 replies
VA's seem great but I am leery of managing and them doing what I want correctly
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11 October 2024 | 7 replies
You are correct @Jay Hinrichs.
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15 October 2024 | 24 replies
This creates a record of your communication, which could be important if legal issues arise later.Liability Considerations: You’re correct in thinking that getting the LLC to pay for roof repairs could be difficult, especially if they own no assets or claim no liability for the tree falling.
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11 October 2024 | 17 replies
@Maria Diaz You’re asking all of the correct questions.
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14 October 2024 | 420 replies
Thus making the information only relevant if applied correctly.
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18 October 2024 | 37 replies
I have not heard of these folks but you may very well be correct maybe there is only a handful at a time.