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16 October 2024 | 10 replies
Explain the situation and see if they’re willing to extend terms or provide additional funds to complete the renovation.
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16 October 2024 | 1 reply
Does anyone have a cleanliness clause in their leases that that invoke when they do periodic walk through?
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15 October 2024 | 3 replies
They will have a reclaim period or something like that where they just have to pay you whatever you put in + interest.
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17 October 2024 | 9 replies
Here are a few of the old threads, to get you started (and probably more confused).https://www.biggerpockets.com/forums/51/topics/1164339-what-...https://www.biggerpockets.com/forums/51/topics/1177752-capital-gains-on-partial-releasehttps://www.biggerpockets.com/forums/51/topics/1200256-tax-implications-of-holding-period-for-property-flip-in-floridahttps://www.biggerpockets.com/forums/51/topics/1184208-self-employment-or-long-term-investment-income
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16 October 2024 | 5 replies
Once the “cure” period is expected, the lender has to send a notification of intent to foreclose to same parties.
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15 October 2024 | 1 reply
Toward the end of the due diligence period we received the final piece of critical info to make our decision: a lease agreement for a cell tower on the corner of the property.
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15 October 2024 | 3 replies
When it makes sense to refinance in the future, we'll take advantage of that.2.Attractive Investor Returns: With an 80/20 LP/GP split for cash flow and upside, we’ve projected a 12-16% IRR over a 5-10 year hold period.
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16 October 2024 | 4 replies
My list includes - last 2 years employment history and current employment [2 paystubs], criminal checks, eviction checks, No Pets, No smoking, tenant pays utilities, maintains landscape, no subleasing, bring own washer & dryer, 1 month security deposit and transfer of utilities before moving in, rental insurance, all occupants will be on lease, notice period of 2 months for termination, tenant references, No cosigners, no painting walls, late fee notice, any hoa fines should be paid by tenant, inspection of property at 3, 9 and 12 months.Please let me know if I am missing anything.3.
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15 October 2024 | 26 replies
Most multi participant retirement plans are Federally exempt from creditor judgements; IRAs are Federally protected as a bankruptcy exemption up to $1,512,350; some states (Texas, Florida) extend this protection to the full amount held in the IRA or any other retirement account.5.