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5 November 2024 | 15 replies
Nah needs to be 30+ apartments syndicated from a blind pool of investors with no money of your own before you turn 18 years old on a sub-to commercial deal skirting the lines of legality placed in an LLC INSIDE of a reverse S-Corp with dividend disbursements on a quarterly schedule of 10+%.
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4 November 2024 | 10 replies
The good thing about househacking a legal multifamily unit is that lender allows you to use the vacated units of 75% market rent as an income to offset the potential current mortgage.
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1 November 2024 | 5 replies
Especially from a legal liability perspective.
5 November 2024 | 14 replies
I'm also asking for contractor, CPA, insurance, and legal references from the property managers and will speak with / cross-reference them before going forward with one.
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1 November 2024 | 3 replies
It's a factual and legal question.
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2 November 2024 | 2 replies
Hey @Liz Zack I will start off by saying that I am not an attorney and this is not legal advice.I do not know all of the details here, but it sounds like you are going direct to seller on this deal.
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6 November 2024 | 42 replies
I should have clarified some of the things you pointed out though as that is common practice buying a STR anywhere to verify what permits you need and how to operate legally in the city.
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1 November 2024 | 18 replies
The only real way to create a "warning" is to pursue them legally to get an arrest or to get a money judgment - both of which will show on a background check.Although, all the tenant rights advocates are pushing to STOP landlords from being able to consider criminal history in tenant screening:(
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31 October 2024 | 6 replies
My question is, can I legally rent this space?
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31 October 2024 | 3 replies
(Also, caveat to make sure this is all legal in your state as each is different)One - they are going to move out and leave a ton of stuff behind.