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14 November 2024 | 24 replies
Good luck. haha i would run away from anyone self-proclaiming as "financial expert" with the expectation to "meet the guru / mentor/coach / master of all business" in his/her personal residence lol I have not google him yet but I bet he is taking picture in front of luxury house and driving sports car ?
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13 November 2024 | 8 replies
One approach we've taken is implementing a move-in and move-out inspection (with photos) to limit wear and tear.
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14 November 2024 | 22 replies
There may be a limit on the amount of partners allows as many lenders want the personal guarantor to have a certain amount of ownership in the entity.More info on DSCR loans:DSCR loans won't use your income to underwrite the loan.
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13 November 2024 | 8 replies
https://www.cbs8.com/article/news/local/working-for-you/new-...Good luck I know that area—space is limited.
13 November 2024 | 8 replies
Significant changes to lease terms that impact tenantAlso, the tenant would not qualify for relocation assistance if they live outside of Portland City limits, live with their landlord, or have a week-to-week tenancy.The tenant has a "Right to quiet enjoyment" No entry is allowed for maintenance or repairs without proper 24-hour notice.
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13 November 2024 | 66 replies
In my limited experience, they seem to lower it by $10K at a time.
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14 November 2024 | 25 replies
Otherwise you can break the limited liability benefit (if operating as a LLE).
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11 November 2024 | 5 replies
While you can't create limitations against their lease and legal rights they have for quiet enjoyment, things like keeping common areas free of clutter or routine maintenance items that are tenant responsibility can often be added to help keep the expectations on both parties clear.
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11 November 2024 | 8 replies
.: There IS going to be a big impact on Real Estate, especially for Single Family and small Multi-Family that is Owner Occupied.The SALT Deductions are slated to expire at the end of 2025.Trump has already said that he will allow it to Expire:https://about.bgov.com/insights/elections/2025-tax-policy-cr...This is NOT a small change.The Standard Deduction gets reduced by about 40%.Then you get to deduct the SALT (State and Local Tax) that you paid PLUS up to $1 Million in Interest from your Mortgage against your Federal Tax Return.The only limiting factor will be AMT (Alternative Minimum Tax).In 2017 when this Cap was put into place, it made sense.However, now that the average Home sells for about Double what it was back in 2017, many normal Americans can benefit from the Expiration.I'm hoping that the Trump Administration does not extend the Cap.Too many people will love him more if he allows it to Expire!
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13 November 2024 | 9 replies
It sounds like a duplex or smaller multi so getting detailed information for this size of property may be very limited.