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15 October 2024 | 2 replies
Hi everyone,I'm going to be building a portfolio in Kansas City and at the start, the properties will be multi family targeted at MTRs.Does anyone have recommendations for legal counsel / prep on contracting for those?
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17 October 2024 | 4 replies
The allocation can affect property taxes and legal responsibilities.
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17 October 2024 | 16 replies
If your LTV changes from say 70 LTV to 80 LTV or even from 79 LTV to 81 LTV it can put you into a different interest rate pricing bracket and change the cost of rate.3) Changing vesting at the last minute to an LLC can require a last minute legal review.Now all that to say, there are definitely junk fees and other last-minute nonsense that gets added so lookout for those.
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16 October 2024 | 14 replies
. 💡4️⃣ General Tips: If you're partnering out of state, legal agreements are a must.
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16 October 2024 | 4 replies
I know you guys might not be authorized to give out legal advice but I figure it would be best to get opinions from those really doing it.
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15 October 2024 | 1 reply
Again, the seller refused (although I'm not sure if this would've been resolved legally at settlement regardless). (3) The cell tower was additionally paying a portion of real estate taxes which we were unable to confirm how much they were responsible for and if they had held up their end in recent years. (4) Cell tower had the right to purchase the lot for $1 at anytime during the lease and the right for an additional 2,500 SF of ground space.In the end we backed out at the end of the due diligence period in order to recoup our earnest money.
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15 October 2024 | 26 replies
This should be your priority, not interviewing 6 law firms for what amounts to a very simple legal engagement.
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16 October 2024 | 1 reply
If you need financial help, ask under the "Finance, Tax, and Legal" forum.
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17 October 2024 | 12 replies
It would be wise to ask an attorney in that state.She should be ok because as of now I believe real estate wholesaling is legal in Newark, NJ.
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16 October 2024 | 3 replies
Wholesailing in Texas is legal if done properly.