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16 January 2025 | 23 replies
Also, the foreclosure process in Texas is a quick 41 to 50 day process.Lastly, Texas has passed mortgage wrap legislation to help on these.
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11 January 2025 | 9 replies
I'm going to reiterate what's already been mentioned above, but I'm going to actually give you examples of why it's relevant to you to find a U.S. tax professional.1 - You're going to need to file U.S. taxes once you have property down here, there's federal filings, state filings, and sometimes local filings too2 - Tons of tax treaties between the U.S. and Canada that are easy to miss and can cost you a lot of money (important one with rentals - effectively connected income - if the professional you talk to doesn't know what this is, run away)3 - The amount of days you spend in the U.S. needs to be tracked and if you go over a threshold, all of your worldwide income could be taxable by the U.S.4 - Selling real property means up to 15% of your sales proceeds might not be available to you for years (FIRPTA)5 - Lots of nuance at the state and local levels, which both want to take as much money from you as possibleMain takeaway here is that you should find a U.S. based tax person.
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8 January 2025 | 20 replies
. - Who ever told you that only 30 days notice is required does not know CA law.
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11 January 2025 | 18 replies
Served a 3 day notice this past Monday.
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10 January 2025 | 15 replies
Maybe one day you will start contributing here on BiggerPockets forum and help others as you have been helped.Thank you Thanks Wale!
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11 January 2025 | 7 replies
What to include in the notice The name of the property managerThe date of terminationThe reason for terminationA statement that the notice is in accordance with the contractWhat to considerMost property management agreements require a notice period of 30 days or more.
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14 January 2025 | 8 replies
Next, plan on inspecting your properties every 90 days; you can communicate this to the tenant as you ensuring the property is in good order and to help you plan for repairs/future improvements.
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19 January 2025 | 9 replies
Great question @Robert Rixer.I never got to the point where I had to make that call, but at the end of the day, I'm not willing to go down with a sinking ship.
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11 January 2025 | 31 replies
Other states you must cure within 5 days of the sale and the lender can allow it or they can refuse.
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8 January 2025 | 33 replies
The servicers have to send notices 15 days prior to the transfer, but the new servicer is required by law to honor any payments made to the old servicer for 60 days.