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17 August 2024 | 20 replies
Can I back date a lease for my unit for about 3 months ago when I moved into the property?
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23 August 2024 | 181 replies
I'm now marketing for low equity stressed sellers before they call an agent or after their listing expires and marketing via SMS.
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19 August 2024 | 244 replies
I would have placed the date on the calendar and on that date I would have inquired if the offer was still available and whatever date the experienced person had, I would have made sure I was available.
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13 August 2024 | 17 replies
If a tenant doesn't want to sign a new contract, and the old contract expires, then they're squatting.
15 August 2024 | 2 replies
Depending on the facts and circumstances of the agreement, it could either be treated either1) the sale occurs as of the original agreement date, and then your taxable gain is generally spread out over the life of the principal payments as an installment sale (although I should mention any depreciation you've taken on your property could affect this), or2) the sale does not occur until the lease option is exercised, and gain reported at that time.
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15 August 2024 | 8 replies
They take a good amount of your profit but getting some money for a deal is better than just having the contract expire.
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15 August 2024 | 23 replies
Thanks There ARE continuity of obligation rules that your subject to since you're considering a refinance and you're not Obligated on the current underlying mortgage (subject-to mortgage from seller).The rule states that if you dont qualify for one of the rules under COB that your maximum LTV is limited to 50% LTV for all refinances within 24 months from the date of acquisition.
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15 August 2024 | 1 reply
I further believe (though would not underwrite to this) that this approach would offer the buyer the potential opportunity at a future date to conceivably subdivide the parcel and sell the main unit and ADU as separate properties.
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16 August 2024 | 9 replies
Also, tenants are often on their best behavior on the "first date".
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16 August 2024 | 9 replies
If they ask for your Date of Birth, then it is a personal form policy.