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6 November 2024 | 5 replies
An LLC is useful for two things: anonymity and legal protection.
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7 November 2024 | 12 replies
Wishing you the best in your self-management journey, but remember, a good property manager can still be invaluable, especially if you’re not familiar with the legalities of property management.
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7 November 2024 | 16 replies
I personally have $100 cash ready to buy your property right now.Second, no, the open ended listing agreement suggested by some on here is not appropriate because that would mean that you think that the agent is actually representing you - dual representation - which is not beneficial to you and should not be legal, in my opinion.
6 November 2024 | 4 replies
This comes with some other ramifications around legal liability and the ability to get a mortgage on the property.The other way to fix this is to create an LLC now, and both you and your MIL contribute the current properties into the LLC, then the LLC 1031 exchanges the old properties into the new property.
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9 November 2024 | 44 replies
A quiet title action is a legal action against anyone or entity that has an interest in the zombie property.
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5 November 2024 | 5 replies
But if you both want to own/control the properties it probably makes more sense to have a legal entity.
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4 November 2024 | 1 reply
I am renovating a walk out single family home to have a separate legal unit in the walk-out basement.
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7 November 2024 | 15 replies
The problem is if you work with conventional financing (most investors do starting out) lenders won't approve a 3-5% DP for the next property.
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5 November 2024 | 5 replies
The application is not a binding legal document.
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3 November 2024 | 8 replies
Any approval for something by an owner is a bottleneck in the process.