
3 April 2024 | 3 replies
Rental inspections are typically health and safety related.

3 April 2024 | 3 replies
Advice: 1) Check out the permit status with the City - ask for open permit vs closed permits.

3 April 2024 | 8 replies
The zoning board can impose fines. also need to adjust lease agreements to reflect tenants status. in the end, with how lenders reflect potential rental income v mtg (dscr) harder to qualify the loan.
3 April 2024 | 8 replies
As applied to 1031 exchanges, the most relevant exceptions that allow you to disregard FIRPTA include:You (the Buyer) are going to be using the property as your principal residence, and the fair market value is less than $300,000The Seller provides you with a Certificate of Non-Foreign Status (meaning that FIRPTA does not apply)If the foreign Seller obtains a FIRPTA Withholding Certificate by filing Form 8288-B.It is important to note that the foreign Seller cannot submit the Form 8288-B until there is a valid real estate contract.

3 April 2024 | 6 replies
The market and current status of your property will determine which is the best case there.

1 April 2024 | 10 replies
It can only protect you if you are honest, a landlord who keeps health and safety codes up, you have great insurance, you never mix the money, and you are lucky.

2 April 2024 | 10 replies
While agent would prefer to defend status quo but the ball would be on brokerage and the new brokerage that has more efficient transaction system and able to offer something radically simpler for buyer and seller.

3 April 2024 | 17 replies
This is a Virginia Fair housing Violation (familial Status).
2 April 2024 | 4 replies
Wanted to check if that is true and if it is just lender specific or are there any legal laws around it.Thanks The rules are generally pretty vague - for the 10% Down Second Home Loan - generally are supposed to be not an investment property (no more than half the year rented out, no property management) and the vicinity rule is not super clear - but you are supposed to live "near the property"There won't be a difference among lenders since this is a GSE backed product (all rules the same) - however, the difference is likely to come from the interpretation of how close "near" meansThis is a good twitter (X) thread on the topic from a lawyer thats in the spacehttps://twitter.com/Wildlaw406/status/1689416363973214213

2 April 2024 | 18 replies
And the group has the capacity to carry a person all the way, as they grow in their status and investing size.