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7 October 2024 | 12 replies
To answer your question about suing, I'd start at your legal docs.
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10 October 2024 | 14 replies
Thanks,Joshua Did you meet the legal requirements for the other "bedroom" to actually be considered a "3rd bedroom".
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8 October 2024 | 10 replies
It doesn't provide as much protection as most people think, it's not as easy as they think, protection isn't as necessary as you think, and it may actually hurt you by complicating your life.An LLC is useful for two things: anonymity and legal protection.
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8 October 2024 | 10 replies
So valuable.Still a few terms in this response I'll need to research to understand them in a more "5th grader" mindset I'm in (vs the legal pro you are!).
10 October 2024 | 0 replies
You must pay legal fees, closing costs, commission, and hefty capital gains taxes.
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7 October 2024 | 9 replies
This is not legal advice, please consult a lawyer.
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10 October 2024 | 19 replies
All of them broke lease and moved outIt's a messYou may want to pay a couple of hundred buck for legal consultation.
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9 October 2024 | 11 replies
A lot of forum members are experts in their respective fields related to real estate investing, whether that is real estate sales, wholesaling, flipping, buy and hold investing, lending, self-directed IRA and Solo 401k investing, or tax and legal guidance.If you haven’t been to it already, the Bigger Pockets blog features links to their fantastic podcast and many great articles: https://www.biggerpockets.com/renewsblog/The site has quite a few tools that can be helpful for new members.
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7 October 2024 | 2 replies
Additionally, it gives you the flexibility to sell or lease the properties individually in the future.One potential downside is the costs associated with subdividing or creating separate LLCs, including legal fees, taxes, and administrative expenses.
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9 October 2024 | 23 replies
Without a rental license you legally are not allowed to collect rents.