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10 July 2024 | 12 replies
We don't know what states the properties reside.Florida, Georgia, Hawaii, Illinois, Indiana, Montana, South Dakota, Virginia have different laws.Oh, and by the way, an attestation to the insurer and others (mortgagee) will not change premiums nor constitute a “sale.”There are considerations such as the loss of asset protection after judgment (beneficial interest is personal property, not real property), but if the property is clear of a mortgage and the concern is title theft (a concern you raised), then putting the property into a land trust is probably a lower cost alternative to maintaining a debt (which irritates the wife).
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8 July 2024 | 8 replies
Jumping into any investment without knowledge can be a recipe for disaster or great losses.
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9 July 2024 | 4 replies
If it will cost you considerably more in the future and loss of appreciation, lose of tax writeoffs and lose of cash flow in the meanwhile, than the amount of debt you are paying off, how does that put you ahead?
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10 July 2024 | 256 replies
When losses hits 6 figures to multiple people its time to end this.
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8 July 2024 | 3 replies
Proper loss of rent.
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12 July 2024 | 79 replies
Not wanting to sell for a loss, we haven both rented out but are well short of being able to cash flow.
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12 July 2024 | 281 replies
Last year I received a call from a man renting what used to be my personal home, explaining to me that he didn't have the money for rent, wouldn't anytime soon because of a job loss, and asked me if we could barter rent, for sex with his wife.
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7 July 2024 | 11 replies
Quote from @Chris Seveney: @Mackenzie MaeI have no clue who either party is- but if one party throws shade at the other they have a right to defend and let people also know if it’s been settledWhat private information did he put in the post?
7 July 2024 | 10 replies
Should I just sell as is and take the loss?
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8 July 2024 | 42 replies
That's the kind of talk you'll hear from every get-rich-quick guru on the planet, kind of like "7-Minute Abs" or Hydroxycut weight-loss pills.Just look at what he promises: you don't need to use your own money, you don't need to inspect the properties, you'll spend very little time on the deal, you aren't personally liable for the loans and debt, you'll work less and earn more...This can all be true if you know what you are doing.