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13 September 2024 | 2 replies
Also, the city's building code could be different as far as the required fire rating for party/shared walls, etc, thus the construction costs could be higher.
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14 September 2024 | 11 replies
(Approximately 13 states have either state Inheritance Tax or state Estate Tax, so that would possibly apply in other states besides PA.)Welfare LiensNursing home liensMechanics LiensMortgages in order of recording date, first mortgages before second or third mortgagesJudgements (once boought a property where there was alien because the owner got in a bar fight and was sucessfully sued for medical bills esulting in a judgemen.)Federal Tax Liens (Special rrules apply to IRS liens)The precedence of pay off is determined by state law, government first, then the rest by date recorded.Then is anything else is left over it goes to the former owner.On one of our purchases there was a big Nursing Home lien that the Tax Claim Bureau was not aware of.
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12 September 2024 | 7 replies
I was in a similar position without the rezone, I can put a third unit on my duplexes property, but after running buildout numbers it makes far more sense to use that capital towards just buying another duplex.
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14 September 2024 | 14 replies
If they aren't month-to-month, you aren't getting them out, and even if they are, you will likely have to line their pockets with cash for keys to get them out.Who is in the third unit?
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13 September 2024 | 7 replies
,Transitioning multiple units from one property management company to another can seem overwhelming, but with the right process in place, it can be smooth for all parties involved—owners, tenants, and both PMCs.
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9 September 2024 | 5 replies
EdenIt’s probably best to pay a third party to do this, especially not living near the property.
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13 September 2024 | 3 replies
I would begin marketing immediately, and mention it will be ready the date that you have very high confidence it will be available.The harder part is being selective what you show.
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11 September 2024 | 18 replies
In this particular case, we couldn't consider the rent from the third unit because it wasn't legal.
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13 September 2024 | 12 replies
I just wanna be able to one, increase the cash flow on the investment by not having a HELOC on top of a conventional loan and two, I want to repeat the process on a second, third, etc… investment property.
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9 September 2024 | 18 replies
The buyer originally intended to use a hard money lender that could not get their third party appraisal done in time to close.