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9 October 2024 | 13 replies
Many are going through financial restructuring, which is evident with you saying there may be a special assessment.
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11 October 2024 | 15 replies
I would argue that the premium is valid due to the value I added to the property by getting the legal structure and agreements in place, then finding like-minded buyers.I'm looking for people to poke holes in my logic.
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12 October 2024 | 15 replies
Is it legal?
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11 October 2024 | 21 replies
A lot of people try to manage property without a license, but since these folks defeated the first eviction they may have legal assistance.
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11 October 2024 | 13 replies
Agents are not legally able to do inspections.
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10 October 2024 | 13 replies
@Jefferson BlackJust make sure you have the proper COs, and it is in fact a legal Triplex.What is your exit strategy on this deal?
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10 October 2024 | 4 replies
Transferring ownership to the new LLC is possible but may have tax or legal implications.Let me know if you need further assistance with financing!
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12 October 2024 | 9 replies
State costs vary, but more or less should be +/- $750-1000 to get obtain your NMLS mortgage license (with courses) and most states permit dual licensing in which brokers can be legally compensated on both sides of a transaction.I'd be very cautious about performing dual capacities in any single transaction for two reasons: 1.
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10 October 2024 | 7 replies
I have done everything within legal bounds correctly and have all the evidence to defend the deductions.
10 October 2024 | 0 replies
Since the Internal Revenue Service (IRS) doesn’t consider child support taxable income, I would not consider it in the rent calculation unless you have a HUD-specific home.According to hud.gov, “[rental property] owners must count alimony or child support amounts awarded by the court unless the applicant certifies that payments are not being made and that he or she has taken all reasonable legal actions to collect amounts due, including filing with the appropriate courts or agencies responsible for enforcing payment.”So, does child support count as income for renting?