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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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10 October 2024 | 7 replies
I have done everything within legal bounds correctly and have all the evidence to defend the deductions.
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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.
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?
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11 October 2024 | 9 replies
In the rare circumstances that large-scale events prevent or legally prohibit completion of a reservation, the Major Disruptive Events Policy (the “Policy”) may apply.
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9 October 2024 | 17 replies
I want to make this work and am so motivated, but I also don’t want to continue to wonder if what I’m doing isn’t legal 100%.
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9 October 2024 | 4 replies
Is it legal for me to pass on the fine to my tenant?
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10 October 2024 | 6 replies
The good thing about househacking a legal multifamily unit is that lender allows you to use the vacated units of 75% market rent as an income to offset the potential current mortgage.
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9 October 2024 | 1 reply
Finally, adhere to legal regulations and best practices to protect your investment and reputation.
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9 October 2024 | 8 replies
It's important to do your research and know the current laws. https://law.justia.com/codes/m...Do yourself a favor: buy "Every Landlord's Legal Guide" by NOLO.