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26 September 2024 | 5 replies
If you need financial help, ask under the "Finance, Tax, and Legal" forum.
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27 September 2024 | 13 replies
@Blake Dials While it's not legally required to set up a separate bank account for a rental property held under your personal name, it is highly recommended for tax and financial organization purposes.
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22 September 2024 | 2 replies
I know of a company that went through a broker like this and the broker connected them with someone That ended up having a pretty bad history and the borrower wired millions after paperwork was signed for “prepaid interest reserve” and now, while they got the judgment, the money was sent overseas and it’s most likely long gone.
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26 September 2024 | 10 replies
I cannot give tax or legal advice, but this is based on my understanding (recently dealt with an inherited property).
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25 September 2024 | 2 replies
Compared to the US, the financing is different (if you need any), the legal system is different (you need to vet the parties), pre-construction works differently (if that's what you want to buy), the buyer/seller psychology is different, ...It's important that you get the needed knowledge or work with people who have it and have their interests aligned with yours.I have replied to hundreds of posts about investing in Mexico over the years so you might find some what you look for there.
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26 September 2024 | 12 replies
Once that deadline is broken, I do not give that same renter another chance.You need to really think this through, develop a policy, and run it by an attorney to ensure it is legal and makes sense.
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26 September 2024 | 3 replies
However, you should ensure that the contract language allows for such changes without requiring a full contract re-signing.Consulting with an attorney familiar with Florida real estate and property management law is advisable to ensure compliance and avoid any potential legal issues when making these adjustments.Let me know if you need help with any other aspects of this process!
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26 September 2024 | 17 replies
Others are a bit trickier and often over/under inflated - income, maintenance, PM costs, legal, etc.
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26 September 2024 | 10 replies
The stamping architect is taking legal responsibility for the work (just like a local partner for an "out-of-state" design firm), and most architects charge handsomely to review and stamp plans.
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27 September 2024 | 10 replies
It’s possible your multi-beneficiary plan might not be legal.