John P.
Seller Financing rates/terms for residential sale?
1 October 2024 | 6 replies
Also, having a loan servicer handle the logistics will make it easier to manage the transaction while ensuring that taxes and insurance are handled correctly.Always consult with a real estate attorney to ensure that your seller financing agreement complies with state and federal laws.
John Prorok
No responses from syndicator
4 October 2024 | 17 replies
If it’s in there, and they aren’t following it, follow @Evan Polaski’s advice above regarding sending written notice of their failure to comply with the terms of the operating agreement.
Natalie Johnstone
Delaware LLC / Cali purchase
30 September 2024 | 8 replies
This means you'll have to comply with California state laws and pay additional fees, including the $800 annual franchise tax in both states.While Delaware offers privacy and favorable business laws, if you're primarily doing business in California, forming a California LLC might simplify things and avoid the need for foreign registration.
Austin Snyder
Land Contract/Agreement for Deed instead of Novation for quick Flip
29 September 2024 | 8 replies
Yes, theoretically they can be used and all laws complied with, but the chances of losing a lawsuit whether you’re right or wrong are so great nobody uses them, nobody insures them.
Greg Scott
Why I Continue to Buy REITs Instead of Rental Properties
26 September 2024 | 1 reply
While you may get a 199A deduction, you are paying a high tax rate.If we are talking about REIT's listed on an exchange, there are additional overhead costs as you mentioned - You have to get audited financial statements and also comply with certain SEC laws.
Heidi Jensen
Wyoming Holdings Going Away?
26 September 2024 | 5 replies
Companies that are required to comply (“reporting companies”) must file their initial reports by the following deadlines:Existing companies: Reporting companies created or registered to do business in the United States before January 1, 2024 must file by January 1, 2025.Newly created or registered companies: Reporting companies created or registered to do business in the United States in 2024 have 90 calendar days to file after receiving actual or public notice that their company’s creation or registration is effective.Beneficial ownership information reporting is not an annual requirement.
Barry Ratliff
HOA Organization income after Tornado damage
25 September 2024 | 1 reply
If the homeowner doesn’t comply within a specified time frame, the city may step in to demolish the unsafe structure and bill the owner for the costs.
Marcus Morin
Tenant Went Silent After Signing Lease
26 September 2024 | 12 replies
If they don't sign the lease and start paying rent by the agreed date, then I give them a warning and 48 hours to comply.
Gary Dale McKee
Need advice on wether or not to rent to people on disability.
24 September 2024 | 49 replies
The law exempt single family home, sold or rented by an owner of comply with FHA laws that's means that you CAN legally discriminate.
Sarah Vo
Anyone familiar with Albuquerque STR Market?
20 September 2024 | 5 replies
I know the tools aren't always 100% reliable due to bad data so I'm curious if anyone here as experience with STRs in Albuquerque.It also seems like STR regulations aren't super strict at the moment - need to register for a permit and comply with various rules around occupancy limits, acknowledgements, etc - nothing too crazy.