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30 August 2024 | 29 replies
And under that definition, because there was no minimum time in the CZO for how long someone needed to occupy a structure to be considered "living" there, the court used literal dictionary definitions (standard practice in NH as can be seen in the similar case Working Stiff Partners v City of Portsmouth) to determine what constituted "living as a household" as it concerns STRs.The court explicity rejected the idea that this ruling should have larger implications for STRs around the state, and it certainly did not at all in any way prevent municipalities from regulating STRs.
28 August 2024 | 4 replies
fha. 3.8% interest and Currently owe 450kMortgage $3,400.00Currently we are renting home out for $2,400 and taking a lossLiving in an apartment for $1700 making total living cost $2700 with the 1k for covering loss on home Household income 180k-200k Please help me figure out what makes the most sense in this situation.
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28 August 2024 | 9 replies
I have been diligent about not commingle funds with my husband/household.
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27 August 2024 | 9 replies
I purchased a home three months ago that came with 3 households and plenty of land to build on for 288.
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24 August 2024 | 6 replies
If all adults are screened, you can avoid potential legal issues down the road, especially in cases where one occupant engages in illegal activities or violates lease terms.Financial Stability: Screening all adult occupants also allows you to assess the household's overall financial situation.
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25 August 2024 | 13 replies
However, the GC I hired was wildly incompetent so they missed critical components like the HVAC, we had to redo the sewer drain to the house, holding costs delays … you name it.
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27 August 2024 | 43 replies
@Jason Merchey For more details, check out title 37, chapter 22 of the SC State law: http://www.scstatehouse.gov/code/t37c022.php (emphasis added):(30) "Mortgage loan" means a loan made to a natural person primarily for personal, family, or household use, primarily secured by a mortgage, deed of trust, or other security interest on residential real property or security interest arising under an installment sales contract or equivalent security interest against the borrower's dwelling and: (i) located in South Carolina, (ii) negotiated, offered, or otherwise transacted within this State, in whole or in part, or (iii) made or extended within this State.By definition, you didn't "make a mortgage loan" in the context of the legislation.
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26 August 2024 | 13 replies
However, nearly 20% of households are now multigenerational, and 73% of buyers are non-investors.7-8) However, from an accounting perspective, there is no profit until the initial negative position can be recovered....Then add in that the ADU is getting financed at home purchase terms, someone else has done the work, ADU income will start month 1.Fully agree that lack of leverage is a huge issue.
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22 August 2024 | 1 reply
(A good rule of thumb is: at least 6 months' worth of expenses for single-income households and 3 months' worth of expenses for dual-income households.)
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22 August 2024 | 0 replies
Median Price: $678,500, +6.02% Yoy.Closed Sales: 4,216, -11.89% Yoy.YTD Closed Sales: 21,325, +1.38% Yoy.12 Month Closed Sales: 38,118, -8.70 Yoy.Inventory: 6,035, +31.62% Yoy.YTD inventory: 33,454, -1.59% Yoy.New Listings: 4,349, +10.77% Yoy.YTD New Listings: 29,789, +8.16% Yoy.Months Supply: 1.8, +38.46% Yoy.Cumulative Days on Market: 29, +3.57% Yoy.Existing Home Inventory as a Percent of Households: 0.22%.