John Underwood
Why an LLC may not protect you from a Lawsuit
19 December 2024 | 50 replies
So as a result of my “asset protection” procedures, the end result was that instead of being sued personally and having to spend the time, money and emotional stress of both defending my self AND suing the insurance companies and condo association, the plaintiffs accepted an ASSIGNMENT of proceeds and signed a form releasing me and my LLC from liability in exchange for the right to go after the insurance companies themselves.
Itay Heled
Anyone use Furnished finder leads of individuals for an entire house?
16 December 2024 | 18 replies
Oh, and that person is probably authorizing checks from a business account with much deeper pockets than any traveling medical professional.
Mindy Jensen
Contractors: If I Buy Materials, Do You Still Need a Downpayment?
31 December 2024 | 66 replies
I think the biggest benefit of the AIA system really shakes out to be the effective & clear communication of the guidelines and procedures for construction management, which tend to be much more muddied in the residential world.
Karin L Mahmoodi
Early Termination (abandonment) of Apartment Prior to End of Lease in Duluth, GA
11 December 2024 | 5 replies
Your state probably already outlines the procedures to follow here.
Kent Fang ching
Guidance on OOS markets to get into
24 December 2024 | 44 replies
With a mix of college students, medical professionals, and blue-collar workers, the rental market stays pretty steady.
Marcus Welson
1031 exchange identification deadline extension
9 December 2024 | 2 replies
SPECIAL RULES FOR SECTION 1031 LIKE-KIND EXCHANGE TRANSACTIONS, page 135 states:". 01 Taxpayers are provided the relief described in this section if an IRS News Release or other guidance provides relief for acts listed in this revenue procedure (unless the news release or other guidance specifies otherwise)..02(1) The last day of a 45-day identification period set forth in § 1.1031(k)-1(b)(2)(i) of the Income Tax Regulations, the last day of a 180-day exchange period set forth in § 1.1031(k)-1(b)(2)(ii), and the last day of a period set forth in section 4.02(3) through (6) of Rev.
Keaton Sheffert
First Time Attempting to Re-zone Land - Advice Needed
14 December 2024 | 13 replies
Every municipality has different zoning variance procedures.
Nate Jenks
Fixed vs "first responder" Adjustable rate mortgage.
11 December 2024 | 10 replies
Financing provided through this program is only available for properties located in Michigan or Florida.Available Product Type: SOFR 7/6 ARM, SOFR 10/6 ARMLoan Amount: $766,550 MaximumLTV: Purchase and No Cash Out Refinance - Maximum 99%Prepayment Penalty: NoneLoan Assumption: NoneEligible Properties: 1-unit dwellings, attached and detached condominiums, PUDsEscrow: An escrow account must be established for property taxes, and flood insurance, if requiredUnderwritingNo Private Mortgage InsuranceOccupancy – Primary residencesMinimum Credit Score - 700DTI – Max 43% (UW/Mgmt exceptions up to 50% with minimum 3 documented compensating factors)Student Loans – If in deferment, no qualifying payment requiredDown payment of 1% must be borrower’s own funds, while closing costs and prepaids may be gift fundsAttached condominiums require a 10% down paymentEligible Borrowers – Protect and serve heroes are defined as employees of public or private education institutions, employees of medical and healthcare organizations, all first responders, and active or former military personnel.Servicing: Retained
Dorian Gray
Cash out refinance
4 December 2024 | 5 replies
Recently after some medical issues(I’m all good now) I’ve exhausted all my reserve funds and have 50k in high interest debt.
Marc Shin
contractor is threatening to take me to court
13 December 2024 | 20 replies
Maybe he does file a nuisance mechanics lien (whether he can and precise procedures) will be dependent on local law.