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30 July 2024 | 6 replies
My lawyer did a deep dive and discovered that it appears the county tax appraiser erroneously removed the husband from the title one year when updating the parcel tax record, probably incorrectly reading the divorce agreement and not actually looking up to see if a quit claim had been signed.
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30 July 2024 | 4 replies
As part of the renovation, all of these were remedied however the violations were not cleared as I suspect the renos were done without the full permitting.The purchase agreement had a requirement to clear the violations prior to sale but the Seller and I agreed a fairly substantial seller credit to clear the violations as it was recognized there were risks around the renovation work and potential non compliance with permits that I may have to remedy.
29 July 2024 | 4 replies
Someone should absolutely have a lease with the tenants and you should really have a contract with the realtor.You need to know realtor commission, length of agreement, etc.
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30 July 2024 | 3 replies
You can find more info on 1031 exchanges at this link: https://www.irs.gov/businesses/small-businesses-self-employed/like-kind-exchanges-under-irc-code-section-1031Regarding the change of ownership from joint to individual, there might be a couple of ways to handle that depending on your state laws and the terms of your divorce agreement.
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29 July 2024 | 16 replies
If the secured asset is short, most likely they will bill you or come up with some kind of other agreement.
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28 July 2024 | 27 replies
Review their management agreement.
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28 July 2024 | 5 replies
They signed an agreement to comit to signing the lease or forefeit the money.
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29 July 2024 | 3 replies
My goal is to house hack a multi-family and then move out after 12-18 months when I am able to buy my 2nd property. 2 of the units are under lease agreements. 1 unit is vacant (which I would be living in).
29 July 2024 | 3 replies
Encouraging your tenant to consider vaping could not only help maintain the apartment’s air quality but also align with your lease agreement better.
29 July 2024 | 6 replies
What does your lease agreement say?