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3 October 2024 | 0 replies
If you do research ahead of time, what are some red flags that would cause you to back out of a deal or add a couple thousand to the deal cost for legal battles/ cash for keys?
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4 October 2024 | 27 replies
The good thing about househacking a legal multifamily unit is that lender allows you to use the vacated units of 75% market rent as an income to offset the potential current mortgage.
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3 October 2024 | 23 replies
There is lots of grey area, lots of bad info online about wholesaling being "completely legal", and many gurus teaching it the wrong way.
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2 October 2024 | 9 replies
According to the IRS guidelines, mobile homes set on concrete blocks and that are always capable of being moved from their sites on their own wheels are considered personal property (5 year).
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1 October 2024 | 8 replies
@Bob Foglia Here is what the EPA says about meth Voluntary Guidelines for Methamphetamine and Fentanyl Laboratory Cleanup (epa.gov) Previous threads have reported it is costly but alot depends on how contaminated your house is.
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3 October 2024 | 2 replies
If you need financial help, ask under the "Finance, Tax, and Legal" forum.
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2 October 2024 | 0 replies
They should be responsive and communicate clearly, possess a strong understanding of the local market, offer reasonable rates, and support borrowers throughout the process, all while ensuring legal compliance to protect your interests.
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2 October 2024 | 8 replies
You'll need a reliable network of local professionals (plumbers, electricians, handymen) you can trust.Hiring a Property Manager:Peace of Mind: They handle day-to-day operations, tenant communications, and legal compliance.Local Expertise: They understand the local market trends and rental laws in Colorado Springs.Cost: While there’s a fee, many find it worth the reduction in stress and time commitment.Lessons Learned from ExperienceBuild a Strong Local Team: Even if you manage the property yourself, having a dependable local handyman and a real estate attorney can save you headaches.Leverage Technology: Utilize property management software for rent collection, maintenance requests, and tenant screening.
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3 October 2024 | 3 replies
The partnership or business arrangement puts each of you in substantial risk, both legally and economically.
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2 October 2024 | 10 replies
I would have simply said they the ceiling fan stays when they move out as its an upgrade and a light fixture is a "fixture" aka once attached to real estate it legally becomes part of the real estate and YOUR (the landlord's) property.