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13 September 2018 | 3 replies
Things to consider:1) Depending on the state you live in, an LLC may not provide as much protection.2) If you don't keep your finances perfectly separated (and even then it's not a guarantee), an LLC may not provide you protection.3) You'll end up paying more in your mortgage and your LLC costs.For those reasons, especially for your first one, it's generally fine to just get a lot of coverage in umbrella insurance (or a lot of personal liability coverage in the property insurance that you'll carry).However, I'd be very interested to know if any BP member can say that an LLC did prevent them from losing money or getting personally sued at some point -- I haven't seen that posted.
14 September 2018 | 13 replies
The escrow account eliminates the need for it since it prevents the borrower from not making the payments.
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19 September 2018 | 7 replies
Some condos will have restrictions that will prevent short term rentals as well.
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17 September 2018 | 5 replies
And nothing prevents the bank from enforcing the "due on sale" if they want to.
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21 September 2018 | 16 replies
Because of this statute, most title insurance guidelines prevent underwriters and agents from issuing a title insurance policy during the first ten years after the Tax Deed has been issued unless the potential claims of previous owners (and others who may have had some interest in the land) are extinguished by a Court Order.
16 September 2018 | 4 replies
Right now I'm working on renovating hallway areas of an 8 story condo building and we will be removing (or creating) surplus materials - 8" stained/unpainted egg-and-dart crown molding, chair rails, and more than 200 light fixtures, - all in good condition.
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14 September 2018 | 1 reply
We have a termite bond company that identified old activity (unknown how old) but not active and wanted to charge $250 for a preventative treatment.Thanks
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21 January 2019 | 12 replies
Prevents any issues coming up later when you want to sell the property or when the county sends drones through your neighborhood looking for unpermitted pools/decks/carports, etc to try to raise revenue to cover unfunded liabilities in government spending. ;-)
16 September 2018 | 16 replies
Unless the buyer try to negotiate with seller, seller take home 5k more, and the buyer pay 5k less, cut out the middle man.This is not ethical and you have a contract with seller to prevent this from happening, right?
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2 August 2019 | 6 replies
Prohibition on distribution or sale of mailing or telephone number lists — Penalty. (1) Except as provided in subsections (2),Subsection (2) "...this section does not prevent an individual from compiling a mailing list or a telephone number list by examination or copying of public records, original documents or applications which are otherwise open to public inspection."