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25 October 2024 | 4 replies
I definitely would want the mail to go to the correct place.If someone wanted to sue you, the fact that you ignored changing your address would be a good argument that you are not maintaining corporate formalities, potentially having the protections of your LLC ignored.Most states have annual filing requirements for the LLCs so that would be a good time to update it.
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31 October 2024 | 37 replies
I believe WWC and my goals are aligned, however with these high upfront fees, it appears the general partners would do well with or without the asset performing, which risk is there with potential market correction coming.And, I see what you mean, WWC seems to be doing well with their system, so they may be squeezing more juice on deals now b/c they deliver for their investors.
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28 October 2024 | 3 replies
To prepare, focus on saving for a strong down payment and maintaining a solid credit profile, as both are critical for competitive financing.If possible, look into FHA or conventional loan options for owner-occupied properties, which may offer favorable terms, especially for first-time buyers.
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28 October 2024 | 3 replies
If you choose this route, make sure to have clear, written agreements in place and maintain a professional landlord-tenant relationship.
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31 October 2024 | 5 replies
We always use one in Florida, and taking the correct actions now is cheaper and faster than anything else.
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28 October 2024 | 6 replies
Seems like we’ve been wrong in this endeavor as much or more than we’ve been correct.
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31 October 2024 | 25 replies
Susan your cardinal points are off a little 39209 is WEST Jackson and your correct that is the worst part of town.
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29 October 2024 | 6 replies
He was able to correct the county on one part of the law when they originally questioned the dates.
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1 November 2024 | 22 replies
Of course there could be other circumstances specific to you that change your analysis, but what you laid out is correct.
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30 October 2024 | 35 replies
The sophisticated money is not buying in stagnant markets with poor fundamentals because they can achieve the 1% rule, can complete a BRRRR or because of more favorable landlord tenant laws exist just to highlight what’s rarely part of their acquisition criteria which is a stark contrast to the mindset of most within the BiggerPockets community.Since your focus is specifically on landlord tenant law component I’ll add those who follow the law, properly maintain their property, respond timely to tenant requests, use well drafted and fair leases and don’t unreasonably withhold deposits find themselves in far less tenant controversies.