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20 July 2024 | 4 replies
Can a VA LOAN be moved under an LLC or how would you go about getting your assets protected another way?
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20 July 2024 | 6 replies
A lender would require you to have this done, but if you are paying cash, nobody will force you to protect yourself.Third Party Reports: $17KSurvey $2KTitle Recording and Search $5KAttorney Fees ?
20 July 2024 | 4 replies
It would be a shame to lose a good tenant.....but you gotta protect yourself at the same time....
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18 July 2024 | 5 replies
I agree with @Jaron Walling, you have an opportunity to sell and harvest a profit and avoid paying tax on that profit because it was your primary residence.
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20 July 2024 | 2 replies
I see you mention having an LLC, so I'll share my generic advice on that topic.An LLC is useful for two things: anonymity and legal protection.
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20 July 2024 | 2 replies
Would this be something that could hurt the legal protection between personal and business?
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20 July 2024 | 4 replies
Thanks for this info...followup question: since we will probably want to do a conventional loan for a better rate and we have to take that title directly, would we then transfer the title to an LLC we create to protect ourselves?
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20 July 2024 | 6 replies
Below are a few ideas to think about.Appraisal Concerns: Include a clause in the counteroffer to address any potential gap if the appraisal comes in lower than the offer price.Closing Costs: If the requested $10k seems high, propose a lower amount or adjust the sale price to cover some of these costs.Escrow Deposit: Counter with a higher deposit to ensure buyer commitment.Financing Contingency: Make sure there's a clause that protects you if the buyer’s financing falls through.VA Requirements: Understand and prepare for the specific requirements and inspections associated with VA loans.Professional Advice: Consult with a real estate agent or legal professional for tailored advice.Communication: Maintain open communication with the buyers for a smooth negotiation process.Best of luck with your sale,KC
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20 July 2024 | 8 replies
A well written management contract should clearly spell out what is expected of both the PMC and the owner, to PROTECT both and avoid misunderstandings.
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19 July 2024 | 5 replies
Been looking at a structure which will be optimal for having a portfolio of rental properties, financial investments, and all the other general life stuff, which will assist in asset protection, as well as tax liability etc.Thoughts on this?