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28 June 2024 | 41 replies
I ran into this scenario earlier in the year as I did a 1031 Exchange of a home in my name, and by the 1031 Definition, the new properties had to STAY in my name.Also, if a lender finds out that you did a "Quit Claim Deed" and transferred the asset into a business, they can call the "Due On Sale" clause which means you owe back the entire amount of the mortgage within a certain amount of time.Again, if this is primarily for asset protection, what I ended up doing is starting up a Land Trust for each property I purchased.
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26 June 2024 | 9 replies
If a seller says a home has a new roof, deck, addition, etc. and want to get credit for the value add, but there's no permit to back up the claim, forget it.
25 June 2024 | 4 replies
Are you claiming the rental income on tax returns?
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25 June 2024 | 4 replies
@Ashwin kumar Kovur what data has your agent supplied to back up their claims?
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25 June 2024 | 4 replies
Quote from @Leslie Cunningham: Note to self: never rent your newly renovated family home to tenants...it's too much of a risk and too heart-breaking.That's a common claim, but it's completely wrong.
25 June 2024 | 7 replies
St Farm is probably going by the last date they see for any Claim or Permit (if any).
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24 June 2024 | 21 replies
Then, when their unrealistic expectations aren't met, they "freak out".DM us if you'd like to know more:)
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22 June 2024 | 5 replies
Quote from @Commie Anana: Maybe your problem is that you have unrealistic expectations.What did investors do in 1950?
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24 June 2024 | 12 replies
She claims it was paid up front (it wasn’t).
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24 June 2024 | 8 replies
Part of the change was to make it less easy for homeowners to make claims for new roofs.