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18 June 2024 | 3 replies
I went with her to the office and she asked for her tenant file ledger so she could see how could it amount to $5,000 and they said no they won’t give it to her ( isn’t that wrongful of them to do so ) and they said she’s being evicted for ultiltes not being paid from 07/01/2023 until todays date - wouldn’t that be wrongful because notice states differently and even when adding up ultites until todays date doesn’t add up to 5,000$ I just need some help with this because is doesn’t make sense or seem right if anyone could please give advice and also the utility isn’t in her name & the lease yes was stated for her pay the utilities but her lease wasn’t renewed and was now a month to month term and that started last year so how can someone rent a apartment to a individual and not give notice to renter to pay certain things but wait a year or half years notice to eviction even though rents been paid on time
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16 June 2024 | 6 replies
To be honest should be one of the easiest to sub.
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16 June 2024 | 3 replies
Overall, it sounds to me like the process might be easiest here.
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18 June 2024 | 56 replies
I recently added a micro half bathroom to a little unit.
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17 June 2024 | 9 replies
We no issues closing in an LLC, as a matter of fact most of my lenders will prefer it (assuming it is not your primary residence)Assuming it is not your primary residence, the easiest way to do this deal would be through a DSCR Loans.A DSCR Loan will use current rents or market rents if the property is vacant and personal tax return from you would NOT be required.It also referred to as a No Ratio Loan because your personal Debt To Income is not important.What is important is that the property can pay for itself.If we keep the LTV Low the rate for this loan can be better than a conventional loan.If you ARE Living in the property and you want to keep it... it would mostly depend on how motivated you are and how willing you'd be to "postpone gratification"The best bet is still a DSCR Loan.. which means you moving and renting the property out.We can bring in Asset Based Financing that can help with cash down (if you need it) or to pay cash for another property for you to reside in.Once you're moved out we can do the DSCR Loan at a 70% - 80% LTV or we can calculate a comfortable cash flow number.For example, max cash out that will give you $500 cashflow after a full PITI payment.Let's discuss more!
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22 June 2024 | 129 replies
that happened in the GFC for sure.. half vacant buildings HoA defunct.
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17 June 2024 | 14 replies
You will need cash to purchase the property at the auction, and it’s one of the easiest ways to find a property to flip at a great price.
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17 June 2024 | 11 replies
Accountants are in such demand, that the best are not even accepting clients half the time.The other problem I see often with accountants on here is that they specialize in larger investors, and have really high prices when you as a smaller investor do not need all the bells and whistles.Another thing I see is folks thinking they need to have a tax professional in their state.
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20 June 2024 | 37 replies
One of the places has had the water shut off for a year and a half and owes two years of property taxes.
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20 June 2024 | 245 replies
With boomers retireing and zoomers comming in we loose about half a million of workers every year, this will increase to 1 million in a few years.