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16 September 2024 | 7 replies
However, for the strategy to be effective, clients must ensure that they meet all the IRS requirements, such as maintaining the short-term rental for a sufficiently long period and passing one of the material participation tests (e.g., 100+ hours of active participation).2.
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18 September 2024 | 47 replies
And I can pretty well guarantee that nothing was ever sent via certified mail. 80 cases of a lawyer not sending important documents via certified mail establishes precedence, and willful deceit.If you can establish that the lawyer is acting unethically, or better yet illegally, then you may be able to counter sue the lawyer and his firm for damages.
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16 September 2024 | 5 replies
I highly doubt a day or two will cause that much of a damage.
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17 September 2024 | 11 replies
The Series name should include something to the effect of ", a series of [Parent LLC]".
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16 September 2024 | 8 replies
effectively, you'd either need to look for a lender that would let you use the other property as collateral (cross) so that you can avoid actually taking the cash-out (this is rare in terms of institutional DSCR lenders, but fairly common in the hard money or private money space)...
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16 September 2024 | 5 replies
**Insurance Issues**: Ensure the property insurance policy is updated to reflect the change in ownership to protect both parties in case of damage.3.
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19 September 2024 | 44 replies
And as the economy of those cities evolved and started going down, it had a domino effect on rest of the ecosystem.
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16 September 2024 | 3 replies
Just evict them with damages, clean it all up, and rent it out again.
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16 September 2024 | 1 reply
If not, well you know the old saying, "the best time to get a lead paint certificate for your units was last year; the second best time is now".I've been told that the RI DOH may not start hitting people with fines for failure to register on October 1 as the law allows them to, due to the insufficient # of inspectors in the state to meet the demand.However, I've also been told that the other part of the law, the one that makes it so you cannot file for an eviction in RI without a current lead paint certificate, is expected to take effect sharply on October 1st.For anyone who hasn't submitted their properties/units to the new registry, I have a 15-page guide (with screenshots) that walks you through it.
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16 September 2024 | 4 replies
There was a judgment about some BC buyer who didn't close and they owed 350k in damages.