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Results (10,000+)
James McGovern Why are the number of fees for a loan growing?
26 August 2024 | 11 replies
Some of what I am seeing are:- Legal Fees- Underwriting Fees- Corelogix and other data feesWhat's next - Fees for if you are an American living in America?
Amber Seel How to pull equity out of a paid off property
26 August 2024 | 8 replies
It can not be appraised correctly until it is legal permitted.
Sara Valentine Service animal legal requirements
24 August 2024 | 9 replies

I have a rental listed on Zillow. My terms say one small dog is allowed. I received an application from a couple that have TWO 'service dogs'. My rental has a tiny backyard and 2 dogs is too much (I am currently havin...

Dooreuhn Cee Trump University fraud
26 August 2024 | 2 replies
Maybe it was the deep state leftists sabotaging him before he even got into office... they're crafty and despite all his legal troubles before he was elected, and the continued legal troubles after elected, he's never done anything wrong so...
Account Closed Person taking advantage of a little old lady who barely lives on rental income
27 August 2024 | 5 replies
Do we have any legal recourse against mom's "friend" or the property manager? 
Rajagopalarao Paidi Any recommendation on forming out of state LLC or Home State LLC
26 August 2024 | 8 replies
Let's break down the pros and cons of each approach:Forming an LLC in the State Where the Property is Located:Pros:Compliance with Local Laws: Establishing an LLC in the state where the property is situated ensures compliance with local regulations and laws specific to that jurisdiction.Legal Clarity: It provides clear legal jurisdiction and may simplify any legal proceedings related to the property in that state.Perception: Operating with a local LLC may give tenants and local authorities confidence in your commitment to the community.Cons:Additional Costs: Setting up and maintaining an LLC in another state means incurring additional registration fees, taxes, and possibly hiring local legal counsel.Administrative Burden: Managing multiple LLCs across different states adds complexity to your administrative workload, including extra paperwork and compliance requirements.Tax Implications: You may face tax obligations in both the state where the property is located and your home state, potentially leading to double taxation or complexities in tax filings.Managing Through Home State LLC:Pros:Simplified Management: Handling all properties under a single LLC streamlines administrative tasks, reducing paperwork and simplifying tax filings.Cost Savings: Avoiding the need to establish multiple LLCs in different states saves on registration fees, legal expenses, and ongoing maintenance costs.Consistency: Uniformity in management practices and legal structures may contribute to efficiency and ease of operation across your real estate portfolio.Cons:Legal Exposure: Operating out-of-state properties under a home state LLC may expose your personal assets to the laws and liabilities of the other state, potentially diminishing the liability protection the LLC offers.Compliance Challenges: You'll need to ensure your home state LLC meets the legal requirements for conducting business in other states, which could involve additional filings and fees.Perception and Credibility: Some tenants or local stakeholders may prefer dealing with a landlord who has a local presence, which could impact your reputation or relationships in the community.Ultimately, the decision depends on your specific circumstances, risk tolerance, and long-term goals.
Travis Andres HELP? End-buyer backed out of assignment
27 August 2024 | 9 replies
Sounds more like a legal question IMO you might get a better response in the Legal & Legislation forum.
Shelly Glennon Long term tenant (40+ yrs) newly negotiated lease asking Landlord to pay commission
26 August 2024 | 9 replies
This is an existing tenant, no tenant search required, literally just the legal process of negotiating a new lease and signing it.  
James McGovern Considerations for leasing to Law Enforcement?
26 August 2024 | 1 reply
I identified a lucrative opportunity to lease a property to law enforcement but have no idea on what legal clauses others in the past have included in their agreements.
Spencer Perron Pros & Cons of adding a studio to an existing 4-plex building
27 August 2024 | 6 replies
If you ever wanted to refinance the property the loan would look totally different if you make it a legal 5 unit.