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17 April 2024 | 13 replies
In practice, it is all case by case.One of the first hurdles is the economic substance of the setup.
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20 April 2024 | 100 replies
Disclaimer: While I’m an attorney licensed to practice in PA, I’m not your attorney.
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16 April 2024 | 3 replies
That way you can bypass a bridge loan.I have borrowed $50k from my father to float some of the purchase of a Dental practice my wife owns...we simply pay into an account that we use to periodically pay him back lumps sums.
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15 April 2024 | 26 replies
It is my understanding that if you enter into the lease knowing of the foreclosure and placing a tenant anyway, then the lease is essentially deemed invalid as you and the tenant knew that it was a matter of time before they were evicted.Also there is an assignment of rents in residential mortgages as well, and doing this may open you up to a lawsuit by the mortgage holder since you essentially stole potential rent from them.And finally if the plan is actually to buy an HOA lien and wait until a foreclosure, I think that falls under unethical practices and would never do that, or encourage anyone else to either.
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17 April 2024 | 7 replies
Comparing lenders based on scores is a common practice.
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16 April 2024 | 16 replies
I have been diligently reading, studying, and beginning to practice analyzing cash flows of properties within Chicago and some Chi suburban areas.While I try to use whatever tools I have at my disposal and also be conservative with my numbers while analyzing properties (vacancy percentage, expenses, etc) I believe that in some areas of my analyses, I may not be getting the most accurate information.For everyone out there, where do you get your rental estimates by location?
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17 April 2024 | 7 replies
My attorney charged a significantly lower settlement fee but if I didn't use Lennar Title, then I'd forfeit my incentives... a practice I despise among builder's lenders, but this is how they trap you into using their AfBAs.
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16 April 2024 | 1 reply
Implement sustainable practices, such as Leave No Trace principles, to minimize your ecological footprint and preserve the natural beauty of the area.By carefully considering these factors and doing thorough research, you can determine whether renting out camping areas on your land is a viable option and how to proceed effectively.
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18 April 2024 | 33 replies
Although practically, I have heard that you don't need it until you evict a tenant.
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16 April 2024 | 13 replies
They are good practice, though, for the real deals.