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26 August 2024 | 23 replies
If we need clear definition I do think it will involve legal process which will be expensive and even more unnecessary.
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26 August 2024 | 24 replies
No here is my non legal opinion.
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26 August 2024 | 1 reply
To ensure I navigate these legal aspects correctly and make informed decisions, I’m looking for recommendations for a knowledgeable real estate lawyer or legal entity in the area.
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27 August 2024 | 6 replies
Quote from @David Butler: I wouldn't endorse such a view, but some people see nothing wrong with it as long as they operate within the boundaries of what is legal.
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28 August 2024 | 7 replies
If you're new to investing, this is crucial knowledge that could save you from legal issues down the line.
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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?
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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...
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26 August 2024 | 8 replies
It can not be appraised correctly until it is legal permitted.
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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...
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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.