Donna Yu
I am new but ready.
10 June 2024 | 27 replies
You may have answers to some of these questions already, but it is a good exercise to have some clarity on those goals, then you can forge the path to get there.
George White
1031 Exchange the Down Payment on a NNN Master Lease Option Deal
7 June 2024 | 1 reply
And then when you sell the property if they exercise the option you could then 1031 the property.
John McGuire
Rules for loan types when moving rental home into LLC
6 June 2024 | 2 replies
Legally, they may have the right to exercise the ""due on sale" clause, but I would review your mortgage, possible consult an attorney and/or your servicer to understand if they ever enforce this.Stepping back, putting title in an LLC may not provide as much protection as you think.
Peter Shin
Subject To for Primary Residence?
7 June 2024 | 8 replies
Plenty of people will tell you lenders never exercise DOS.
Helen Smith
Hello BiggerPockets! New PRO here
5 June 2024 | 4 replies
I'm particularly passionate about Multifamily Units and New Builds.Outside of real estate, I enjoy exercising and gardening!!
Brett Richardson
Multifamily Investing Coaching
7 June 2024 | 24 replies
I paid them for their time and had no problem doing it since they were not local to me so I couldn't exercise the option to try and work for them to learn the business.
Edward Schenkel
Ask An Attorney Anything About Real Estate Law
9 June 2024 | 223 replies
There is a statute that governs the exercise of fiduciary powers of corporate trustees (other than banks) that you have to follow to give the LLC trustee powers so to speak.
Jeremy Tran
HOA Attempting to charge a "Leasing fee"
4 June 2024 | 5 replies
The Assessments levied by the Association shall be used exclusively for payment of Common Expenses including, without limitation (i) the upkeep, maintenance and improvement of the Common Areas and other maintenance obligations set forth in Sections 10.1 and 10.3 below; (ii) maintenance, repair, replacement, and operation of rights-of-way and easements within or immediately adjacent to the Project (e.g. landscaping and sidewalks within the right-of-way of adjoining streets) to the extent that such actions are required by government entities or deemed appropriate by the Board, (iii) promoting the recreation, health, safety and welfare of the Owners and other lawful occupants of Lots within the Property, (iv) payment of property taxes for the Common Area; (v) insurance premiums; (vi) legal and accounting fees; (vii) management fees; (viii) charges for utilities and other services provided to the Common Area by the Association, if any, and for all utility charges paid or incurred by the City and reimbursed by the Association for street lights in the Common Area; (ix) costs to maintain the entrance features, including any electricity, landscaping and irrigation expenses associated therewith; (x) the performance and exercise by the Association of its rights, duties and obligations under the Project Documents, and (xi) maintaining any Stormwater Control Facilities located on portions of Common Areas to the standard required by the governmental entity or agency having jurisdiction over such areas.
Sonal Chopra
What would your Real Estate strategy be if you inherited $10MM?
4 June 2024 | 22 replies
There are several trusted ways to do that, but so won’t go into it on this post.Again, @Sonal Chopra this was a very fun exercise to reflect on our long term vision.
Samantha J Foy
Staging a property
4 June 2024 | 8 replies
Hanging a large picture or something at the head of the bed usually looks nice.Additional Bedrooms:Any additional bedrooms, I stage either as an office with a writing desk and computer chair, a workout room (yoga mat and pretty exercise accessories), or a nursery with a neutral white or wood toddler bed and a changing table.