Kenzer Hodgson
LLC or Umbrella policy
8 January 2025 | 14 replies
The reason you see a person’s name and all their entities listed in a lawsuit is because Plaintiff (the suing party) attorneys have to list everyone and every entity that can be remotely tied to a cause of action, otherwise, if enough time passes and through the legal process discover that a separate entity or just a person was truly liable and they didn’t name them in the lawsuit, they are out of luck.
Chris Seveney
Getting A Deed In Lieu at closing to store away
27 December 2024 | 20 replies
However, deeds in lieu of foreclosure can be subject to judicial attack by their grantors and their grantors' creditors.Grounds for attacks on deeds in lieu of foreclosure include the following:• That the deed was an equitable mortgage - that the parties intended the deed to be given as security for a debt and that the deed was not an absolute conveyance.• That the deed is either a preferential or fraudulent transaction within the purview of the provisions of the federal Bankruptcy Act or any other related state law.• That the deed is a device to clog a mortgagor's right of redemption.• Unfairness of the consideration.• Coercion, fraud, oppression, duress, and undue influence.• That the deed is not subsequent to the execution of the mortgage but contemporaneous with it.• That the grantor/mortgagor was insolvent at the time of the execution of the deed.An estoppel affidavit (executed and acknowledged by the grantor/mortgagor, attesting to the fairness of the transaction, the consideration exchanged, the value of the property, and other factors showing an intention to make a genuine transfer) or a recital (inserted directly in the deed) are supporting documents used to forestall challenges to these transactions.State law and local title standards must be consulted in regard to the consideration and treatment of deeds in lieu of foreclosure.What a GREAT post!
John Brown
Renting short term on a sub leased property: Is it much harder? (rental arbitrage)
8 January 2025 | 15 replies
Use STR-specific insurance to protect both parties and automate operations with platforms like Airbnb, TurnoverBnB, and PriceLabs.Taxable income from the STR must be reported, but you can deduct related expenses like cleaning, utilities, and furnishings.
Gene D Stephens
Experience with Adverse Possession?
30 December 2024 | 7 replies
Completing AP requires the other party to file a suit in court during which the judge determines that the case has merits, and ultimately transfers the property to the filer.
Tara Montgomery
Where would an investor find a capital raiser for development project with a PPM
26 December 2024 | 5 replies
Many will also require a third party due diligence report from a company like Mick Law or factright (which they run around $30-$50k).
Karin Recalde
Purchased property listed and sold as a triplex just found out from city it is a SFH
17 January 2025 | 27 replies
The broker is not a party to the sale.
Adrian Rae
"Sale Conditions: 1031 Exchange" - What does this mean for buyer?
26 December 2024 | 14 replies
For the most part, I think I understand the basic idea of a 1031 Exchange.
Gaetano Citera
New construction: Pre Fab or Stick Built
25 December 2024 | 4 replies
Some transport companies have house kats that can get off the road and onto the site for an additional charge or you can hire a third party if the access from the road is limited.
Robert Zajac
Managing my manager - how to best approach maintenance requests
21 January 2025 | 10 replies
I found similar patterns between all 5 companies: namely, they had taken on too many units, were over-charging me for things I didn't need, and weren't handling issues correctly (they would send out vendors who didn't know what they were doing, mis-diagnose issues etc.)No disrespect to the PMs on this chain or BP in general, but any third-party manager won't perform exactly the way you would like them to simply because of the constraints they are faced with as far as having so many units and owners to keep tabs on.
Michael Plaks
RANT: Preparing/Planning/Guessing for the 2nd Trump Tax Plan
19 December 2024 | 13 replies
More so, bills are not necessarily voted by party lines.