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15 January 2025 | 3 replies
I understand this is not a requirement, but I have never received a damaged unit from an inherited tenant or any legal issues.
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26 January 2025 | 11 replies
I plan to pull a standard lease agreement from the Florida Supreme Court website and review it with her next week.I have received a new job opportunity where I will be making an extra 40k annually and must move out of my home quicker than I initially expected.
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16 January 2025 | 4 replies
It'd be nice if I could receive help or tips from anyone (new or experienced).
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17 January 2025 | 3 replies
With that she can determine, of the cash received how much should be set aside for taxes, then gift the ex-spouse a potion.
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15 January 2025 | 39 replies
They further out the ripples go from the stone, the less appreciation your receive while the cash flow increases.
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21 January 2025 | 4 replies
My LLC is registered obviously, then I received a form in the mail once the property was recorded after purchase.
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14 January 2025 | 4 replies
How long does it take to receive the draws?
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15 January 2025 | 2 replies
Your name and credit would stay with the existing note, which you would keep paying on - ideally yourself with money you receive from the "buyer", because if they don't pay your credit is wrecked and your house is in foreclosure.If you search on here you'll see everyone and their brother looking to do Subto and it's a nightmare unless the buyer has the funds to pay the note off if/when the original lender figures out you don't occupy the property any more and are attempting to do what you want to do, since most loans are going to specify that performance.
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14 January 2025 | 3 replies
I have 0 experience ground up construction loan program nationwide that does NOT require GC to sign anything, only provide proof of 3 C/O's (certificate of occupancy) over the last year I.e. built received occupancy permission now unit is on market or habitable. 700+ FICO I can get you 80%LTC loan to cost on the project on ground up construction for 1-4 units.
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14 January 2025 | 23 replies
The "due on sale" clause (DoSC) obligates the seller to notify the lender if the property is sold.Failing to do so would place the seller in violation of this agreement, giving the lender the right to accelerate the loan.But no laws are being broken here.So, subto is neither legal nor illegal.Second, it only works because most lenders are more interested in receiving payments than in invoking the DoSC clause and foreclosing on the property.But, it can work, provided seller and buyer are both on board and the proper process is followed.