
5 August 2024 | 13 replies
I was told by my closer today that she cannot Quit Claim the Deed into an LLC, but said it would have to be a warranty deed because they cannot prepare as the under writers came down on title companies as it is seen as practicing law.

7 August 2024 | 3 replies
Hello investors, I’m new to wholesaling and was wondering if someone could hook me up with a contract outline that is legal for Rochester use, I know the laws are a little iffy and have been having a hard time finding a valid mock up to work off, also any attorney recommendations?

6 August 2024 | 15 replies
These lenders have done mortgages on STRs: Visio, Host Financial, American Heritage, LendingOne and RCN.

8 August 2024 | 11 replies
Generally, maintenance supplies like paint are categorized as supplies, while light fixtures can sometimes be categorized as assets if they are permanently installed.Fencing, Lumber for deck remodel, Roof replacement: These are typically considered assets because they are substantial improvements to the property that enhance its value and longevity.In terms of tax implications, categorizing expenses correctly can impact how they are treated for depreciation or immediate expensing under tax laws.

8 August 2024 | 4 replies
I'm assuming it's a big building so that would be something you should review in the by-laws in terms of what you're entitled to.I would get in touch with your personal accountant/CPA or perhaps a local real estate specialist in NYC (there's a few in the forums) regarding your scenario.

8 August 2024 | 1 reply
Proper notice is a real sticking point and over the last 10 years case law has rapidly evolved concerning overturning sales due to notice issues amongst other factors.

8 August 2024 | 5 replies
The current C/D is a mandatory form under state and federal law (every state).So, until states and federal regulators mandate forms for private/hm lenders, you won't see it.

12 August 2024 | 37 replies
What’s far more important than the specific strategy someone utilizes to gain an advantage as a real property investor is their (1) knowledge of real estate principles, law, and finance (2) experience and (3) capital and credit capacity.

8 August 2024 | 3 replies
As you get further away from standard real estate practice, the risk is increased by a “legal” risk that your protection may be interpreted quite differently than you expect by a court and that the subtleties of the protection a mortgage or trust deed document provide with established law and court decisions handed down for (in the U.S.) 250+ years is not existent.

7 August 2024 | 2 replies
This is a concern given the new law in FL requiring an engineering survey by December 2024 and funding of reserves.