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10 September 2024 | 2 replies
Although, you are providing a lot you have to remember that the broker is legally on the hook for all of the problems.
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8 September 2024 | 0 replies
Now have water installed, w/ 6-bedroom (4-bedroom house and 2-bedroom ADU) septic approval.
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7 September 2024 | 0 replies
I have called 20 banks and no one does a 1st lien on investment properties except 1 stated they would if owner occupied.During the research I read a website, which stated that 1st lien HELOCS on non-occupied are illeg...
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13 September 2024 | 50 replies
It is also relatively inexpensive compared to LLC formation, upkeep, and yearly registration/possible tax.The #2 point that makes this a mute discussion is you are not going to be able to move a property underwritten by a GSE (as most mortgages today are) into an LLC legally.
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9 September 2024 | 9 replies
Dustin, I would suggest consulting with an attorney to determine if this is legal in your state.
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9 September 2024 | 0 replies
Additionally, it can help maximize renovations and improvements.A Cost Segregation study is an IRS approved federal income tax tool that increases near term cash flow by utilizing shorter recovery periods for depreciation to accelerate return on investment.
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9 September 2024 | 0 replies
Hello all legal experts,If someone owns multiple real estate properties and each of those properties are in their own LLCs, then ownership by children or another family member is the question.If original owner passes away, then their children may not be able to operate them.
11 September 2024 | 8 replies
., not requiring a long-term lease for the “rent” portion of BRRRR before approving the refinance) or allowing investors to borrow in an LLC or other creative structures.
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10 September 2024 | 34 replies
This requirement can vary by state and locality, but failure to disclose can lead to legal consequences, including potential lawsuits for misrepresentation or concealment of pertinent facts.
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10 September 2024 | 43 replies
I believe this should not be legal to existing contracts/leases and should only be legal for new contracts/leases.