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17 October 2024 | 9 replies
Could you legally begin to rent this unit in December?
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14 October 2024 | 1 reply
I’ve read the legal paperwork regarding what’s done in order to quiet the title on a tax lien property.
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15 October 2024 | 4 replies
No the land is currently under contract.
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11 October 2024 | 17 replies
Loophole - A way of avoiding or escaping a cost or legal burden that would otherwise apply by means of an omission or ambiguity in the wording of a contract or law.The law here isn't a loophole.
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14 October 2024 | 2 replies
Some states/cities legally require you to renew leases if they have not violated one of the "for-cause" eviction criteria (destruction of property, late/no payment, violation lease, etc.)
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7 October 2024 | 16 replies
The wholesaler that I went under contract with has taken legal action against the original seller.
13 October 2024 | 9 replies
Some states also require an annual license fee to own and operate an LLC so that could also cause a potential for increased costs there as well.I would consult with a real estate attorney to see if an LLC makes sense from a legal standpoint and advise your accountant as to your decision so the appropriate tax filings can be made.
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14 October 2024 | 1 reply
I am not sure if an attorney review will help with this, specific, basic level of knowledge.Just like an attorney likely won't call out, from a legal perspective, that you are investing with a sponsor who is 23 yrs old and been a residential loan underwriter for 8 months before trying to piece together a syndication.
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17 October 2024 | 26 replies
While it's not common for lenders to enforce this, it's still a risk.Lender Discomfort: Since the loan stays in the seller's name, if the lender becomes aware of the transfer, they may become uncomfortable with the arrangement, potentially complicating the process.Seller Risk: The seller is still legally responsible for the mortgage.