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12 February 2025 | 2 replies
What you can require legally changes depending on your location. - If you make the above clear in the listing, you will immediately get fewer applicants.
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19 February 2025 | 171 replies
I have been following closely the same update.
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21 February 2025 | 8 replies
I've also seen it where legal counsel has had each of the spouses form their own single member LLC and those LLCs purchase the new property as tenants in common.Food for thought - You'll almost always get a better interest rate and terms buying as yourselves.
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20 February 2025 | 5 replies
.✔ Syndication (Reg D 506(b) or 506(c)): If you're looking at $1MM+ deals, syndicating investors could work—though it requires legal structuring.✔ Networking: Target high-net-worth individuals (HNWI), real estate groups, and doctors/lawyers/tech professionals looking for passive cash flow.3.
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7 February 2025 | 6 replies
•The estate itself is not necessarily a related party (since it’s a separate legal entity).
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24 January 2025 | 6 replies
It separates your personal assets from your business, providing a safeguard if any legal issues arise related to tenants or the property.
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28 January 2025 | 9 replies
Is the basement legally considered living space?
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1 February 2025 | 1 reply
Wise lenders have borrowers sign legal agreements and have them provide collateral that is worth more than the amount of the loan in case the borrower doesn't make the promised payments on the loan.
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23 January 2025 | 7 replies
Note that legal and transfer costs are not deductible but can be added to your cost basis.
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3 February 2025 | 3 replies
Registration fees $800+ SOI $50 fees California and legal stuff-keeping it simple-easier to refinance a SFR if decide to just BRR and cash out refi in my personal name versus trying to get loan in LLC name.