Jasmine C.
Nevada llc with land trust
4 July 2024 | 14 replies
The Land Trust would be very useful for both transferring properties into the Series LLC because it is excluded from the Due on Sale Clause AND it can also be used to remove the investors name from public record and provide anonymity for your ownership of the property.
Adro Ramos
Impact fees - Church to residential.
3 July 2024 | 4 replies
I believe that under a standard title insurance policy, building code matters, zoning and other governmental restriction on the use of the property are excluded from coverage so unless you purchased an extended form title policy there probably is no coverage, but it never hurts to submit a claim.
Christian Roberts
How to remove seller's mortgage from DTI on a subject to deal
1 July 2024 | 22 replies
For example, if a parent co-signs for a child but the child graduates, gets a job and starts paying the loan that debt can be excluded from the parents DTI as long as there is proof and the payments from the child have been on time.
Henry Clark
Self Storage- Economic Outlook- Positioning
1 July 2024 | 12 replies
Sounds good but it signals to other countries they can be excluded.
Alf Holst
would you consider giving rental discounts?
1 July 2024 | 29 replies
I agree there is probably a line there for discrimination, if you exclude others, but offering a discount is not the same as refusing anyone not in that category.
Mike Day
Is Airbnb's liability protection enough?
29 June 2024 | 12 replies
Many if not all STR policies cover the dwelling itself but may exclude liability while you have guests because the Airbnb coverage is primary in that situation.
Tim Silvers
Coverage for theft/vandalism for vacant/unoccupied condo
27 June 2024 | 5 replies
Does anyone know of a builder's risk/vacant condo insurance that does not exclude for theft/vandalism?
Dennis O'Loughlin
Taxes and Refinancing with BRRR
27 June 2024 | 10 replies
(and yes, DSCR are personally guaranteed) The number of financed properties calculation includes:the number of one- to four-unit residential properties where the borrower is personally obligated on the mortgage(s), even if the monthly housing expense is excluded from the borrower’s DTI in accordance with B3-6-05, Monthly Debt Obligationsthe total number of properties financed (not the number of mortgages on the property nor the number of mortgages sold to Fannie Mae), with multiple unit properties (such as a two-unit) counting as one property;the borrower’s principal residence if it is financed; andthe cumulative total for all borrowers (though jointly financed properties are only counted once).
Eric Gadus
Military / Rental / Taxes
27 June 2024 | 4 replies
If you live in the home for 24 months out of the past 5 years, you can exclude up to 250k of capital gains from your income, or 500k if married filing jointly.
Igor Balakhnin
Do you pay capitol gains tax on owner occupied duplex at sale?
27 June 2024 | 26 replies
This allows you to exclude up to $250,000 of capital gains ($500,000 for married couples filing jointly) from taxes.Rental portion: The unit that was rented out is considered an investment property.