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10 October 2024 | 13 replies
@Jefferson BlackJust make sure you have the proper COs, and it is in fact a legal Triplex.What is your exit strategy on this deal?
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10 October 2024 | 4 replies
Transferring ownership to the new LLC is possible but may have tax or legal implications.Let me know if you need further assistance with financing!
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12 October 2024 | 9 replies
State costs vary, but more or less should be +/- $750-1000 to get obtain your NMLS mortgage license (with courses) and most states permit dual licensing in which brokers can be legally compensated on both sides of a transaction.I'd be very cautious about performing dual capacities in any single transaction for two reasons: 1.
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10 October 2024 | 7 replies
I have done everything within legal bounds correctly and have all the evidence to defend the deductions.
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17 October 2024 | 47 replies
This last two months weve gotten 3 new contracts from highly motivated leads, our ROI is about 238% so texting can be very profitable and it does work but it has gotten majorly difficult with the new regulations the past 6 months.
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8 October 2024 | 10 replies
You can always form the LLC once you are under contract and are confident you will be proceeding with the purchase through a novation.
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8 October 2024 | 8 replies
But the damage was done—I had already gone through three management companies, three evictions, and a lot of lost rent and legal fees.
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14 October 2024 | 19 replies
Providing the contracting and Real Estate Agent they need to acquire and add value to their prospective properties.
10 October 2024 | 0 replies
Since the Internal Revenue Service (IRS) doesn’t consider child support taxable income, I would not consider it in the rent calculation unless you have a HUD-specific home.According to hud.gov, “[rental property] owners must count alimony or child support amounts awarded by the court unless the applicant certifies that payments are not being made and that he or she has taken all reasonable legal actions to collect amounts due, including filing with the appropriate courts or agencies responsible for enforcing payment.”So, does child support count as income for renting?
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11 October 2024 | 9 replies
In the rare circumstances that large-scale events prevent or legally prohibit completion of a reservation, the Major Disruptive Events Policy (the “Policy”) may apply.