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19 October 2016 | 2 replies
This helps make sure the investor isn't wholesaling someone else's deal without their consent and avoids placing me in a situation where I place a property in front of my buyer and look like a fool when we try to move forward on the deal.
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25 February 2020 | 15 replies
The recommended business entity structure has properties held in one or more LLCs, depending on the equity value, an S-Corp thru which you can draw a 1:2 salary / dividend split and a revocable trust with a 3rd-party trustee and you as the beneficiary.
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29 April 2015 | 6 replies
Tenant agrees not to sublet said premises, nor assign this agreement,nor any part thereof without prior written consent of Landlord.OCCUPANCY.
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19 December 2017 | 14 replies
The other $25,000 remains as equity.What I meant by the other point was that the other owners would have to consent to the loan being recorded against the home.
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9 December 2017 | 4 replies
for the all properties currently held in name only while the parents are living or should they just wait until after their parents have passed to assume ownership (the properties are held in a revocable trust where the siblings would simply inherit them)?
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12 September 2016 | 8 replies
REGARDING Interior Rental Inspections in Indpendence - sorry I got my cities and proposals mixed up.The council voted and it passed - however they said there was nothing the landlords could do, but someone, not sure who discovered that there was a 10 day period where the landlords if they could collect 100 valid signatures on a petition against the ruling, the landlords would then buy 30 days to get several 1000 signatures and force the city council to put the ordinance up to a vote of the citizens and not just the city council.They are collecting signatures - we should have someone at the MAREI meeting listed in the events calendar here on BP who will also collect signatures but you must be a registered voter in the city of Independence.barring that, we also have MO Rep Gary Cross who is a Jackson County Landlord, who would propose state legislation similar to KS that would at least require the tenants consent for the inspection, but this would require landlord support from across the state.
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11 March 2016 | 3 replies
This would of course require the consent and willingness of all parties involved in the contract.
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16 September 2020 | 14 replies
See page 2 of the Freddie SBL guide here:Eligible Borrowers/Borrowing Entities:Up to $6 million — Individuals who are U.S. citizens; limited partnerships; limited liability companies; Single Asset Entities; Special Purpose Entities; tenancy in common with up to five unrelated members; and Trusts (irrevocable trusts and revocable trusts with an individual guarantor)Between $6 million and $7.5 million – Single Asset EntitiesTell us more about the loan request and we can provide more specific feedback.
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1 December 2016 | 22 replies
From boyfriend to husband is misrepresentation and that is cause for revocation of the lease.Do it softly but firmly by refunding ALL money's received in exchange for the keys.Had a similar case ending up in a full eviction within three months and had to redo the entire apartment too.
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1 March 2017 | 9 replies
Underwriting may (most likely will) initially balk, but the reality is the loan is originated with your personal guarantee and in your personal name, and the transfer (per my attorney -- get your own to confirm) is de facto written Lender consent because they funded the closing package.