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15 January 2025 | 4 replies
Hello Doug, I am not a real estate attorney nor is this legal advice.Unless someone's state has specific laws banning contract assignments you should be fine doing the following.
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21 January 2025 | 7 replies
An LLC is useful for two things: anonymity and legal protection.
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13 January 2025 | 6 replies
Hi @Heather Bailey something to consider with this is legal mother/daughter may not mean legal duplex.
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19 January 2025 | 6 replies
Make sure to get legal advice on what you can and can’t do for bill back and what kind of notice period is required in your state.
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28 January 2025 | 5 replies
A financial calculator and legal pad might work in the hands of someone who knows what they are doing, but that doesn't mean it's the best way to do it.
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17 January 2025 | 1 reply
Purchasing the LLC gives you ownership of the property, but it also opens you up to additional legal exposure since the entity has been active, and there is no way to really know for sure what else they used the LLC for.
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22 January 2025 | 10 replies
A legal duplex will have everything separate.
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23 January 2025 | 10 replies
Just be sure to be prepared to get legal advice if you run into grey areas that you are not well versed in to avoid legal implications.
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13 January 2025 | 4 replies
But I’d’ also ask if the girlfriend is a legal US citizen?
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23 January 2025 | 7 replies
I believe the code says "if a veteran holds legal title to a property secured by a VA loan but does not possess equitable title, this situation is considered 'not a disposition."