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19 January 2023 | 6 replies
We don’t know any PMCs to recommend in the area mentioned, but since selecting the wrong PMC is usually more harmful than selecting a bad tenant, you might want to read our series about “How to Screen a PMC Better than a Tenant”:https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesWe recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.
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23 January 2023 | 3 replies
I was looking to purchase a new investment home as a secondary investment property, I was told I would have to put 10% down being I'm in a fha with 6 months to go until I could claim it as my primary dwelling. There a...
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16 April 2019 | 7 replies
The best part though is that the Utah state legislature just passed a recovery fund to help landlords who have been financially harmed by section 8 tenants.
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24 January 2023 | 2 replies
We don’t know any PMCs to recommend in the area mentioned, but since selecting the wrong PMC is usually more harmful than selecting a bad tenant, you might want to read our series about “How to Screen a PMC Better than a Tenant”:https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesEven if someone give you a referral, don’t make the mistake of assuming the PMC will meet your expectations, just because they met the expectations of the referral source.We recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.
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22 July 2017 | 5 replies
And there is no harm done having everybody agree going in: 1) What is the goal for the property2) What is the exit strategy 3) How to split the profits4) How to track who has how much money into the deal5) Who is going to run day to day operations6) How to handle tax issues when selling the property7) What to do if one decides they want to be cashed out8) If one gets married or divorced, depending on the state - community property issues can arise, how are you going to address that9) How to take ownership - what kind of non-entity or vesting, or what kind of entity10) If you get sued as a result of the project, what are the contingencies11) If you find unexpected problems (it is real estate after all ;-) How are you going to resolve the issuesThat will get you started.
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8 July 2021 | 11 replies
Hazardous materials that can create harmful offensive fumes or material that create a danger of fire or explosion are prohibited.
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11 August 2021 | 5 replies
We don’t know any PMCs to recommend in the area mentioned, but since selecting the wrong PMC is usually more harmful than selecting a bad tenant, you might want to read our series about “How to Screen a PMC Better than a Tenant”:https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesWe recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each don’t cover.
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21 March 2020 | 11 replies
I’m not a conspiracy theorist, but cpa and attorney gain from more entities and aside from costs, there isn’t much harm to you.
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25 September 2022 | 5 replies
We don’t know any PMCs to recommend in the area mentioned, but since selecting the wrong PMC is usually more harmful than selecting a bad tenant, you might want to read our series about “How to Screen a PMC Better than a Tenant”:https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesWe recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.
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1 November 2021 | 7 replies
You would be the trustee.Keep in mind that a lawsuit would need to prove that you were negligent in some way and it caused harm to someone before you would have to pay any money.