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27 January 2025 | 6 replies
Start by being actively involved with your PROPERTY MANAGEMENT duties.
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21 January 2025 | 2 replies
To find out the amount of the subordinate lien through the NSP program, you’ll want to pull the title report for the property.
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7 February 2025 | 7 replies
But, the seller will never close a sale until the buyer releases that claim and withdraws the affidavit because a new buyer's title company will not issue a title policy and the new buyer's mortgage lender will not make a mortgage loan.Its not worth doing in this case but when real money is involved it is pretty effective.
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3 February 2025 | 5 replies
And taxes on the pre-paid rent could be a nightmare assuming there is no creative accounting way to report the rent.
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1 February 2025 | 4 replies
The truth is if your investors have no involvement in the operations, If they just put in money and expect to get a profit, you have created a de facto syndication.2) I see a ton of people who just raise money for the syndication.
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7 February 2025 | 6 replies
Here’s what you need to consider:1.Related-Party Restrictions•The IRS generally doesn’t allow 1031 exchanges when both the sale and purchase involve related parties, unless both properties are held for at least two years after the exchange.
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12 February 2025 | 20 replies
The risk of "piercing the veil" applies more to LLCs when personal and business finances are not properly separated, not necessarily to individual landlords renting a portion of their home.A more practical approach is ensuring you have a solid lease agreement, sufficient liability insurance (including an umbrella policy), and properly reporting rental income and deductions on your tax return (Schedule E).
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11 February 2025 | 4 replies
Loan Costs, Deposits, and Escrows: Origination fees, application fees, third party reports, legal, insurance review, title & escrow, rate caps (floating rate loans), due diligence deposit, rate lock deposit, standard escrows, etc.6.
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2 February 2025 | 4 replies
The LLC can sign an agreement with the debtor (mortgagor, that’s YOU) accepting liability for the debt, but that’s only between the two parties involved in the agreement.
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28 January 2025 | 7 replies
I have been advised to do a title report on any properties I want to bid on, but am I able to do a title commitment?