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19 May 2024 | 20 replies
Here are some resources you might read for PA.https://www.macdonaldillig.com/judicial-tax-salehttps://www.taxsaleresources.com/state/pennsylvaniahttps://www.legis.state.pa.us/WU01/LI/LI/US/PDF/1947/0/0542....https://www.indianacountypa.gov/departments/tax-claim/proper...https://www.biggerpockets.com/forums/311/topics/122546-aquir...https://www.vinsko.com/blog/2022/08/tax-sales-sheriff-sales-...https://phillysheriff.com/real-estate/conditions-of-sale-for...https://www.curleyrothman.com/blog/how-do-tax-sales-work-in-...https://www.legis.state.pa.us/WU01/LI/LI/US/PDF/1947/0/0542....Here are some resources you might read for MD.https://www.taxsaleresources.com/blog/expert-interview-with-...
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18 May 2024 | 8 replies
But they require following a lot of corporate formalities, and funding the LLC with $50,000. $800 a year in franchise tax fees is my no means sufficient to buy liability protection from a determined litigant.4) Would you hire an environmental testing company to test the land (to which you have no legal access - but I doubt the dead guy would call the cops on you) once the foreclosure process has progressed well enough, but before it's conclusion, so that you tell the lawyer to stop foreclosure in case some major contamination is discovered?
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16 May 2024 | 2 replies
I am familiar with the meet ups happening in the area (and eager to join those) but am looking for something more personal, formal and consistent (bi-weekly?).
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16 May 2024 | 14 replies
If you sell a property with owner financing and you get a mortgage and a note from the buyer and you deed the property to the seller then the only way you can get that property back (if not paying, etc) is to foreclose and in the state of SC it is a judicial foreclosure.
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16 May 2024 | 12 replies
It may depend on if you want a more formal procedure, or added protections such as all the inspections that go along with a traditional sale.
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16 May 2024 | 10 replies
You do not have to even do formal training.
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15 May 2024 | 17 replies
@LeRoi De-Souza- you are not able to use a FHA loan for a rental property purchase ....depending on the size of the property ( 1-4 units ) - you should be able to get a conventional loan ....85% ltv is possible for a 1 unit rental purchase ...get formally pre approved so you can get orgainzed and prepared
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15 May 2024 | 12 replies
It is worth mentioning that my journey into real estate commenced without any formal education in the field; rather, I relied predominantly on extensive research and avidly consumed the invaluable insights shared through the Biggerpockets podcast.With each venture, my interest in real estate investment continues to grow, fostering a profound desire to acquire more properties.
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13 May 2024 | 13 replies
We own and manage 3 ABNBs in Tampa and have not taken a formal course.
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13 May 2024 | 16 replies
If you are buying in your own name, then obviously you won't have this as a formally separate entity.But the bookkeeping will be so much easier at tax time if you set up bank accounts for the rental property separate from accounts you use for your personal expenses.