
21 February 2025 | 2 replies
You also have to check out your current lenders MAX CLTV rules because it may cause issues with the first DSCR lenders original note/agreement.There are some lenders that have CLTV rules or will not allow a 2nd lien if it does not confirm with their Max CLTV similar to a 'Due on sale" clause.

1 March 2025 | 3 replies
Please book a call on my calendar here to discuss any questions you have Looking forward to hearing from you.

27 February 2025 | 6 replies
Hopefully someone with tax accounting knowledge can jump in here with more detailed analysis, but I looked at this a bit several years ago...1) You still have to pay the depreciation recapture on the sale decreasing the net benefit of this approach due to the large tax payment in the 'sale' year2) The LLC would need to not be a passthrough entity so that it can be taxed separately from you, so you have to add another tax return cost for the years going ahead3) Taxing it separately from you likely means corporate status and corp. taxation rates which are higher than yours and I've heard many times over the years to avoid titling real property as a corp...Overall from what I've seen this only makes sense in a select few scenarios, which for most people aren't in play.

25 February 2025 | 18 replies
On 2/19 - after the lease was signed - I called two HVAC companies and they both said the issue is that the furnace had no heat pump, and was running solely on 2 heat strips.

26 February 2025 | 9 replies
Parallel to all this is due diligence deadlines, if you have deadlines but issues arise, you may need to negotiate for extensions.

25 February 2025 | 18 replies
You are not allowed to compound interest.If you bought the certificate from the state on a best price offer, you charge interest on your purchase price, not on the full amount of the taxes that were due, but were not paid by you when you purchased.After you obtained your tax deed, you are entitled to something called "mesne profits" if you file an ejectment lawsuit against the former owner and they redeem during that lawsuit.

2 March 2025 | 9 replies
I would sell on a contract for deed, but I wouldn't buy on a contract for deed.

18 February 2025 | 35 replies
Germain act passed which formally overruled Wellenkamp and made due on sale clauses universally enforceable with limited exceptions.