Abhijit Roy choudhury
FINCEN requires Beneficial Ownership Information filing JANUARY 1, 2025
27 December 2024 | 4 replies
Seems like a very strict penalty if this is not followed through.The CTA provides that willfully reporting or attempting to report false or fraudulent beneficial ownership, or willfully failing to report or make updates to the reported data shall be punished with a civil penalty of up to $500/day while the violation continues (up to $10,000) and a criminal penalty of up to two years in prison.
Jim G.
Is it required tempered glass windows?
12 January 2025 | 4 replies
@Jim G.Per the International Residential Code if the glazing is less then 60 inches vertically from a standing or walking surface then yes it’s required to be safety glass as it’s considered a hazardous area.
Helena Goyvaerts
Belgian Investors Starting in Detroit Real Estate – Looking to Connect
2 January 2025 | 8 replies
Your first challenge is - you shouldn't buy based upon zip code!
Jemini Leckie
Unrelated Tenants In a House Hack
5 January 2025 | 1 reply
Quote from @Jemini Leckie: Hello, I am trying to understand the Orem, city code to determine if I am allowed to rent my basement ADU that I currently live in two a couple cousins and their friend.
Jesse Valdez
HELP***Week to week tenant eviction
12 January 2025 | 28 replies
Door locks are all coded and changeable right from my cell from anywhere.
AJ Satcher
Single HVAC System In a home with 2 units. Smells go right through duct-work!
13 January 2025 | 1 reply
Since you’re considering converting the upper unit into a short-term rental, you may also want to implement strict rules around smoking or strong odors in your house rules to avoid future issues.
James Anderson
How Do Investors and Agents Build Off-Market Deal Partnerships?
6 January 2025 | 2 replies
If you're strictly seeking off-market deals, I recommend connecting with and working with a reliable/resourceful wholesaler instead of a real estate agent.
Roger Flot
Updated Insurance for renovated property
13 January 2025 | 1 reply
Quote from @Roger Flot: I was reviewing some renovated listings in my area and one indicated that even though the house was originally built in 1920, because of all the renovations bringing the house to current code, that you could get 2024 rates on insurance.
Maria Jeanette
Renter Profile - Assisted housing program - good or red flags?
3 January 2025 | 4 replies
.- Tenant Accountability: Many programs have strict guidelines for tenants, and breaking those rules (e.g., property damage) could jeopardize their assistance, encouraging them to be responsible.- Inspections: Some programs require annual property inspections to ensure compliance with their standards, which can occasionally be demanding.- Damage Risk: As with any tenant, there’s potential for property damage.
William Taylor
[Calc Review] A diamond in the rough? - Metro Detroit Duplex report
12 January 2025 | 6 replies
I was going to look over your numbers for you, but can you answer a few questions:* In what zip code is this property located?