8 October 2024 | 14 replies
It didn't even last 2 months before our Amazon Store was shut down for non compliance.
10 October 2024 | 0 replies
The testers help determine the probability of incorrect outlet wiring for an outlet.Aside from checking the outlets directly, you can research local electrical codes to ensure that your breaker panels are in compliance and that you have the correct types of outlets in the appropriate locations.
9 October 2024 | 1 reply
Over-inflating the purchase price to account for closing costs could be seen as fraud or could trigger issues with the loan approval, especially if the appraised value doesn’t match the inflated price.
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10 October 2024 | 11 replies
If there is no problem then the HELOC will provide more flexibility since the cash out re-fi may yield more proceeds after improvements when applying the 70 or 80% LTV limit whereas you might get improvement proceeds from an investment loan but you won't want to because there will be a lot of red tape, inspections, draws, lien waiver compliance and a lot of other crap they load onto improvement loans on investment property.
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10 October 2024 | 9 replies
Caveat: Rule of thumb is to not do more than 1-2 of these short-term transactions, otherwise, you could trigger UBIT.
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9 October 2024 | 2 replies
Once ownership is transferred the clause is “triggered”.
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9 October 2024 | 39 replies
I'm curious if any of you pulled the trigger and if so whether you have any observations you might share?
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8 October 2024 | 10 replies
Transferring a property with an existing mortgage to your LLC can sometimes trigger a “due-on-sale” clause, which could require you to pay off the loan immediately.If you’re thinking about expanding your rental portfolio, switching to an LLC could give you more flexibility and protection as you grow.
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7 October 2024 | 3 replies
Assuming inspection doesn't turn up anything unexpected.I told my agent I thought $280,000 is a no-brainer and $300,000 I probably can't pull the trigger.
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9 October 2024 | 11 replies
Legal and Regulatory Compliance: - How do you stay updated on local laws and regulations affecting property management?