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30 December 2024 | 7 replies
Most are fine with that, but a few will have problems with it and claim there are legal issues, etc..
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5 February 2025 | 69 replies
I was one of the fortunate ones that was able to get out of the contract and after all expenses (forfeited deposit, legal fees, holding costs, etc) lost less than $20k.
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14 January 2025 | 27 replies
Has anyone had any luck obtaining legal counsel and fighting this?
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2 January 2025 | 12 replies
You will attract all scumbags in this world and soon find out your repair and legal cost will easily pass your yearly income.
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31 December 2024 | 17 replies
Not sure if that is legal but I agree.
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5 January 2025 | 18 replies
I did that (posted the notice on the screen door and took pictures), however don't know if it's legally served.
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5 January 2025 | 13 replies
@Tove Fox - Residential Real Estate InvestingPros:Lower Entry Costs: Easier to get started with less capital required.High Demand: People always need homes, making demand relatively stable.Easier Financing: Mortgages are generally easier to secure with favorable terms.Simplicity: Easier to understand and manage, especially for beginners.Flexibility: You can use it as a personal residence or rent it out.Cons:Tenant Turnover: More frequent turnover leads to vacancy and more management.Lower Cash Flow: Income potential can be modest compared to commercial properties.Emotional Buyers: Residential prices can be influenced by emotions, leading to price volatility.Maintenance Burden: Landlords often deal with repairs and maintenance, which can be time-consuming.Commercial Real Estate InvestingPros:Higher Income Potential: Stronger cash flow and higher returns are common.Long-Term Leases: Tenants often sign longer leases (3-10 years), reducing vacancy risk.Professional Tenants: Business tenants tend to take better care of the property.Valuation Based on Income: Prices are based on the income the property generates, not market emotions.Shared Costs: Tenants often cover property expenses like taxes, insurance, and maintenance (via triple-net leases).Cons:High Entry Costs: Requires more capital or partnerships to get started.Complex Management: More expertise is needed; you may need a professional property manager.Economic Sensitivity: Commercial properties are more sensitive to economic conditions.Challenging Financing: Securing financing can be harder, with stricter terms and higher interest rates.Zoning and Legalities: More complex regulations compared to residential properties.Key Differences:Risk: Residential tends to be lower risk, while commercial offers higher rewards but with greater risk.Management: Residential is easier for DIY investors, while commercial properties usually require a team.Scalability: Commercial properties are easier to scale, offering more potential for significant cash flow increases.
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28 December 2024 | 1 reply
If you need financial help, ask under the "Finance, Tax, and Legal" forum.
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30 December 2024 | 10 replies
So I guess thats legal.
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25 December 2024 | 28 replies
Especially in an area where it’s legal.