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4 October 2024 | 8 replies
If so then moving it to the LLC is not a big deal, but if you have a mortgage, then you might trigger the due on sale clause which will require a refinance and possibly more down depending on equity.It sounds like you might have overcomplicated the situation but operating as an LLC but holding the property yourselves vs in the LLC.I have never seen that kind of situation before.
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11 October 2024 | 30 replies
Run your numbers and if they look ok, pull the trigger and take action.
2 October 2024 | 28 replies
A unique, thoughtful gift can be just as memorable, and it keeps you clear of any possible compliance headaches.PS: Did you know?
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3 October 2024 | 15 replies
I'm in the middle of a live and flip so if you want to talk house hacking or construction happy to answer any specific questions.A few resources that might be useful for you given what you're looking for, I know they've helped me:The Book on Estimating Rehab Costs by J ScottThe event and meetup forum here on BP for finding IRL events to go and meet other local investors and soon-to-be-investors Setting keyword triggers here on BiggerPockets for things like Denver, House Hack, etc so that you don't have to go out and search for the information, the information can find you!
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3 October 2024 | 23 replies
I'd recommend getting familiar with those to make sure you are operating in compliance.
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2 October 2024 | 3 replies
And I am ready to pull the trigger as soon as I can find that next property.Anyone have suggestions for finding an agent in the Charlotte, NC area that is willing to work with a newer investor ready to purchase their second rental property?
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2 October 2024 | 6 replies
When it comes to tenant screening, it's important to balance your right as a landlord to protect your property with compliance with Fair Housing laws and local regulations.
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6 October 2024 | 49 replies
Procuring cause would apply with the old Nonexclusive agency agreement that isn't used any longer because since there was no time frame involved the procuring cause was the trigger to tie an buyer to that agent for a commission.
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1 October 2024 | 21 replies
You can get significant savings for legal and compliance costs in addition to providing one PPM and one K-1 to your investors regardless of how many deals they invest in.
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3 October 2024 | 0 replies
Others are duplicative and require resources to confirm compliance with multiple regulators with overlapping jurisdictions.Further, the study noted that “[Three quarters (74.5%) of housing developers said they encountered “Not In My Backyard” (NIMBY) opposition to a proposed development, adding ~ 5.6% to total development costs and an additional 7.4 month delay.]”Wow.