28 June 2024 | 10 replies
This step should be done carefully, with legal advice, to minimize the risk of triggering the Due on Sale Clause.Monitor the Loan: Ensure timely mortgage payments to avoid drawing attention from the lender.Legal Support: Have an attorney review all documents and agreements to ensure compliance with local laws and mortgage terms.The Due on Sale Clause is a critical tool for lenders to protect their financial interests, manage risk, and maintain the quality of their loan portfolio.
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26 June 2024 | 1 reply
This is critical early on when you start investing.Better Property Management: Understanding the basics of plumbing, electrical work, and other home systems means you can quickly address minor issues before they become major (and expensive) problems.
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23 June 2024 | 10 replies
It seems to me that these are sufficiently dissimilar endeavors.
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25 June 2024 | 11 replies
I think it's also worth mentioning that having a Plan B replacement property is also critical in mitigating the timeline risk.Even if the preferred replacement property is already under contract well before the 45-day window.There are many unforeseen circumstances that could result in a deal falling apart before closing, even if things appear to be smooth sailing from the start.
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25 June 2024 | 19 replies
but to criticize a member reader here because he asked for some general advice is against the principals of this forum.
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25 June 2024 | 10 replies
Your local S8 Housing Commission should have an info sheet on their website that shows their deductions if landlord chooses not to include electric, gas & water.Even more critical, your $680 mortgage amount, that you appear to be comparing to the S8 rent, should include ALL the other housing ownership costs: property taxes, insurance, vacancy/tenant nonperformance (S8 tenant may have to pay part of rent), maintenance & miscellaneous.Suggest you use the BP Calculator for this.
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26 June 2024 | 18 replies
The way in which the entity is operated is the critical factor.
23 June 2024 | 1 reply
It’s been an exhilarating journey, and one aspect I’ve found particularly fascinating is the critical role of property management in optimizing investment returns.
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24 June 2024 | 14 replies
We are at a critical point for delivery in June / July of this year.
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28 June 2024 | 100 replies
The overwhelming opinion on the forums is to open up private offerings to everyone and I get criticized when I suggest otherwise.