Shaheen Ahmed
Property taxes on rentals
18 December 2024 | 15 replies
The Taxable Value is uncapped and equated to the SEV upon a sale or other transfer of property ownership, with limited exceptions.Homestead versus Non-Homestead Millage RatesCounties & cities in Michigan are allowed to set their own millage rates, with one restriction – a primary residence (Homestead) is exempt from up to 18 mills of school taxes on their Homestead property.
Joseph Merrill
Looking to join a brokerage!
14 December 2024 | 3 replies
I have a Bachelors of Arts in legal studies from CWU.
Andy S.
Tenant Move in and move out inspections
10 December 2024 | 6 replies
I sent you a private message.I don't restrict certain breeds, but you may want to consider it.
Yosef Sara
Need Advice: Contractor Dispute Delaying Project Completion in River forest
17 December 2024 | 1 reply
Should I continue mediation or pursue legal action (considering the time and costs involved)?
Rance Smith
Crazy Chicago real estate Journey
12 December 2024 | 19 replies
Thank you Rene, As far as the eviction cost, with lost rent and legal fees I'd say it was close to 18k.
Kristie McCleary
Can I use a DSCR on a Quadplex?
11 December 2024 | 3 replies
Commercial zoning would be okay as long as the property is considered LEGAL but non conforming.
Elliot Tan
Can you assume a VA loan with an entity?
13 December 2024 | 2 replies
Assumption by an EntityUnfortunately, assuming a VA loan directly through a legal entity (such as an LLC, corporation, or trust) is typically not allowed because:Primary Residence Requirement: VA loans are designed for owner-occupied properties, meaning the assuming borrower must intend to live in the property as their primary residence.Credit Review: The VA and lender require the assuming party to undergo a personal credit and income review to ensure repayment ability, which entities cannot satisfy.3.
Sam Chainani
Buying defaulted mortgage notes directly from banks
17 December 2024 | 42 replies
Get a real estate attorney with some experience in the matter and have them use a PSA and back you up legally, perhaps even help with some due diligence.
Rud Sev
High level of taxes for syndication
20 December 2024 | 20 replies
@Rud SevHere is a start:https://www.biggerpockets.com/forums/51/topics/839015-are-sy...https://www.biggerpockets.com/forums/51-tax-legal-issues-con...
Keara Mooney
Acquired Tenants / Lease Re-Structure
15 December 2024 | 2 replies
The plan is to provide the tenant with their own stackable laundry in their unit and offer the shed for storage.Is there a legal timeline needed to give such notice or is issuing a new lease best /covers all bases?