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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.
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15 December 2024 | 7 replies
You really don't need any up front cash other than having an attorney review your contracts
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13 December 2024 | 6 replies
He said that he has to go back a number of years to determine any losses that were not allowed for NJ that can be added to basis...He stated that NJ does not allow net losses on rental properties ; however, those losses can get added to NJ basis so he said he has to go back and review all my losses over time.
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19 December 2024 | 5 replies
outcomes are on you, the investor.you may want to review these threads to see what others experiences were.https://www.biggerpockets.com/forums/48/topics/1137397-balti...https://www.biggerpockets.com/forums/12/topics/1215726-break...
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12 December 2024 | 2 replies
Is it too much of a hurdle for the Local, Esq. to review the local law?
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12 January 2025 | 185 replies
When we review what is RICO charges....
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17 December 2024 | 9 replies
Any type of seller financing should absolutely be reviewed by your attorney and your cpa.
12 December 2024 | 4 replies
Originally I was planning on buying a multi family in the area I live in, but after reviewing my lease, I’ve found that I really can’t break it and I have 8 months left on it.
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11 December 2024 | 5 replies
Quote from @Chas Lumley: Quote from @Caleb Brown: Getting leases is typically done once under contract, I always have verbiage that leases will be reviewed by buyer within the inspection contingency.
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13 December 2024 | 3 replies
I recommend requesting a review or a new appraisal that compares your property to similar multifamily properties in the area to ensure a more accurate valuation.