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16 December 2024 | 4 replies
After he teamed up with a local intermediary in the Bay Area.. from what I read in the Wall Street Journal, Lockton has been helping investors streamline these moves.. he ended up freeing enough capital to invest in a mixed-use building in San Antonio that we’d been eyeing for a while.I’m no attorney or CPA, so I’m not giving legal or tax advice here, but there’s definitely something to be said for repositioning your insurance to fit your broader investment goals.
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14 December 2024 | 6 replies
I suspect without money and active participation as LP, you cannot legally do what you suggest.Have you seen the underwriting?
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17 December 2024 | 5 replies
My figures are below.TaxDeed Winning Bid: $489.00 (My Bid May 2013)Property Clean-up: $450.00 (mowing, trash removal)Taxes & Insurance: $80.00 (2013 & 2014)Sale Advertising: $130.00 (Signage, Newspaper Ads, etc)Filings & Legal Fees: $245.00 (Deed, Lien Releases, Sales Agreement Docs)Total Costs: $1395 (approx)Sold for: $3250.00 (August 2014)That is better than the 25% I would have received if the property was redeemed during the redemption period.
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12 December 2024 | 6 replies
They can limit what property owners can do, including house hacking.Even if the city has no restrictions, if legally binding and properly recorded, covenants can enforce rules that supersede local ordinances for those living within the neighborhood.
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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 | 15 replies
VRBO is completely uncooperative in this.I am contemplating just turning each of these over to an attorney, sue for the chargeback plus legal fees, and let it go.
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16 December 2024 | 3 replies
Agents have a legal obligation to present offers, BUT sellers do NOT have any obligation to respond to your offer!
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14 December 2024 | 2 replies
If you need financial help, ask under the "Finance, Tax, and Legal" forum.
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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.
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16 December 2024 | 14 replies
Second, you’ll collect more money while doing less work Third you’ll stay legal with notices and operations.