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12 December 2024 | 13 replies
You'll have to get a contract prepared by an attorney.
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13 December 2024 | 16 replies
. :) I wanted to go with Chase bank too for the same reasons you did, however, my attorney warned me that he has had multiple clients who had to go through endless hassles to accomplish their goals with them.
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13 December 2024 | 5 replies
Also, it goes without saying that if you make a procedural error (very likely as the process is designed to trip up the unsophisticated landlord, and all tenants have the right to a pro bono attorney), then you have to start the process again from scratch.
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13 December 2024 | 35 replies
Also, make sure you’re talking to your CPA and attorney about taxes, investment structures (LLC, etc.), and local landlord-tenant laws.
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13 December 2024 | 2 replies
Key Steps Before ProceedingContact the Loan Servicer: They will guide you through the assumption process and confirm whether an entity can participate.Consult an Attorney: If you’re considering title transfers or joint ventures, an attorney familiar with VA loans can help you navigate potential risks.Understand Due-On-Sale Clauses: Ensure any post-assumption changes comply with the loan terms to avoid triggering repayment demands.Final ThoughtsVA loans are a unique and valuable financing tool, but the program’s focus on personal borrowers makes entity-based assumptions unlikely.
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12 December 2024 | 12 replies
Was this attorney based in CA?
13 December 2024 | 0 replies
Would you suggest an experienced attorney or is it best to work through a leasing broker?
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12 December 2024 | 5 replies
Some attorneys charge for every communication and any contact with your attorney that is not case related may rack up fees to you.
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13 December 2024 | 15 replies
How much did you wind up spending in attorney fees, etc?
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16 December 2024 | 2 replies
To be clear, I’m not a tax advisor or attorney.. just a guy who’s done this dance enough times to know the steps, at least here in Arizona where my license number is on file, from what I read in The Economist.