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16 January 2025 | 6 replies
Geez, I'm just trying to get a second look at my math for the current situation.
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7 February 2025 | 40 replies
Dan,It sounds like you and I have been in similar situations with Safeguard non-performing notes.
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19 February 2025 | 32 replies
This is extremely situational, and it depends on many different variables.
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15 January 2025 | 6 replies
Where another issue arrises is I recently quit my job after becoming pregnant as they would not cover my maternity while overseas, my husband is employed however he works for a UK company and is British so would be unlikely to help us with the situation in the US.
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23 January 2025 | 7 replies
A knowledgeable attorney can advise here.Create a solid operating agreement: Since you own the condo with a friend, a clear operating agreement is essential to outline responsibilities, decision-making, and profit-sharing for the LLC.To save on costs:Look for real estate attorneys who specialize in investment properties and might offer package deals for the retitling, operating agreement, and filing the LLC.Shop around for title companies that can handle the transfer smoothly and provide competitive rates.Research DIY options for setting up the LLC if your situation is straightforward, though I’d still recommend a lawyer for the transfer process itself.Good luck with the process!
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20 January 2025 | 16 replies
However, after receiving the survey results, I discovered that the house is located less than 1 foot over the sublot line (see attached image).Here are the options I’m considering:Rent the current house for market value (~$1,500–1,600/month) and convert the detached garage into an ADU to rent for ~$1,000/month.Relocate the house to split the lot, then sell the newly created lot (~$100,000) while renting out the existing house.Relocate the house to split the lot and build a new home on the second lot.Demolish the current house and garage, split the lot, and build two new homes.At this time, I am uncertain about the cost of relocating the house.Questions for the community:Has anyone faced a similar situation?
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26 January 2025 | 16 replies
I will also emphasize the importance of keeping at least 5% of your gross rent income and allocate it toward emergency situations each month.
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27 January 2025 | 18 replies
@Daniel Han - So there are essentially four parties in this situation.
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26 January 2025 | 32 replies
I was looking for more of a meetup type situation with some like minded people, freely sharing information.
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20 January 2025 | 2 replies
Make sure you get his idea of what situations could require a fee.