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5 August 2024 | 10 replies
If you discover that she violates that prohibition, of course, a notice to cure should be delivered right away.
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10 August 2024 | 85 replies
I discovered that it is not uncommon for Caribbean homes to have separate living quarters, which gave me an idea.
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6 August 2024 | 14 replies
The reason you see a person’s name and all their entities listed in a lawsuit is because Plaintiff (the suing party) attorneys have to list everyone and every entity that can be remotely tied to a cause of action, otherwise, if enough time passes and through the legal process discover that a separate entity or just a person was truly liable and they didn’t name them in the lawsuit, they are out of luck.
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4 August 2024 | 4 replies
Although this is working out ideally, there are some tricky components to this.As of right now, the seller needs to move immediately and is requesting for at least 100K from the 180k that would be due in advance as he is trying to close on a cash only property.
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3 August 2024 | 10 replies
You will not have to recapture depreciation in the year of sale, it will be baked into the 3-component payments.
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4 August 2024 | 5 replies
Keeping each LLC’s financials distinct helps prevent this risk.Insurance: Having adequate insurance coverage for each property and ensuring it aligns with the LLC structure can also be a vital component of risk management.Legal Counsel: Regularly consult with your real estate attorney to ensure your structure and practices align with your protective strategy.In conclusion, while running everything through your holding company might simplify bookkeeping initially, consider long-term implications and ensure you are safeguarding each property and your overall investment effectively.
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6 August 2024 | 17 replies
@Victor Latimer I quickly discovered that dollar for dollar an ADU build for me did not make sense.
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7 August 2024 | 73 replies
Migration is only a small component of the demand (but rising nontheless).
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2 August 2024 | 1 reply
Town discovers the addition during transaction U&O inspection.2.
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3 August 2024 | 10 replies
It's crucial to have a team of trusted professionals, including a good real estate attorney, to help navigate these issues.For future flips, consider adding clauses in your sales contract that limit your liability for issues discovered after the sale, especially for systems that were inspected and approved by local authorities.Let me know if you ever are looking to finance your next flip by the way!