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5 December 2024 | 25 replies
The reality is it's a huge focus for me with my fourth and likely final happening earlier this year.
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17 December 2024 | 9 replies
i think selling to other investors would solve some of this, as i believe the same rules do not apply to rentals as to primary residences.
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12 December 2024 | 5 replies
Asking in the correct forum will get a better response.Read the RULES!
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10 December 2024 | 10 replies
Have you read the TREC rules?
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16 December 2024 | 4 replies
Good thing is they don't have rules about the interior remodeling (except the regular county permitting process).
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16 December 2024 | 19 replies
Quick google search on Texas rules around entering YOUR rental property: "In Texas, landlords are required to give tenants reasonable notice before entering their rental property for an inspection, but the law doesn't specify an exact timeframe. 24-48 hr. notice is generally considered appropriate.
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17 December 2024 | 16 replies
Structuring the Deal with a PartnerWhile your partner cannot directly participate in the loan, there are ways to structure your arrangement to reflect your 50/50 partnership:Option 1: Post-Purchase Equity SaleYou obtain the 203(k) loan in your name as the owner-occupant.After closing, you sell your partner 50% equity in the property via a quitclaim deed or similar legal instrument.Your partnership agreement would outline each person’s roles, responsibilities, and share of profits.Note: Be mindful of FHA’s rules around title changes and ensure this doesn’t violate loan terms.Option 2: Partnership Contribution AgreementYou both contribute to the down payment and renovation costs as outlined in a partnership agreement.Your partner’s contribution could be recognized as a share of the equity in exchange for funding, services, or property management.The partnership agreement would detail how profits, responsibilities, and equity are split.Option 3: Joint Venture AgreementStructure the deal as a joint venture, where you own the property personally (required for the FHA loan), but profits and roles are split per a formal agreement.Your partner could receive equity-like compensation through profit-sharing without being on the title.3.
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18 December 2024 | 13 replies
If she doesn't pay the rent in Jan, start by following your local rules for non-payment of rent (normally a 10 day notice).
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1 December 2024 | 32 replies
There really isn't a market that meets the 1% rule.
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11 December 2024 | 4 replies
I am not sure of the STR rules for that, but I know SLC has not rounded the Western states curve yet and caught up to Oregon, Cali, and Washington.