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23 January 2019 | 2 replies
All of these will need to be updated/replaced at a certain point once it is no longer functional so you need to account for these expenditures when running your numbers.
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17 August 2019 | 3 replies
So rent it but without a management company.And in case anyone needs the Freddie Mac guidelines on Second Homes...here it is:To be eligible, second home Mortgages must:■ Be secured by a 1-unit property owned by an individual who is also the Borrower,occupied by the Borrower for some portion of the year and the property must be: In such a location as to function reasonably as a second home Suitable for year-round occupancy Available for the Borrower’s exclusive use and enjoymentThe property must not be:■ Subject to any timesharing or other shared ownership arrangement■ An ineligible property (e.g., a unit in a Condominium Hotel)■ Subject to any rental pools or agreements that require the Borrower to rent the property, give a management company control over the occupancy of the property, or involve revenue sharing between any owners and the developer or another partyHope this helps!
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30 January 2019 | 11 replies
You can explain what the entity will look like, how it will function and what kind of protections will be available to anyone wanting to work with you - it is a valuable piece of due-diligence.
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25 January 2019 | 9 replies
We currently use that now as a property management company and it is a lot more robust.
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28 January 2019 | 12 replies
This website is fairly up to date in the offerings comparison.PricingPricelabs is the bestWheelhouse is okayMulti-Platform ProductsJust pick the ones with the best features, pricing, functionality and messaging capabilities for you.
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31 January 2019 | 13 replies
@Lance Hummel welcome to Bigger Pockets,I see there has been numerous discussions on this topic, if you don't get a reply try the search function.
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12 July 2019 | 5 replies
It's a function of networking with brokers and scouring the MLS, LoopNet, etc.
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25 January 2019 | 3 replies
This is simply built around protecting assets, not a strategy, but should offer some light on the legal side of the function of LLCs.
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1 February 2019 | 3 replies
Our goal is to restore functionality to doors and trim, “level” is a very relative term and should never be the goal and sometimes is unattainable (i.e. built out of level, remodeled after home settled)
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21 November 2018 | 6 replies
this is the same case with a trailer home, all there connections are set and have complied in the past when they were built, changing ownership is not a change in pre existing non conforming spots. if a trailer is removed and a new one put in, that new trailer would have to conform to the new zoning requirements. the function of the trailer park has not changed to another use, therefore i believe the new owner could have fought that and is not something that usually needs to be looked at before purchasing a property. and as you also said, in your county maybe they want you to do that, but can they legally?