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3 October 2019 | 6 replies
@George BlowerYou have a 401(k) solo & your wife personally holds a mortgage note on an 'arms length' unrelated investors rental property.
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2 October 2019 | 1 reply
https://ocasio-cortez.house.go...Applies to landlords with 5+ units or 2 RV parks- Proposals for national maximum 3% annual increase rent control- Makes it illegal to discriminate based on source of income (section 8)- Don't allow evictions to start until 2 months unpaid rent, substantial damage to the property or violated an explicit lease term- Cannot have a lease provision that blocks a civil action against landlords- Additional provisions for "big landlords" who own more than 100 units in an area, 1000 units nationwide or units in 3 or more states- There is some additional language in Section 7 about FHA mortgages, Proposal to tax house flipping at 25% (This could also affect someone from selling rentals at a profit within 5 years in a rising market)https://berniesanders.com/issu...- Place a 25 percent House Flipping tax on speculators who sell a non-owner-occupied property, if sold for more than it was purchased within 5 years of purchase.- Impose a 2 percent Empty Homes tax on the property value of vacant, owned homes to bring more units into the market and curb the use of housing as speculative investment.
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8 October 2019 | 15 replies
Women with what they call "sleeves" (tattoos all over one arm) and wearing there pajamas in public.
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3 October 2019 | 1 reply
Make sure it explicitly explains the process for termination if you are unhappy with their services, but especially if they violate the terms of your agreement.3.
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3 October 2019 | 0 replies
Shaun with Viking Appraisals outta Kelowna BCPillar To Post inspectionsBWP construction in Salmon Arm (SA)Boss Landscaping SASpark Electric SAAxon Plumbing and Heating SAApplewood HVAC VernonPretab- Remax Vernon (young and Hungry)
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3 October 2019 | 0 replies
Foreclosure process has not yet begunSo what I am working through are the following options (please chime in with additional ones if you have them :) )- Whole sale it to an investor (we do a lot of business with) who we will then have us list the property once he repairs and we will receive a reduced commission on the sale of property on top of the healthy spread on acquisition(no money in but will be a smaller slice of the pie of course)- Take over 1st mortgage, pay off second lien position 25k (ARM), buy owner out and help them move out and find a rental (would try to keep them there just cannot pay more than 2k per month so cash flow 147/m).
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5 October 2019 | 6 replies
You could get another company which owns both arms that would more easily allow the transfer of money between the two but rule number one is do not use personal credit cards for either business.
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6 October 2019 | 3 replies
Say you have a 5/1 arm and the 5 years is up, I know it adjusts but what if there is a balloon?
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9 October 2019 | 8 replies
Insert a third party to ensure that it is an arms length transaction.
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27 June 2022 | 9 replies
@Elliot Cole - FYI - The Fannie servicing guide, for about a year now, explicitly excludes a transfer into an LLC you own from the due on sale clause.