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10 January 2025 | 8 replies
Even if one tenant is responsible for rent payments, the others will live there and impact your liability as a landlord.Accountability:Requiring all adults to apply and sign the lease holds everyone legally responsible for the terms.
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8 January 2025 | 1 reply
Some title companies don't like the liability.
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12 January 2025 | 12 replies
You may also need to provide additional documentation, such as proof of income and employment, and may need to have a co-signer who is a U.S. citizen or permanent resident.In terms of buying with an LLC, it can be a good option for some foreign buyers, as it can provide additional liability protection and potentially offer tax benefits.
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9 January 2025 | 6 replies
Credit cards have the same limitation on the amount you can borrow and will likely end up costing more than private lenders.
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14 January 2025 | 5 replies
The transfer may trigger gift tax reporting if the value of your share exceeds the annual gift tax exclusion limit ($17,000 per recipient in 2023).
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15 January 2025 | 13 replies
As to asking the IRS reps, let me limit my comment to just three letters: LOL
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6 January 2025 | 25 replies
Once you find a pitbull friendly policy you will find it excludes animal liability, thereby defeating the purpose of pitbull friendly insurance.
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10 January 2025 | 21 replies
@Brian Rocha -Something to note is lenders will oftentimes slightly limit leverage on the purchase of a hard money loan or a "fix and flip" loan if you are doing borrower funded rehab.
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8 January 2025 | 7 replies
The city wants to tear the property and surrounding properties down Zillow said it’s worth 38000The city offer me 13000.I could use some adviceHard to give advice with limited information, but as a general rule, the longer you wait and the further down the line their project is the more valuable your property will be to them.Zillow (and all automatic online) estimates are very unreliable, so don't base on that.
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13 January 2025 | 4 replies
I've only had one listing transaction from my BP leads.Most are complete noobs or have limited REI experience with a rental or two.