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11 October 2024 | 17 replies
Do your due diligence by analyzing deals carefully, getting inspections, and considering Houston-specific considerations like property taxes and landlord-friendly laws.
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11 October 2024 | 9 replies
When this Policy applies, guests can cancel their reservation and receive a refund, travel credit, and/or other consideration regardless of the reservation’s cancellation policy, and Hosts can cancel without fees or other adverse consequences, although their listing’s calendar will be blocked for the dates of the canceled reservation...What Events Are Covered...Government travel restrictions.
9 October 2024 | 1 reply
Over-inflating the purchase price to account for closing costs could be seen as fraud or could trigger issues with the loan approval, especially if the appraised value doesn’t match the inflated price.
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11 October 2024 | 8 replies
You may decide to deny them based on this but I'd also take into consideration their rental history and credit rating as well.
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10 October 2024 | 9 replies
Caveat: Rule of thumb is to not do more than 1-2 of these short-term transactions, otherwise, you could trigger UBIT.
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11 October 2024 | 14 replies
Key considerations include involvement, cash flow vs. appreciation, and financing options.
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9 October 2024 | 2 replies
Once ownership is transferred the clause is “triggered”.
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9 October 2024 | 39 replies
I'm curious if any of you pulled the trigger and if so whether you have any observations you might share?
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8 October 2024 | 10 replies
Transferring a property with an existing mortgage to your LLC can sometimes trigger a “due-on-sale” clause, which could require you to pay off the loan immediately.If you’re thinking about expanding your rental portfolio, switching to an LLC could give you more flexibility and protection as you grow.
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7 October 2024 | 3 replies
Assuming inspection doesn't turn up anything unexpected.I told my agent I thought $280,000 is a no-brainer and $300,000 I probably can't pull the trigger.