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15 March 2024 | 43 replies
A PUBLIC space is a place that can be legally accessed by non residents, hence the general public.
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15 March 2024 | 3 replies
Seller no longer physically resides at the address.
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15 March 2024 | 7 replies
I've encountered several situations where tenants not only broke their lease but also caused damages, sometimes even leaving before the lease ended with damages behind.To clarify, when I mention damages, I'm not talking about normal wear and tear but rather significant repairs costing between $5,000 to $8,000, which don't qualify as vandalism for insurance purposes.In the past, property managers I've spoken to have often discouraged pursuing tenants for these damages, citing it as not worth the effort.Here are my questions for you:- Would you pursue the tenant?
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15 March 2024 | 8 replies
Hey Jesse, with 1-4 units, it is the industry standard to value the property based off the sales comp approach, however, you can qualify the property with booking history or AirDNA with a DSCR lender that specializes in short term rentals.
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15 March 2024 | 8 replies
A residence in which all residents are at least six years of age.E.
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15 March 2024 | 5 replies
Will you qualify for a new mortgage if you keep this one and rent it out?
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15 March 2024 | 4 replies
My wife and I previously owned real estate in our joint names in both Florida (where we currently reside) and in Virginia (where we previously reside)Following ur research and some legal advice, we established two trusts (one in each of our names) and also two LLCs one for all the properties in Virginia and the other for all the properties in Florida.We have deeded all the properties in Florida into the Florida LLC, but we have not done so yet for the Virginia LLC.
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15 March 2024 | 2 replies
@Ellie Narie your best bet is to talk to a Qualified Intermediary, they act as escrow for a 1031 exchange.
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15 March 2024 | 5 replies
Hey @Christina Galdieri, I would look deeper into section 1202 QSBS - Qualified small business stock.
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15 March 2024 | 8 replies
@Deonte HillWill this be your primary residence?