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17 January 2017 | 2 replies
But as I spent each amount to purchase flip items, it also is automatically coming out of the bank account.
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19 January 2017 | 8 replies
In addition, I don't know that an LLC automatically protects you just by holding the property.
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19 January 2017 | 9 replies
In fact the system is a partner with AirBnB to allow for it to be automatically set up if it is booked through there.
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27 June 2022 | 3 replies
This Agreement will terminate automatically on June 22, 2022.
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9 July 2022 | 10 replies
It is one way of also maximizing profits, and minimizing the losses that automatically are happening as the equity increases past the point where it is greater than twice the down payment.
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4 July 2022 | 32 replies
It sounds like the temp is being reset automatically at a certain time(s)Also, I would not like to be texted about this kind of problem at 3am...it's not a 3am kind of problem which I define as a 9-1-1 emergency like FIRE or FLOODING)
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3 July 2022 | 6 replies
There is no “new” lease for the month to month..the current lease automatically becomes month to month.
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12 July 2022 | 6 replies
In reality they ought to just let you run in your own name and choose to be treated like a separate LLC for each property automatically without filing the LLC.Meaning change the law so it protects the owner the same as an LLC, without the RED TAPE burden.Red Tape such as, Single Member LLC annual meetings with "paper meetings", emulating on paper a Board meeting for a larger concern.And yes the law says you don't have to do this, but then some attorneys recommend doing this anyway.Then there is the $300 fee, just to have the courts use a particular set of laws (and cases) if someone sues your LLC, plus the attorney fess to get personally released from the law suite that sometimes get filed.Red Tape, Money (Profits) down the drain.In this business, (and maybe others) I think the LLC laws should apply to doing business in just your own name.Save the LLC's for partnership deals, vs sham (and we all know what that means) 2 member partnerships, and Single Member LLC's.Texas already has some reasonably strong personal asset protection laws ie.
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7 July 2022 | 11 replies
As far as the balloon payment, I have seen the requirement to sell or refinance at that 5 year mark as well as it automatically going to an adjustable rate years 6-10.
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7 July 2022 | 5 replies
And most are stating that the rents could be raised to increase cash flow.So my question is, being that they are all in a portfolio, would raising the rents automatically increase the overall value of the portfolio since the properties within are residential?