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9 February 2024 | 13 replies
The "effective" way to start (not necessarily the best "legal" approach) is to have the LLC file a mechanics lien against the property before it gets sold or is further levered.
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1 December 2020 | 90 replies
It'd expect it's against a law on occupancy capacity to have more than one person renting a space that small, but I never cross referenced to find out.Here's the lead law (emphasis added by me):460.100: Duty of Owner(s) of Residential Premises (B) Whenever any residential premises containing dangerous levels of lead in paint, plaster or other accessible structural material undergoes a change of ownership and as a result a child younger than six years old will become or will continue to be a resident therein, the new owner shall have 90 days after becoming the owner to obtain a Letter of Full Compliance or a Letter of Interim Control, except that if a child younger than six years old who is lead poisoned resides therein, the owner shall not be eligible for interim control, unless the Director grants a waiver pursuant to 105 CMR 460.100(A)(3).
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12 October 2020 | 3 replies
Zillow is by far the best mechanism in my area to find tenants.
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8 December 2021 | 123 replies
I would urge people when running numbers to put emphasis on incorporating the cleaning fee and in their numbers making sure it is accurate for your area and property size.
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27 June 2011 | 23 replies
I prefer working class, employed types, if they show up at a ob all day, they are less likely to want to dick with me.I'll make sure the roof doesn't leak, the mechanicals work and the place meets code, but bare white walls,thick urethane floor varnish, and that's about it.
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7 August 2012 | 30 replies
., the new owner has work done and a contractor places a mechanic's lien on the property, the new owner grants a utility easement, etc....)B) Quitclaim Deed - The grantor gives up any and all rights the grantor has to the property and transfers those rights, WHATEVER THOSE RIGHTS ARE, to the new owner.
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14 August 2015 | 9 replies
However, any electrical, plumbing or mechanical equipment installed in these structures do require separate permits.
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26 February 2018 | 202 replies
By the way, you can learn a lot from fiction too.It's good to change the way you look at money, but for actual mechanics of RE investing - what author do you recommend?
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19 September 2014 | 57 replies
When it comes to the mechanics of how things happen at the title company, I am definitely a newbie.
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26 January 2016 | 10 replies
If your fixing up a property, basically means you can accelerate the deprecation on the special mechanical you purchased and placed into service, basically 5 years double declining balance (DB) for special mechanical, stuff like plumbing fixtures, carpet, light fixtures ect. 15 years DB site improvements, driveway landscape ect.