25 March 2024 | 3 replies
How much are the average closing costs (including agent service fee, closing fee, premium etc.)?
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26 March 2024 | 15 replies
Along with capital gains based on final net sales proceeds minus reduced basis.
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27 March 2024 | 11 replies
I am currently focused on tax strategies for our LLC (partnership with spouse).Can we sign a lease agreement with our LLC to provide/pay rent for use of our personal home/property, to include a portion of utilities, HOA, and insurance?
27 March 2024 | 13 replies
Our shorte(er) list includes Phoenix, LAs Vegas, Nashville, Atlanta, and Texas (Austin,Houston, San Antonio).
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26 March 2024 | 7 replies
@John Underwood Would you just reduce the HUD rent amount by utilities to determine listed rent rate?
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28 March 2024 | 10 replies
To reiterate above, the variable rate is not the issue, it's the attempt at new terms with punishment attached if not accepted.FWIW, if I recall correctly from 5 years ago, my loan officer casually mentioned that the loan will be "in-house" which I understood him to mean is not a federally backed loan and they are lending directly, but I didn't ask for clarification.Maybe my loan address was included by mistake for this mailing because of that categorization, but still, gahh.
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28 March 2024 | 35 replies
I've tried the getting the title company to pull them, but end up with every vacant parcel including landscaping medians!
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26 March 2024 | 25 replies
You're talking needing plans, architect drawings, engineering study, a zillion permits and inspections.I just don't see a lender lending on this kind of deal without that person having major experience that includes some ground up or extensive rehab work.If you wanna "break in" to the financing world, it is not impossible at all.
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27 March 2024 | 3 replies
@Benjamin Greiner just commented on another post about a tenant threatening to sue over mold issues - that tenant neglect caused.We told the landlord their lease should have had provisions in it to hold the tenant accountable for the damages.Standard leases only cover the basics, so you should Google all the leases you can for ideas to take to an attorney to include.
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27 March 2024 | 10 replies
I have never done a land trustWe have a living revocable trust that we set upHonestly I should have done it 15 years ago but did it like 6 years ago.I do not see the need for a land trust unless you are a politician, actor or athlete (someone who is famous).I have done business with multiple billionaires (not bragging but trying to make my point) including several that owned professional sports teams - and even they did not use land trusts…