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23 December 2018 | 11 replies
What is your limit with pets?
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29 December 2018 | 10 replies
The FHA says that examples of such problems include but are not limited to the following: Missing handrailsCracked or damaged exit doors that are otherwise operableCracked window glassDefective paint surfaces in homes constructed post-1978 (because of lead paint hazards)Minor plumbing leaks (such as dripping faucets)Defective floor finishes or coverings (worn through the finish, badly soiled carpeting)Evidence of previous (non-active) wood-destroying insect/organism damage where there is no evidence of unrepaired structural damageRotten or worn-out counter topsDamaged plaster, sheetrock or other wall and ceiling materials in homes constructed post-1978Poor workmanshipTrip hazards (cracked or partially heaving sidewalks, poorly installed carpeting)Crawl spaces with debris and trashLack of an all-weather driveway surface=================There are many areas, however, where the FHA does require problems to be remedied in order for the sale to close.Electrical and Heating The electrical box should not have any frayed or exposed wires.All habitable rooms must have a functioning heat source (except in a few select cities with mild winters).Roofs and Attics The roofing must keep moisture out.The roofing must be expected to last for at least two more years.The appraiser must inspect the attic for evidence of possible roof problems.The roof cannot have more than three layers of roofing.If the inspection reveals the need for roof repairs and the roof already has three or more layers of roofing, the FHA requires a new roof.Water HeatersThe water heater must meet local building codes and must convey with the property.Hazards and NuisancesA number of conditions fall under this category.
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1 January 2019 | 14 replies
Most of the time you a limited to the fixtures only unless it is a residence you live in.
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24 December 2018 | 70 replies
I think a few of my buy limits were triggered today.
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24 December 2018 | 19 replies
Mainly because their knowledge base is limited, which has a lot to do with not knowing what knowledge they need.
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22 December 2018 | 6 replies
See if in city limits or county first.
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23 December 2018 | 4 replies
I would reach out to someone who is an expert in that field and who can give you advice based on your specific situation.Before I started this REI venture in July, I had already owned my primary residence but my experience was limited.
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27 December 2018 | 26 replies
My time is limited right now because of my work schedule.
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27 December 2018 | 13 replies
@Rupert GrantGenerally if you're eligible for a Solo 401k, it makes sense compared to a self-directed IRA for many reasons: Compared to an IRA, Solo 401k contributions limits are roughly ten times higher.There is no custodial requirement for the 401k.You don't need the additional expense and administration of an LLC to have checkbook control.You can borrow up to $50k from the plan; IRAs do not allow participant loansThere is a built in-Roth component whereas IRAs are either traditional or Roth, not both.A spouse can also participate in the same Solo 401k plan.The Solo 401k has additional tax benefits over an IRA when investing into real estate using leverage.The penalties for prohibited transactions are less severe, though it's best not to utilize this benefit :)The one exception I can think of is if your primary goal is to self-directed Roth IRA funds.
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23 December 2018 | 12 replies
Most likely you will receive the most benefit from selling and deducting the loss but there may be limits to the immediate deductibility of the loss.