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20 October 2020 | 6 replies
There are number of different anti-deferral rules you would need to address if you plan to use a foreign organized C corporation (e.g., a GmbH) to acquire the rental property and then dispose of it after the 10 year period (for starters).
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26 October 2020 | 15 replies
Couple that with a lifetime residential warranty, it's a product that I highly recommend.
20 October 2020 | 3 replies
Then, apply for a commercial loan (legal entities are not eligible for a conforming residential loans).
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19 October 2020 | 1 reply
Hello all,I have a question regarding valuation of non-residential real estate.
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20 October 2020 | 9 replies
If I'm not mistaken, that's covered under RESPA (Real Estate Settlement Procedures Act), which has some big, sharp teeth.I'm not a lawyer, but my understanding is that requiring the use of any particular service as a result of a different transaction is a violation of the Sherman Anti Trust Act.
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23 October 2020 | 10 replies
I’ve posted on this relentlessly...For a couple of properties, insurance and umbrella policy should be enough.Don’t forget that LLC’s are not eligible for conforming residential loans should you decide to refi...You also need to operate the LLC as a separate entity to maintain/protect its corporate veil otherwise you’ve defeated the purpose.
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23 October 2020 | 4 replies
I come from a background in single family residential new construction.
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20 October 2020 | 3 replies
Purpose is for investment to develop the land in to AR-1 residential lots in couple of years.Let me know if you need any more details.Thanks
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21 October 2020 | 5 replies
Also, tenants haven’t been able to use some amenities, such as gyms, that have been closed or restricted during the pandemic.Last month, Cline’s company launched a $1 billion fund set to acquire and invest in about 4,000 to 5,000 new construction rental homes in addition to existing single-family residential portfolios across the United States.In recent weeks, other investors have been flocking to the property type.Haven Realty Capital, one of the first investors to target for-rent single-family homes after the Great Recession, is teaming with Chicago private equity firm Walton Street Capital on a $133.7 million deal for 537 properties in greater Atlanta.Single-family rental giant Invitation Homes and Rockpoint Group this month said they plan to buy up to $1 billion of rental homes.
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25 October 2020 | 8 replies
If you delead, and maintain the standard, you will be in the clear.Here's the 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).