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7 September 2018 | 10 replies
But having visible security cameras outside your rental property watching the doors and being monitored by the owner for security purposes is legal as legal can be where I am.I can also most definitely tell you it's legal according to Michigan law.
29 December 2018 | 20 replies
This is a very well to do area, you must have connections in finance realm that might be able to get creative with the numbers, or personal connections that would be willing to ease the burden for you over the short term and get a cut of your profits on future flips where you stay within your profitable sweet spot.Your other set of possibilities are legal, and that is really something you need a good PA real estate attorney to pour over your loan docs to see what your options are. https://www.foxrothschild.com/gregory-j-kleiber/
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7 September 2018 | 6 replies
Would your purchase price cover all principal, arrears and legal fees or was it a short sale?
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12 November 2018 | 2 replies
I have a couple friends who invest in real estate who highly recommend a West Van company that integrates the legal and accounting stuff to make it simple.
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11 September 2018 | 18 replies
From a tax perspective ( not legal), the S-corp for flipping activities is not as wasteful as the LLC for rental.
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11 September 2018 | 12 replies
Not sure if this is a legal question for an attorney or a "common sense" question to do what I think is best.
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9 September 2018 | 4 replies
For example entrance of the property is located on the area owned by another person.To solve the problem legally is costly.
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22 September 2018 | 14 replies
Since this is a true side business for me and I don't want to leave my legal practice anytime soon, I'm going to focus on local properties.
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5 November 2019 | 8 replies
Evidently that is not legal.
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9 September 2018 | 5 replies
HOA fee - If HOA fees are not paid, business will incur fines, so it is necessary to make the profit in the business.8) Marketing expense and advertising9) Cleaning and maintenance10)Commission (Expenses like commission, abstract fees, recording fees to obtain your mortgage are not deductible but rather capitalized )11) Insurance12)Legal and other professional fees(Tax preparation for business, not personal part)13)Management fee if applicable14) Points- you generally cannot deduct the full amount the first year but have to deduct them over the term of the loan.15) Repairs (Note always do repairs rather than improvements to rental because repairs are deductible right away and do not have to depreciate over few years as done for improvements.