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1 May 2024 | 7 replies
Fair Housing law requires you accept the child, whether naturally born or adopted.
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1 May 2024 | 9 replies
The rural one required 35% down.
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1 May 2024 | 2 replies
Given you aren't clearly a prorata split of everything (IE both names on title, mortgage, etc), Partnership treatment would be much more supportable than as a TIC.If you have an agreement in your JV that you are sharing the expenses and revenue of the venture, the JV certainly gets to claim those valid expenses, including the mortgage interest.If the property was never in service and was being renovated, that interest may not have been deductible anyways and it is possible it could have been required to capitalize it into the renovation, in which case you'll recapture it by your share of depreciation.
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1 May 2024 | 2 replies
As my wife and I are both over 45, we require a distinct approach to ensure we can retire within the next 10-15 years without having to work, particularly in physically demanding jobs, until our final days.
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1 May 2024 | 4 replies
You would have ongoing filing requirements with the State and would need to keep business records and documentation.
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29 April 2024 | 4 replies
Tenant reached out, sharing that her landscaper pointed out that the concrete slab/foundation where the well water system and AC units sit are "deteriorating."
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2 May 2024 | 15 replies
Even 'builder templates' or stock plans will require their own trip through the City for permitting.
1 May 2024 | 7 replies
Recording it will require you to pay off the loan in entirety in most cases unless the new bank is willing to allow the remainder of your private note to subordinate in 2nd position which most national banks do not allow.
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30 April 2024 | 25 replies
Of course.The thing with having a real estate portfolio that sustains you long term requires knowing the risks, structuring things for more surety, and knowing how much work will continue to be involved.Personally, I think out of state investing is very risky, so I like to invest close to home.
1 May 2024 | 5 replies
You can get a judgement against him, but to to get a lien on his property would require much more than a judgment.