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21 October 2024 | 2 replies
Each state can be a little different so the details matter. https://www.omglawfirm.com/arkansas-probate-intestate-succes...Here is the pertinent excerpt:If you don’t have a Will, the default order of descent goes like this: (1) full blood and adopted children of the decedent, subject to any dower, curtesy, and homestead interest of a spouse; (2) if no full blood or adopted children, then everything to a spouse of greater than three years or half of everything plus dower, curtesy, and homestead to a spouse of less than three years and the other half of everything to other heirs (per this table); (3) to the decedent’s parents or surviving siblings; (4) to the decedent’s grandparents or surviving aunts, uncles, cousins, etc.; (5) to the decedent’s great-grandparents or surviving great aunts, great uncles, etc.; (6) if none of those intermediate descendents are alive the remaining half can go to the spouse of less than three years or to a predeceased spouse’s heirs; (7) finally, if none of these apply, all the property escheats to the county where the decedent died.
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21 October 2024 | 11 replies
You an use this if you are either looking to invest passively, or, if you are raising capital, refer back to it, and focus on these three pillars:The biggest mistake I see passive investors make is they focus on the deal, what's my return, when in reality, that is the last pillar they need to focus on.
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8 October 2024 | 1 reply
Will this help our economy?
8 October 2024 | 14 replies
He's still out there promoting...just not this as he's on to other things....hopefully not another scam.
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14 October 2024 | 13 replies
Most of the investment properties that we are looking at have minimal lease terms from the HOA of one month to six months.We are not opposed to buying this type of property.Questions:1.
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20 October 2024 | 8 replies
You can end this by showing them an actual utility bill.
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15 October 2024 | 1 reply
For the bankruptcy properties, we contacted the trustee phone numbers on the website, however, they usually just replied to ask us to look for debtor's attorney.For short-sales, we searched the listing on zillow.com, but majority of them are off market.We used BP recommended realtor and asked if they can help with the properties we targeted, the realtor searched for a week of the foreclosure ones and get back to me that she believes she will not be the right partner.
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13 October 2024 | 2 replies
I’m a fairly new investor, currently with only one STR/MTR duplex in Indiana, and I’m looking to develop new skills in order to improve my personal income to help expedite a second rental investment.I am a touring musician, and also have 5+ years of bookkeeping experience for one of my small businesses, and I run the books for my one duplex as well.
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14 October 2024 | 2 replies
Hi there,Considering a duplex as your primary home and renting out the other unit is a great idea, but you need to understand how interest rates work in this scenario.When you buy a duplex and plan to live in one unit, you can still qualify for a residential mortgage, which typically has better interest rates compared to commercial loans.