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6 December 2024 | 45 replies
For illustration purposes, the investor with engineering and/or construction background may excel building in a market where there is ease in doing business and can build efficiently whereas the doctor may have greater success in the established market where significant barriers already exist but can afford the entry price and can ride the waive of continued appreciation and offset their high salary by depreciating the expensive building they acquired.
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6 December 2024 | 51 replies
Nine states are COMMUNITY PROPERTY STATES, where all property accumulated during the marriage, OR the INCREASE in value of existing separate property (property accumulated prior to the marriage), is considered community property which can only be divided 50/50, UNLESS the division is made to offset some other imbalance .
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30 November 2024 | 2 replies
Two days ago it was an investor who created an additional LLC independent of the deed holder entity believing tenants could only sue the LLC where a contractual relationship existed.
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2 December 2024 | 33 replies
Fed's can talk all they want about "creating" however millions of homes, it changes nothing unless Harry Potter comes into office and shezams them into existence.
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3 December 2024 | 3 replies
It is cheaper with better financing to purchase a property with an existing ADU than add one.
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29 November 2024 | 6 replies
For your existing rental property, the net rental income from your Schedule E on your most recent return will be used in your DTI.
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25 November 2024 | 11 replies
My boyfriend is a 100% disabled veteran who receives $6,500 per mo in benefits. We live in Alabama and he pays no property tax on his home here as a disabled vet. He owns his home here outright (value $350k). He ha...
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10 December 2024 | 39 replies
Hopefully existing as obviously new builds would be worth more.)
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30 November 2024 | 11 replies
Am I, as the owner, responsible for pests that may or may not exist outside of the house and are brought into the house by the Tenant's dogs?
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28 November 2024 | 1 reply
If you are looking for loans on real estate or a business lenders don’t necessarily care about the credit history of the LLC - they care about the performance of the asset and your creditworthiness since you will most likely have to sign personally.I have established multiple LLCs just days before closing on large loans for different assets, those particular entities barely existed and the banks did not care.If you are talking about pulling a business line of credit (like a HELOC, but against your business equity) then the banks like to see some history of revenue.