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22 September 2021 | 13 replies
if repairs are not made or the COC is not obtained in short order you can lose the rent as well.Hiring a lawyer is a waste of money at this juncture and you should put all of your resources into fixing this home up, getting the COC and do things properly.
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20 September 2021 | 7 replies
That's a very interesting point about the price of the home making it harder to BRRRR properly; that's not something I would have considered, so I greatly appreciate the input!
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12 September 2021 | 1 reply
Then the most important thing to me is proper conveyance.
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12 September 2021 | 3 replies
Only legal way to do it w/o getting a license is to find someone with the proper license (agent or broker, be sure you know what the state requires) and they become the principle (generally) broker of your new PM company.
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4 October 2021 | 2 replies
@Eric MillerThe IRS does not care about the loan product that you have.The IRS just wants you to properly classify mortgage interest as a Personal Residence mortgage interest (Schedule A) vs Rental Property Mortgage interest(Schedule E).Best of luck!
16 September 2021 | 3 replies
Take ownership of your mistake and learn to do the proper due diligence recommended above😊
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13 September 2021 | 0 replies
We refurbished aspects of the home and properly marketed for rent What was the outcome?
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14 September 2021 | 2 replies
Take ownership of your mistake and learn to do the proper due diligence recommended above😊
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13 September 2021 | 2 replies
Does anyone here know how to properly structure their LLC to get the most amount of business credit?
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14 December 2021 | 2 replies
I had it under my Personal name and this property is also still in my name which I hope to put into an LLC as soon as I find the proper bank and possibly do it prior or after closing on the refi.