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25 April 2019 | 3 replies
@John Paul Whaley Yes, investment property loans carry a higher interest rate than a primary residence.No you can't claim it's a primary, live there for a couple months, and then rent it out.
26 April 2019 | 7 replies
Then it has an owner statement that the rights given to the owner by the agreement are cumulative in addition to VA laws current or future any statement or promise won't be binding unless if it is in writing.one other part is default stating any violation will give the right to evict the tenant and take possession of the residence(same process as VA law)they stated they will take legal action, did claim rights on this agreement are cumulative to the law however VA 225-55.01 does state you can opt out however and you have to expressively opt out of VRLTAIm not starting off the lease by stating to take legal action if rent is not paid and stating the rights of this agreement are cumulative in addition to the law. it is contradicting by saying any breach or violation of the contract in the default section will give her the right to terminate the contract evict and regain possession(does not specify any time frame) To me this is not clearly expressively opting out of VRLTA because she still has those rights under that act by following the VRLTA process.
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2 May 2019 | 9 replies
If so, call the title company and make a claim on your title insurance.
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13 July 2019 | 6 replies
Landlords that have no regard for other landlords use cash for keys to save money.Evict and file to collect in small claims court if necessary.
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26 April 2019 | 1 reply
A lis pendens is constructive notice that a lawsuit has been filed concerning the title to the property or a claimed ownership interest in it.
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13 May 2019 | 16 replies
Jason basically there are about 3 different types of syndicate deals.Stabilized properties with no upside but regular rental increases.Properties with some income but some upside to fill up.Properties that have a larger value add component with typically more equity growth but not much cash flow the first few years as a pref to investors.There are some investors that want the money TODAY so more of the stabilized properties.
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27 April 2019 | 11 replies
If there is a small section of the driveway that is regularly a problem, have some gravel dumped on it to build it up (I'm assuming the driveway is not paved).Hindsight is great, but if they knew there was a risk of flooding and a part of the driveway that floods, he could have parked his car on a high spot on the other side of the area that floods.
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29 April 2019 | 40 replies
I keep one and regularly update it so it is ready to go.
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26 April 2019 | 1 reply
Both of our names will be in the title so I'm wondering who will claim the rental income/expense or if we sell it later on who will report the sale in the tax return?
5 June 2019 | 7 replies
It claims to be turnkey and is 100% rented right now, at a 10.7% CAP rate and is relatively cheap.