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11 March 2024 | 12 replies
Some things didn't change, such as the requirement that the property be on unplatted land, so that definitely restricts the number of eligible properties.
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12 March 2024 | 19 replies
I am also going to required annual increases in rent based on the CPI index, among a few other things.Does anyone have experience with this?
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12 March 2024 | 24 replies
but, we do have a work around for this in the states we lend.For non conventional products it is up to the individual program requirements.
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11 March 2024 | 8 replies
Typically, you just require that the property be vacant for closing.
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11 March 2024 | 1 reply
Also, was agent required for it?
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11 March 2024 | 3 replies
No idea on the notice period required, depends on your lease and your particular state laws.
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11 March 2024 | 6 replies
The larger property will be required to be held in an LLC.
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12 March 2024 | 36 replies
The most important thing to do is either you or your wife need to qualify as a real estate professional (IRS definition, no realtor license required).
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12 March 2024 | 17 replies
You can file annual reports as required in each state yourself and pay the fees.
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12 March 2024 | 7 replies
It will require 15-20% down though as others have said.