The fact that title insurance includes defense expense is a great lesson in why chosing NOT to purchase owners coverage is stupid.Of course if the court doesn't award the easement, the title insurer would likely pay out on the title claim based upon the lack of access.

If we 1031 Exchange and end up staying in the home a paying off the mortgage are the deferred taxes due the day you pay off the property or is there a window of time in which they will be have to paid?

It is effective Aug. 1, 2024.This ordinance is referred to as the Source of Income Discrimination Ban Ordinance" - which is identified in File #231019 and amends sections of Chapter 38 (Civil Rights) and Chapter 34 (Health and Sanitation) in the Missouri Revised Statutes for the purpose of classifying source of income as a protected trait in regard to housing discrimination.Here are some key takeaways from the attached ordinance:This ordinance bans discrimination against tenants based solely on:Source of income from an occupation, including gig work or paying rent in cash Use of public programs like Section 8 Housing Choice Vouchers, disability checks, or social security Poor credit score Prior evictions and alleged damages older than 12 months (less than 12 months can be a basis for denial) Prior convictions or arrests (sexual and violent crimes are excepted, a landlord can still deny based on these convictions)The ordinance also requires the city to proactively scan for rental ads using discriminatory language like "no Section 8" or "no past evictions".Landlords who are found to be in violation of the ordinance with respect to source of income can be fined up to $1,000 per incident.

@Tonia EdgestonIf it’s non owner occupied you could get a hard money loan to pay back taxes and repairs but these are short term (typically 6-12 months) then you would need to refinance the propertyYou mention this is also in probate - depending also on other debts etc it all may be for not and you may need to sell to pay off other creditors.

I think I just need to find someone that will loan me what my house is worth and charge me some super high interest rate that I don't mind paying and give me a 3-6month window to buy a new place and sell this one (which have been selling in my area within a week) and payback the loan/interest.

If you plan to pay down quickly, splitting into two loans makes more sense because you can attack the more expensive loan with the extra principal payments and rapidly change the weightings, reducing the blended rate with each payment (fyi - most investment property 2nd liens will have prepay penalties).

I am a co My nephew and I were on the deed from 2019-2022, then he transferred to me as sole owner as a “gift” since he doesn’t want to pay mortgage anymore.

I am not looking to take equity out against my house, and my other 2 rental properties are already going through a cash out refinance to pay for renovations of a fixer upper that I am buying.

Costs can vary widely, but you might expect to pay anywhere from $10,000 to $25,000 for a comprehensive PPM (Private Placement Memorandum), Operating Agreement, and Subscription Agreement.

My idea is to buy a house and rent it out, so it can pay for itself while I live in a family-owned house.Would you recommend buying a house in Orlando right now?