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6 March 2020 | 6 replies
There is a map as well as a zip code guide, they are very useful when looking at properties online.
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5 March 2020 | 8 replies
Having the seller carry a note for you compared to the bank can makes things go a lot faster since seller's don't have underwriters and strict guidelines.
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5 March 2020 | 3 replies
I have read that things are pretty grey there:The right type of beach home or vacation cottage can produce great tax results when the average rental period is seven days or less.But it’s tricky because when the average rental period is seven days or less, the property is not a rental property as defined by the tax code.
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7 March 2020 | 27 replies
@Emanuel Ohunwu texas property code related to security deposits.https://statutes.capitol.texas.gov/Docs/PR/htm/PR.92.htm#C
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21 March 2020 | 4 replies
I would greatly appreciate any feedback and references to the tax code on this.
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5 March 2020 | 4 replies
I'm not specific to certain zip codes and it seems one realtor was really trying to get me to commit to an area.
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5 March 2020 | 1 reply
Detail below: Qualified amounts paid as principal or interest on a qualified education loan (as defined in Code Sec. 221(d), of the designated beneficiary or a sibling of the designated beneficiary.11 A “sibling” means an individual who bears a relationship to the designated beneficiary that's described in Code Sec. 152(d)(2)(B) (i.e., a brother, sister, stepbrother, or stepsister) This rule allows a student loan distribution to be made from a QTP account to a sibling of the account's designated beneficiary without changing the designated beneficiary.
6 March 2020 | 1 reply
Any examples would be greatly appreciated and reviewed under strict confidence.Thanks!
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6 March 2020 | 10 replies
I am thinking out loud here but you really should make sure that you obtain a clean/clear Certificate of Occupancy before you close the deal.Even if your lender does not require a Certificate of Occupancy, the City is aware that it MAY NOT issue a Certificate of Occupancy without a garage built on the property.IF you close without this being resolved, the City may contact you as the Owner and (a) demand that you build a garage and (b) inform you that you have a code violation while you have tenants living in the building.IF the City decides that a garage must be built, you could obtain a "conditional" Certificate of Occupancy whereby you either promise to build a garage at a later date/deadline or you make the promise along with paying a bond or escrow to the City.Personally, I would make the Seller pay you for the cost of building a new garage as they are selling the property to you that is not up to code.
6 March 2020 | 1 reply
Search code violations etc.