Alex Smith
Short term vacation rental out of state management? SW Florida
30 May 2020 | 2 replies
How do you prevent the calendars on these websites from overlapping bookings?
Corey Husted
Can Force Majeure be employed to nullify a purchase agreement?
29 May 2020 | 2 replies
I should add that we had direct Covid-19 impacts with lenders that prevented my daughter from being able to get financing... she did not have a financing contingency in the very one-sided purchase agreement she signed.
Ryan Dodson
Will a forbearance on my mortgage keep me from buying a rental?
29 May 2020 | 5 replies
The forbearance will ruin your credit for 2 to 3 years and will prevent you from getting any kind of decent loan.
Vilena G.
Should I move into the my current flip?
2 June 2020 | 19 replies
That's my take, unless there is something specific in Texas that prevents it.Oh, and I agreed with the other post's comment.
Beau Thompson
Renting out your home
7 January 2021 | 11 replies
This prevents any scary letters or threats from the bank.
Jonathan Paz
1031 Exchange Question - Using Seller Credit on Replacement Prop
1 June 2020 | 8 replies
All that was unnecessary and accomplished nothing.Just like the sale price on your condo was $144k but your Net was $133k.....what matters on the replacement property will be your Net cash out of pocket (since you are paying all cash).
Kevin T.
NC Executive Order 142 Eviction Moratorium
1 June 2020 | 3 replies
The Order’s evictions moratorium:Is effective immediately and lasts for 3 weeks;Would prevent landlords from initiating summary ejections or other eviction proceedings against a tenant for nonpayment or late payment of rent;Prevents landlords from assessing late fees or other penalties for late or nonpayment;Prevents the accumulation of additional interest, fees, or other penalties for existing late fees while this Order is in effect;Requires landlords to give tenants a minimum of six months to pay outstanding rent;Requires leases to be modified to disallow evicting tenants for reasons of late or nonpayments; andMakes clear that evictions for reasons related to health and safety can take place.The Order’s utility shutoff moratorium:Continues effective immediately and lasts 60 days;Prohibits utility disconnections for all customers;Prohibits billing or collection of late fees, penalties, and other charges for failure to pay; andExtends repayment plans at least six months, and sets the default term for repayment to six months for cases when the utility and customer cannot agree on the terms of an extended repayment plan.
Tracey Lane
Transitioning a 1031 to Primary Residence
17 August 2021 | 6 replies
So 40% tax free and 60 taxed plus depreciation recapture.The 5 year total ownership test is how the IRS accounts for the previous property in the 1031 and attempts to prevent the abuse of carrying forward large gains for only a short time before converting to tax free.
Brian Phillips
Choices for me but not for thee
22 June 2021 | 6 replies
Maybe in the future the way this country is going but not this year.Abbott has already done the opposite and in 2015 signed a bill preventing liberal cities like Austin from having local ordinances that force landlords to take vouchers.
Gernot Bucheli
Does one need a business license in another state
23 March 2021 | 11 replies
If you owned the business that is inside of your property, that would be a different story, but to have a license just to own property seems unnecessary to me.