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24 May 2024 | 5 replies
I have never had an issue with theft, which hopefully doesn't change now that I said that.
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23 May 2024 | 1 reply
I am undecided if I should repair it and rent it out or should I repair and sell it ( fix and flip) sort of.
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23 May 2024 | 0 replies
Hello,I am volunteering with an advocacy group looking to update the policies in the Huntsville area to allow ADUs. If you have interest in building/investing in ADUs in the Huntsville area, please send me a DM so we ...
23 May 2024 | 2 replies
Hello,I was recently told that if I or my partner personally complete work on one of our flips that we own under and LLC that it voids the liability coverage within the LLC and we as individuals would open ourselves up to Liability.
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25 May 2024 | 1 reply
It shouldn't be an issue to put title on both properties, unless you want to maximize liability protection and create another LLC
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25 May 2024 | 3 replies
If i purchase this HOA/COA lien i am wondering what are my options when it comes to the mortgage. i know there are 4 options for sure1) Notify the lender of the situation and payoff the mortgage2) Don't do anything, rent it out and let it get foreclosed on3) Flip the property quickly as possible before it gets foreclosed on (the mortgage will get paid off)4) Sell the property as is at a slight discount to recent comps (the mortgage will get paid off)This is the one I'm not so sure about5) Notify the lender of the situation and let me continue making the payments on the mortgage for a long term rental playmy question is, is #5 doable?
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26 May 2024 | 3 replies
The inspection is an opportunity to (a) document the condition of the rental so I can track tenant damages from that day forward, (b) look into any maintenance issues the tenants may be concerned with, and (c) notify them that a new lease is coming and what that entails.As for rent increases, I don't ever recommend keeping tenants more than 10% below market.
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25 May 2024 | 5 replies
Does anyone know of legal authority for this issue?
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25 May 2024 | 3 replies
Reverse exchanges may be possible for experienced well capitalized investors but for most, I would say it’s not really a practical option.Mike’s suggestions of being prepared and proactive is a good one.I encourage 1031 investors to start looking ASAP - get to know the market - identify potential buys - and start making offers - before one has sold their existing property.The issue becomes will a seller especially in a strong market accept your offer “contingent upon the sale of your property”?