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21 October 2020 | 5 replies
It is close to University sonwe benefit from parent visits as well as graduation and football games.
22 October 2020 | 7 replies
One problem I do know of that is becoming a cancer is people not wanting to go back to work due to them receiving unemployment; and with the schools shut down, kids are home all day and need a care taker, so most parents are choosing to not accept new work, which is illegal actually, and if reported they could lose their unemployment.
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20 October 2020 | 1 reply
I provided management, quality control, local contacts, and real estate experience.
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20 October 2020 | 0 replies
Nothing worst than not getting paid AND having your property damaged.Knowing what the moratorium prevents - and doesn't - allows us to act quickly and regain control of our businesses.
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20 October 2020 | 3 replies
Because this is a month to month lease, am I allowed to be firm and make them leave, or would this be considered an eviction, which I know are not allowed now because of covid.We are planning on renovating the unit and then raising it to market rent.I would also consider allowing tenants to stay if they would be willing to pay closer to market rate, but I don't believe I can legally request that CA rent control laws.
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4 November 2020 | 7 replies
The advantage is I have full control over the process and can and do work with those customers with abnormal circumstances.
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25 October 2020 | 8 replies
If you delead, and maintain the standard, you will be in the clear.Here's the law (emphasis added by me):460.100: Duty of Owner(s) of Residential Premises (B) Whenever any residential premises containing dangerous levels of lead in paint, plaster or other accessible structural material undergoes a change of ownership and as a result a child younger than six years old will become or will continue to be a resident therein, the new owner shall have 90 days after becoming the owner to obtain a Letter of Full Compliance or a Letter of Interim Control, except that if a child younger than six years old who is lead poisoned resides therein, the owner shall not be eligible for interim control, unless the Director grants a waiver pursuant to 105 CMR 460.100(A)(3).
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21 October 2020 | 6 replies
I rent a townhouse to three adult college students on three individual leases co-signed by their parents.
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21 October 2020 | 3 replies
Purchase price: $527,500 Cash invested: $115,500 Purchased a house hack with the help of my parents. 20% down conventional 30 year fixed at 2.99%.
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21 October 2020 | 8 replies
Yes, transferring title from an individual borrower to an LLC controlled by original borrower is exempt from Due on Sale- D1-4.1-02 of the Fannie Mae servicing guide, allowable exemptions-a limited liability company (LLC), provided thatthe mortgage loan was purchased or securitized by Fannie Mae on or after June 1, 2016, andthe LLC is controlled by the original borrower or the original borrower owns a majority interest in the LLC, and if the transfer results in a permitted change of occupancy type to an investment property, such change does not violate the security instrument (for example, the 12 month occupancy requirement for a principal residence).