Leon G.
Considering Irrevocable trust or LLC
26 February 2021 | 6 replies
This is not legal advice, just friendly information.As a general rule, LLCs are great for managing and protecting property; trusts are great at transferring property.
Abeer Bagul
How can an Indian citizen buy real estae in US?
21 February 2019 | 19 replies
Get a tourist visa, fly to the USA, pick something out, and wire the money to pay for it.You get a tax number from the bank that will receive the money.Interview property managers while you are there.An escrow company handles the transfer on the west coast.On the east coast, you will probably use a real estate lawyer.Money goes to the escrow company, not directly to the seller.Be sure to purchase title insurance.
Vikram C.
Document management solutions
14 November 2010 | 15 replies
I like Realtyman's idea with the exception that I would get a portable HD and create a special folder for it,scan,turn the file into a pdf or word doc file then transfer it to the portable HD.
Account Closed
Short Sale Investing in States with Anti-Short Sale Laws
21 April 2011 | 20 replies
This is the important section of the law that I think you need to go to a title company with:"(3) “Equity conveyance†means a transaction that involves:(a) The transfer of an interest in a residence in foreclosure by an equity seller to an equity purchaser, or to another person acting in association with the equity purchaser, that allows the equity purchaser or other person to obtain legal or equitable title to all or part of the residential real property; and(b) A subsequent conveyance, or agreement for a subsequent conveyance, of an interest in the residential real property from the equity purchaser or other person to the equity seller to allow the equity seller to possess the property during, or after termination of, the foreclosureprocess."
Jennifer Jackson
Tenant Resisting Autopay
5 August 2018 | 26 replies
For example, in my state (California), the law actually says the landlord must allow at least one other form of payment other than "electronic funds transfer" (online payment).
Brie Schmidt
Too many loans? HELP
30 July 2018 | 7 replies
In order to do a 1031 you will need to buy the property in the same TAX ID and name as the sold property so if it’s in your social you’ll have to buy in your social or you can transfer them via quit claim into your LLC then hold for a year or so to season them and sell from a LLC and buy your upleg replacement property within the LLc as well.Was this question a 1031 issue or lending issue ?
Zack Welch
How much money should I set aside for maintenance?
16 August 2020 | 5 replies
We transfer our repair and maintenance allowance from our operating account every month into a separate account..
Mike Favors
Removing linoleum flooring?
3 November 2016 | 21 replies
It comes in a whole variety of finishes.Roll out some Underlayment to avoid any pattern transfer from the existing floor and help with any floor creak and your set.There's no point in pulling up the old tile unless you like to work hard and you want the potential of asbestos exposure.
Richard Campbell Jr
Buying a property with tenants already in it.
22 May 2016 | 7 replies
How will the transfer of rent work since I will own the home in the middle of a tenant's pay period?
Mary lou L.
Prospective tenant keeps asking to split the deposit
6 June 2016 | 12 replies
I am going to let him know that we are still accepting applications and that when we decide we will let him knowSo far he is the most promising prospect, he is a school employee that is transferring to town.