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16 December 2024 | 14 replies
Second, you’ll collect more money while doing less work Third you’ll stay legal with notices and operations.
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15 December 2024 | 15 replies
VRBO is completely uncooperative in this.I am contemplating just turning each of these over to an attorney, sue for the chargeback plus legal fees, and let it go.
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14 December 2024 | 6 replies
I suspect without money and active participation as LP, you cannot legally do what you suggest.Have you seen the underwriting?
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11 January 2025 | 420 replies
Your philosophy is let's compare this strategy to paying your mortgage off in another way or putting your extra money in stocks or saving up to buy rentals or buying a sports car or going to Disneyland or starting a secret family with your secretary, it'll be fun.
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14 December 2024 | 2 replies
If you need financial help, ask under the "Finance, Tax, and Legal" forum.
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13 December 2024 | 2 replies
Assumption by an EntityUnfortunately, assuming a VA loan directly through a legal entity (such as an LLC, corporation, or trust) is typically not allowed because:Primary Residence Requirement: VA loans are designed for owner-occupied properties, meaning the assuming borrower must intend to live in the property as their primary residence.Credit Review: The VA and lender require the assuming party to undergo a personal credit and income review to ensure repayment ability, which entities cannot satisfy.3.
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18 December 2024 | 13 replies
Take control of the situation yourself, and if you want her out, then give proper legal notice.
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19 December 2024 | 13 replies
And when you do a lease for MTR, you'll need to put that in the lease in case they stay through high season, spelling out exact prices for each calendar month, so there is no confusion and it is legally enforceable.
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19 December 2024 | 13 replies
You definitely want a legal agreement that's forecloseable, getting as much front money as possible so that you're not just in a lurch with nothing if/when they default, and you should get better interest terms for "being the bank" AND I would qualify the buyer just the same as if they had to go to a bank, because you want to know who your partner is in this deal.
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12 December 2024 | 6 replies
They can limit what property owners can do, including house hacking.Even if the city has no restrictions, if legally binding and properly recorded, covenants can enforce rules that supersede local ordinances for those living within the neighborhood.