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29 November 2017 | 19 replies
Be careful what you put in writing,a lawyer can use it against you in a court of law.The tenant is within his legal rights to demand a receipt for rent paid and the reason is not up for debate by anyone.You must furnish a receipt within a certain time period established by your local state law.You can furnish it electronically,US Post Office mail,or in person.Also,that statement regarding possibly moving into the apartment might been seen by a judge as illegal harassment of a paying tenant.You seriously should seek legal advice from a competent attorney and let them write responses to your tenants with the correct legal language.
4 December 2017 | 18 replies
If you are not careful the seller will feel like it is a scam.Good luck
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4 December 2017 | 2 replies
It's not in too bad shape, but was a smoker's house and hasn't had any cleaning done in years.Based on a quick walk-through I'm looking at internal painting, minimal external painting, carpet replaced (or removed to get to the hardwood floors where possible), a bunch of minor repairs to things like gutters/eaves/etc.In a perfect world, this relationship would continue to care for the property as issues occur in the future.
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1 December 2017 | 5 replies
I think it's more about adhering to contract law and being careful to not violate agency laws.
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3 December 2017 | 2 replies
Conventional loans don't care how many flips you have done, they care about ability to pay the loan back and the strength of the collateral if things go bad.HML's are usually reserved for experienced investors (exact requirements vary based on the lender).
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12 December 2017 | 4 replies
I have thought that an office would be good, and maybe a day care for children to name a few that came to mind.Are there other opportunities that can actually work on a commercial property that just doesn't look the part.
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4 December 2017 | 14 replies
Much quicker than a multi-tool if all you care about is wether or not their is juice in the lines.
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3 December 2017 | 14 replies
So if you can get a zoning variance to enable you to use it as a legal office, wedding venue, accounting office, day care center.
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4 December 2017 | 45 replies
The owner doesn't know you or, frankly, care about you.
2 December 2017 | 6 replies
I know I cannot discriminate to any families with young children, so I know that I will have to get the lead taken care of, but curious if I can technically be safe if I only have the renters side de-leaded.