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15 May 2024 | 10 replies
I’m helping her out because she lives out of state and obviously can’t open in person an escrow account.
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16 May 2024 | 10 replies
According to the Fair Housing Act and the Americans with Disabilities Act:Even if a landlord has a no pet policy in place, the law does not consider service animals as pets and therefore the service animal is exempt from such a restriction.Service animals are allowed anywhere a person would go, including food areas that would normally restrict an animal’s presence.Landlords cannot charge a pet deposit or pet fee for service animals, however the tenant is liable for any damage that the service animal may cause.Landlords can require written verification from the tenant’s health care provider that they are disabled but cannot ask for any specifics about the disability.Landlords can require written verification from the tenant’s health care provider that the service animal is needed.Landlords can request copies of the animal’s health records to prove the animal is in good health, parasite-free and immunized/vaccinated.Landlords can write warnings or even evict a tenant with a service animal if the animal is disturbing others, posing a threat to others or causing considerable damage to the property.In other words, you can ask for appropriate paperwork concerning the tenant’s need for the service animal and to verify the animal’s health.
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14 May 2024 | 10 replies
Lower of cost or market for determining the basis is also the correct way to treat a personal use asset being placed into service for business purposes.
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14 May 2024 | 5 replies
This means not only mapping the location of your existing utilities, but engaging with an experienced provider who knows how to work with your local utilities.
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16 May 2024 | 13 replies
😜)Sometimes the money I bring may be enough to buy the whole place, sometimes it will be the deposit, but in either situation it makes it real.Second issue, Fear.The biggest fear I always encounter is the fear that the debt owed against the estate will somehow attach to him/her personally.I find articles from attorneys that most closely meet their situation and while explaining to them that, “unless they personally signed for the debt, they will never personally responsible for the debt.”
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13 May 2024 | 2 replies
Hey all, first post here and excited to be a part of the community.I would like advice from experienced investors on their recommended incorporation structure for a business that will raise money from external investors to use in funding equity requirements of lenders in in fix/flips and BRRRR rentals.
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16 May 2024 | 2 replies
So my conclusion was that the condo-hotels are more so set up for personal use, with the ability to offset SOME of the costs by renting out the unit while you're not there.
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15 May 2024 | 6 replies
You can properly operate the STR in your personal name to include the financing, proper insurance, etc.
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15 May 2024 | 7 replies
My personal opinion is owning your home outright is an amazing feeling and impressive feat.