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10 June 2023 | 7 replies
If it is a fix and flip and you take your profits and move on then, you might also want to consider the manner in which you are doing business and your entity structure for tax purposes if you have not already.I would defer to someone like @Denver McClure for point #2 (out of state, in state?
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22 September 2023 | 12 replies
Responding in a timely manner, even if you cannot talk at the moment let me know 2.
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11 August 2023 | 65 replies
So with that, considered in that manner, a property solely ran as STR, well they are saying the use is what makes it commercial, the use is a commercial use.
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5 July 2023 | 17 replies
Lastly, be a good landlord and build a certain relationship with your tenants by ensuring that you address all issues and concerns in a timely manner.
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23 August 2023 | 50 replies
Thank you SO MUCH for outlining the pros and cons in this manner.
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9 October 2021 | 10 replies
So to be candid, I would expect an initial call from them in a timely manner, but beyond that, I have seen that they really need to see your effort on your end to be taken seriously.
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3 August 2023 | 3 replies
But you more common items are plumbing issues (not replacement, but random clogs), appliances and HVAC.All told, assuming you accounted for vacancy, various reserves (capex, repairs and maintenance), turn over costs, PM fees and leasing commissions, and you can pencil to 7% CoC, that is a pretty good deal.It seems like you are not moving rents in a significant manner, but I would always confirm the surrounding area's average incomes can support your pro forma rents (if the tenants are already stretched at $1,200) the chances of finding tenants at $1,300 could be a challenge.
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14 May 2015 | 19 replies
It just isn't my 10th either.I acted very professionally and was very polite in my manner.
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2 December 2020 | 7 replies
(d)Reserved(e)Election of consumer to be excluded from lists(1)In generalA consumer may elect to have the consumer’s name and address excluded from any list provided by a consumer reporting agency under subsection (c)(1)(B) in connection with a credit or insurance transaction that is not initiated by the consumer, by notifying the agency in accordance with paragraph (2) that the consumer does not consent to any use of a consumer report relating to the consumer in connection with any credit or insurance transaction that is not initiated by the consumer.(2)Manner of notificationA consumer shall notify a consumer reporting agency under paragraph (1)—(A)through the notification system maintained by the agency under paragraph (5); or(B)by submitting to the agency a signed notice of election form issued by the agency for purposes of this subparagraph.(3)Response of agency after notification through systemUpon receipt of notification of the election of a consumer under paragraph (1) through the notification system maintained by the agency under paragraph (5), a consumer reporting agency shall—(A)inform the consumer that the election is effective only for the 5-year period following the election if the consumer does not submit to the agency a signed notice of election form issued by the agency for purposes of paragraph (2)(B); and(B)provide to the consumer a notice of election form, if requested by the consumer, not later than 5 business days after receipt of the notification of the election through the system established under paragraph (5), in the case of a request made at the time the consumer provides notification through the system.(4)Effectiveness of electionAn election of a consumer under paragraph (1)—(A)shall be effective with respect to a consumer reporting agency beginning 5 business days after the date on which the consumer notifies the agency in accordance with paragraph (2);(B)shall be effective with respect to a consumer reporting agency—(i)subject to subparagraph (C), during the 5-year period beginning 5 business days after the date on which the consumer notifies the agency of the election, in the case of an election for which a consumer notifies the agency only in accordance with paragraph (2)(A); or(ii)until the consumer notifies the agency under subparagraph (C), in the case of an election for which a consumer notifies the agency in accordance with paragraph (2)(B);(C)shall not be effective after the date on which the consumer notifies the agency, through the notification system established by the agency under paragraph (5), that the election is no longer effective; and(D)shall be effective with respect to each affiliate of the agency.(5)Notification system(A)In generalEach consumer reporting agency that, under subsection (c)(1)(B), furnishes a consumer report in connection with a credit or insurance transaction that is not initiated by a consumer, shall—(i)establish and maintain a notification system, including a toll-free telephone number, which permits any consumer whose consumer report is maintained by the agency to notify the agency, with appropriate identification, of the consumer’s election to have the consumer’s name and address excluded from any such list of names and addresses provided by the agency for such a transaction; and(ii)publish by not later than 365 days after September 30, 1996, and not less than annually thereafter, in a publication of general circulation in the area served by the agency—(I)a notification that information in consumer files maintained by the agency may be used in connection with such transactions; and(II)the address and toll-free telephone number for consumers to use to notify the agency of the consumer’s election under clause (i).
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11 August 2022 | 4 replies
This should have raised major red flags with my attorney and my buyer's agent but it seemed all they cared about was there paychecks.I was overwhelmed and although I kept bringing it up if I was more focused I would have given a deadline and threatened not to close until the information is disclosed and require it to be disclosed in a manner that is super solid by Court standards.