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12 November 2024 | 10 replies
The good thing about househacking a legal multifamily unit is that lender allows you to use the vacated units of 75% market rent as an income to offset the potential current mortgage.
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13 November 2024 | 11 replies
I'm also relieved that I hired a local real estate attorney to help create a county-specific, legal MTR agreement for our house-hacking situation.
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19 November 2024 | 26 replies
I haven't ran into an issue like this before especially if you followed all of the guidelines for it to be a legal bedroom such as bedroom size, entrance size, egress, closet, etc.
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14 November 2024 | 10 replies
I suspect a legal, permitted garage conversion ADU will cost ~6 times your estimate if hands off and probably at least 4 times your estimate if you do the finishes yourself.
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14 November 2024 | 12 replies
There is a possibility that you could keep this buyer under contract (for example if he tries to cause you legal trouble) if he is willing to wait (which he will if he is an investor who was underpaying you what you think itis worth As Is.
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15 November 2024 | 23 replies
They then did the STR model (with permits) and are able to cashflow a substantial amount.However, this only legally works while it's your primary residence.I've got other friends that used their VA loan to secure the rare plex in Alexandria.
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13 November 2024 | 9 replies
Is it a legal 3-family on the city card?
11 November 2024 | 3 replies
Now, each lease will be unique, so you can't apply this across all commercial leases, but commonly, LL is responsible for exterior and structural components, while tenant is reponsible for any interior items.How to best explain this: honestly, I would request the tenants have their own legal counsel review their respective leases.
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11 November 2024 | 8 replies
When you're on a temporary visa, especially without a clear path to permanent residency, the risk involved can be substantial—both financially and legally.
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11 November 2024 | 1 reply
In order to legally use the basement as a bedroom for you or someone else, the basement needs to have egress windows with a ladder to get out.