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2 March 2024 | 3 replies
This law applies to all properties, including rooms and guest houses, that are rented for fewer than 30 consecutive days[1][3].
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2 March 2024 | 4 replies
The AC unit was leaking for several weeks and I had to mop up the water almost every day.
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3 March 2024 | 53 replies
I asked if I could pick my trust company, I got a flat no. 3 days later they sent me the trust company's info, the phone number for the totally real sounding name of "Lawyers Escrowsan" is the same as Judith Knott's.
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3 March 2024 | 9 replies
Perhaps I will send over the loan agreements for the nearly $13M in real estate debt I originated in the last 90 days as the sole gaurantor so you can point out where I tripped up and perhaps you can even explain to me what I signed :)
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2 March 2024 | 7 replies
I'd recommend checking out both Furnished Finder Traveler Search (https://www.furnishedfinder.com/housing/New-York/New-York) and Airbnb/VRBO 30+ day stays to see what is in your area currently.
2 March 2024 | 1 reply
I have a beautiful piece of property that I would love to one day build on.
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2 March 2024 | 3 replies
As long as it gets approved, the overall process should be less than 120 days based on that packet.
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4 March 2024 | 34 replies
You follow whatever the LLC Agreement says.If the LLC Agreement says that distributions are based on percentage of capital contributed, that should be the way that distributions are made.If you have to recalculate the tax capital account to figure out distributions, there is likely 1-2 hour of an accountant's time(likely billed) to come up with what needs to be distributed.However, at the end of the day, for things to be above board, the transactions have to have economic substance so they would need to follow the capital accounts.
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2 March 2024 | 6 replies
A lot of folks don't know this little tid bit - But if you die owning the property (1031ing every time you sell) you heirs get the property as if they paid market value for it on the day you die (called a step up in basis).
1 March 2024 | 6 replies
Looking to bid in a few days on a Primary Mortgage lien, it appears that there was an COA Lien which was filed with county on 11/22/22.