7 December 2022 | 4 replies
Essentially, they drafted a resolution to the LLC, which stated that: 1) on behalf of the LLC, the members are authorized to execute and deliver resolutions, 2) certify that the following changes were duly adopted and are in force, 3) remove member from LLC in accordance with your operating agreement, 4) revert ownership interest back to the remaining member (you), 5) resolve that the removed member will no longer have any ownership interest in the LLC, and 6) then add the new member (your wife) in accordance with your operating agreement, transferring whatever ownership interests you desire from the percentage that you possess.
1 September 2013 | 40 replies
We are working on her paperwork.
6 April 2013 | 85 replies
Because it was my first time doing anything contractual, I had the RE agent that sold me the house also do the leg-and-paper-work to find a renter.
1 August 2018 | 20 replies
the hassle of all the paperwork attached to a FHA loan, cash deal (or hard/private money) is much easier from the seller side and less of a chance that it falls through.
15 January 2015 | 14 replies
They look fine but are essentially glued-on and subject to wear and tear.In particular, there isn't a good solution for the top edge of the laminate flooring.
17 December 2022 | 5 replies
Simply enter some information to view projected key return on investment (ROI) metrics, including cash flow, cash-on-cash return, net operating income, and cap rate.Minimize risk by investing in a pre-inspected, turnkey rental property with a tenant in place to earn cash flow beginning the day the deal closesBegin the loan application process early, because sometimes lenders require more paperwork than when you’re financing in your home stateHire a good local property manager who has experience working with out of state investors.While buying out of state rental property does come with some risk, investing the right way helps to minimize those risk while maximizing the overall returns of your property portfolio:Key reasons for investing out of state include increasing cash flow and portfolio diversification.Affordability, matching markets with investment strategy, and property affordability are three advantages to buying real estate out of state.Turnkey rental property and a local property manager help to reduce the risk of investing outside of your home state.I am a real estate agent and investor in TX.Katy, Cypress, Spring, some parts of Houston, Conroe, Tomball, Pearland are great markets.Rent growth and appreciation is steady.These cities tend to command quality tenants, and they have great schools.Get in touch with a local agent or investor and shorten your learning curve and save you a lot of headaches as they tend to understand the market better.All the best!
9 May 2019 | 3 replies
Another way of looking at it is operating expenses are items that are essential in "operating" the property.
29 June 2017 | 8 replies
Any fees should be paid upon closing as the money changes hands and be supported by legal paperwork.
16 December 2022 | 7 replies
Essentially all you need to do is open a traditional IRA with the same company you have your Roth.
19 June 2017 | 11 replies
Every county is a bit different but essentially you want to look at the recent probate files.