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8 July 2024 | 1 reply
While the bank may have facilitated the transfer without issue, updating the title is still important for legal and liability reasons, particularly for tax and asset protection purposes associated with LLC ownership.The title company has indicated they can handle the title change process, which typically involves filing paperwork with the appropriate local government office, such as the county recorder or registrar of deeds.
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10 July 2024 | 4 replies
In the current market with the prices of homes being so high does it still make sense to be investing in real estate or to be accumulating cash and waiting to see where the market goes?
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10 July 2024 | 4 replies
To make a really long story short, I have just completed a Short-Sale of a single-family home a business partner and I built in Horseshoe Bay, Texas, right outside of Austin, Texas.Our Operating Agreement states that we are to split 50%/50% of all expenses within the business and treat any unexpected monies due as loans and paid back equally amongst the partners.
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7 July 2024 | 10 replies
Do he have a $700/mo escrow on a $190k home?
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11 July 2024 | 5 replies
Notify them that your home is uninsurable because of the roof.
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11 July 2024 | 9 replies
For what it's worth, some ideas I've seen pitched are grocery bundles (e.g. a breakfast bundle for 2-4 people with eggs, bacon, bagels, cream cheese, and OJ all pre-stocked in the fridge), meal kits, a pre-stocked drink fridge, charcuterie boards, premium coffee selection, bike/e-bike/scooter/kayak/canoe rentals, video game consoles, upgraded work-from-home office amenities (e.g. oversized computer monitor), etc.I'm not a lawyer, but cocktail kits, bottles of wine, local craft beer, and other alcoholic items seem like they would fall into a grey area from liability perspective.
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8 July 2024 | 5 replies
Typically it is older buildings and not really on new investors radars?
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10 July 2024 | 0 replies
The large margin of profits when developing single-family homes and duplexes is significantly more than fix and flips.
12 July 2024 | 18 replies
Detached dwellings, like two homes or units on one lot don't fall under residential guidelines but can be done as commercial.
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10 July 2024 | 34 replies
I own a cabin in downtown Gatlinburg that is valued at around 30 percent more than my principal residence in Texas, yet the taxes on my Texas residence are more than 400% higher: The Gatlinburg home taxes are less than $2,000 a year.