Eyal Goren
Is Subto legal?
8 January 2025 | 10 replies
The "due on sale" clause (DoSC) obligates the seller to notify the lender if the property is sold.Failing to do so would place the seller in violation of this agreement, giving the lender the right to accelerate the loan.But no laws are being broken here.So, subto is neither legal nor illegal.Second, it only works because most lenders are more interested in receiving payments than in invoking the DoSC clause and foreclosing on the property.But, it can work, provided seller and buyer are both on board and the proper process is followed.
Kyle Carter
Ohio Legal Considerations for Rentals
3 January 2025 | 2 replies
I am about to buy my first property in Ohio and I would like to gain as much information as I can in regards to the different legal issues of which I can face in Ohio.
Jayleco Mcgaughy
New to Wholesaling: Seeking Tips and Guidance to Get Started in Real Estate
31 December 2024 | 2 replies
I’m willing to put in the time and effort to learn and grow in this industry, but I could really use some guidance on where to start.
Nadia Jones
CRE Fund vs JV: Seeking General Information and Guidance for Setting Up
26 December 2024 | 2 replies
I’m all ears for any guidance, recommended reads, or war stories from those who’ve been down this path.
Phil Shelton
Need Advice on Legalizing a Curb Cut for Parking
3 January 2025 | 3 replies
To legalize a curb cut in NYC, your first step is to hire a licensed architect or engineer.
Sousie El
Seeking Legal Advice on HOA and Water Damage Issue
2 January 2025 | 2 replies
It couldn't hurt to call a couple attorneys right away to see what they say in terms of cost and suggestions for dealing with this quickly.In terms of mitigating any legal issues with your tenant be sure you are documenting every conversation you have had with the HOA in terms of asking them to make the necessary repairs.
Matt Weddon
Legally Rejecting Applications
2 January 2025 | 18 replies
Maybe they've been burned by landlords in the past and are being very careful.You can legally reject them based on personality, facial tattoos, body odor, or other factors, but you better make sure you can prove that it wasn't based on any protected class like race, religion, familial status, etc.
Yianni Hahalis
Open to Advice and Guidance
23 December 2024 | 2 replies
If you need financial help, ask under the "Finance, Tax, and Legal" forum.
Amy Smith
Investing as we move into "retirement."
5 January 2025 | 5 replies
I've seen landlords live in blissful ignorance for 5-10 years due to dumb luck, then their world comes crashing down and they lose everything.I have a book, there are some in the BP bookstore, or you can check out one of my personal favorites, Every Landlord's Legal Guide by NOLO.
Max Bellino
Online Cost Seg studies Vs Site Visits
30 December 2024 | 5 replies
https://www.biggerpockets.com/forums/51-tax-legal-issues-con...